SAN JOSE, Calif., March 26, 2008 (PRIME NEWSWIRE) -- EnterConnect Inc. (OTCBB:ECNI) today announced the new launch of best-of-breed Human Capital Management (HCM) software applications on the global software-as-a-service (SaaS) marketplace, SOAapps.com. HCM is one of ten service-oriented application categories launching in 2008. EnterConnect is launching the HCM category on SOAapps in a joint effort with its Talent Management Application partners: Cornerstone OnDemand, HRsmart, StepStone Solutions (Oslo Stock Exchange) and Taleo (Nasdaq:TLEO).
In the Human Capital Management category, SOAapps will feature enterprise applications suites for core and strategic HCM as well as employee collaboration and workforce productivity. SOAapps enterprise suites will provide human resource executives with leading applications to improve HR administration and employee performance and will provide employees with self-service portals that improve communication and productivity. With HCM solutions, employees can handle many day-to-day HR tasks on their own.
"We are excited to launch our HCM category with leading strategic HCM applications," stated Sam Jankovich, CEO of EnterConnect. "The Talent Management partners were carefully selected to provide scalable, enterprise-class solutions that can align effectively with the requirements and budgets of any size company." The HCM partners launching on SOAapps were selected through a formal Request for Information (RFI) process which initially included over 120 solution candidates.
Through the collaborative launch, business executives can now 'Find, Try and Subscribe' to a wide array of Talent Management solutions that include recruiting, workforce compliance, compensation management, eLearning, performance management, and succession planning.
"Human capital management (HCM) is now the hottest application category," said Robert Breza, principal analyst for RBC Capital Markets. "SaaS adoption may have begun with customer relationship management (CRM), but HCM is now rising more than twice as fast as business software overall and the adoption of employee content, communication and collaboration (CCC) applications quickly follows."
The rising adoption rates may be attributable to the fact that HCM applications are used by all employees and CCC applications are used more broadly by all stakeholders. Breza further stated that "unlike CRM, which is primarily used by customer service and sales, HCM and CCC software have greater potential to improve overall corporate performance."
Breza is a co-author on the RBC Capital Markets' report, "On Demand Evolution: A Successful Solution to Solve a Business Problem," which analyzes the evolution of On Demand or Software-as-a-Service business-to-business solutions. In the report, RBC finds that the "On Demand Evolution" is changing how companies acquire and use software. By 2011, RBC anticipates that about 40% of all software will be acquired through SaaS subscriptions instead of traditional software licensing.
To meet the growing demand for enterprise-class SaaS solutions, EnterConnect will be launching ten business and technical categories on SOAapps this year: Human Capital Management, Customer Relationship Management; Financial Management; Supply Chain Management; Content, Communication, and Collaboration; Business Intelligence; Enterprise Resource Planning; Vertical Applications; Infrastructure Software; and Technology.
SOAapps.com serves as a best-of-breed SaaS marketplace that brings together buyers and sellers within each of these key enterprise categories. With the rising adoption of SaaS, EnterConnect believes a dynamic future is evolving for independent software vendors (ISVs).
SaaS ISVs that deliver enterprise-class applications that scale both economically and technically will better serve the entire market spectrum -- from small and medium businesses (SMBs) to large enterprises (LEs) -- and capture greater market share. To enable ISVs to scale more effectively, EnterConnect provides ISVs with a unique enablement program through SOAapps.com. The SOAapps ISV Program not only provides global market reach to improve demand generation, but it also provides ISVs with unprecedented access to leading infrastructure technology in a usage-based financial model.
Through a strategic channel license agreement with BEA Systems (Nasdaq:BEAS), EnterConnect provides ISVs with unconventional access to the BEA product portfolio to develop and deliver enterprise-class, dynamic applications using leading service-oriented architecture (SOA) technology. With this unique technology access, ISVs considering open-source technology economics now have an enterprise-scalable, economical alternative.
For more information on the SOAapps ISV Program or to submit an application for review, visit http://SOAapps.com/partners. To find best-of-breed HCM SaaS solutions or to download a copy of the RBC "On Demand Evolution" report, visit www.SOAapps.com.
About EnterConnect, Inc. and SOAapps.com
EnterConnect, Inc. (OTCBB:ECNI), delivers online business portal solutions that help companies increase productivity, efficiency and revenue to accelerate business on demand. The EnterConnect Business OnDemand(tm) Portals enable employees, partners and customers to connect, communicate and collaborate online -- at anytime, from anywhere -- and solve business objectives on-demand.
EnterConnect launched SOApps.com, powered by enterconnect(tm), with market leader BEA Systems (BEAS) to provide business and technical executives with a marketplace to Find, Try & Subscribe to best-of-breed, software-as-a-service (SaaS) solutions. In 2008, SOAapps will be offering business applications for Human Capital Management (HCM); Financial Management (FM); Customer Relationship Management (CRM); Supply Chain Management (SCM); Content, Communication & Collaboration (CCC); Business Intelligence (BI); Enterprise Resource Planning (ERP); and Vertical Applications (VA) and technical applications in key categories for infrastructure software and technology. SOAapps.com and partner solutions drive business on demand with economical and scalable, pay-as-you-go subscription access to service-oriented applications.
To find enterprise-class SaaS solutions, visit www.SOAapps.com. To learn more about the SOAapps ISV Program or to submit an application for review, visit http://SOAapps.com/partners. To find, try and subscribe to EnterConnect(tm) employee portals, partner portals, customer portals, team portals, and website development and management portals for business users, visit the EnterConnect storefront on SOAapps http://enterconnect.SOAapps.com. For more information about EnterConnect, Inc, visit www.enterconnect.com or call (800) 658-2670.
Forward-Looking Statements:
Statements in this document contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1993 and the Securities Exchange Act of 1934, as amended. These statements are based on many assumptions and estimates and are not guarantees of future performance and may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of EnterConnect Inc. to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. The words "expect," "anticipate," "intend," "plan," "believe," "seek," "estimate," and similar expressions are intended to identify such forward-looking statements. Our actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation those set forth as "Risk Factors" in our filings with the Securities and Exchange Commission.