Authoria Again Delivers Record-Breaking Revenue and Profits in Q3 2005

Authoria, Inc., the leader in integrated strategic Human Capital Management (HCM) solutions, today announced record-breaking third quarter results (ended September 30, 2005) with an 84 percent increase in revenue over the same period last year. In addition, the company has seen a four-fold increase in the number of on-demand customer wins.

“By out-innovating the competition we are building on our profitability and continuing to build strong revenue growth, new on-demand customers, and a remarkably strong deal pipeline,” said Bill Brown, chief financial officer at Authoria. “We expect this rapid growth to continue, setting a pace for a profitable fiscal year 2005 with a run-rate in excess of $50 million.”

The third quarter included fifteen new contracts – nine with new customers and six which were expansions with existing customers – and, on average, third quarter customers employed 57,600 people.  Seventy-five percent of these new deals will be delivered via Advisor On-Demand™., the company’s fully-hosted, fully-managed, secure, Internet-based solution.  Today, Advisor On-Demand serves more than 3.7 million employees, making it the most widely deployed On-Demand application in the software industry. New deals for the third quarter include contracts with: 

* Aetna 
* County of Ventura
* Raytheon 
* Safeway

Authoria also closed new deals with a national grocery chain, a large financial services organization, an energy provider, a large healthcare provider and a multinational beverage company.

In late October, the company unveiled Authoria Advisor 2006, an integrated total solution for strategic HCM.  Authoria Advisor 2006 includes Performance Advisor™, Compensation Advisor™, Hire Advisor™, Manager Advisor™ and Employee Advisor™.

"With our fully-integrated Authoria Advisor 2006 solution we offer leading employers a way to quickly and easily support and manage the entire talent lifecycle," said Tod Loofbourrow, Authoria’s president and chief executive officer. “Our on-demand offering enables global HR leaders and front-line managers to find, hire, inspire, reward and retain the best talent available.  We are helping global leaders extend their leads over competitors, and helping aspiring leaders catch up with bigger players.” 

About Authoria
Authoria is the leading provider of integrated strategic human capital management (HCM) solutions helping employers increase the productivity of their workforce in driving their business strategy forward. In October 2005, Authoria beat three leading competitors at the HR Technology Conference Performance & Compensation Shootout. In addition, Authoria’s products have been awarded Top Product of the Year by Human Resource Executive Magazine six times, more than any vendor in the history of HR technology.  Authoria Advisor 2006 includes recruiting management, performance, management, compensation management, succession planning, and benefit and policy communication while providing just-in-time knowledge and coaching for managers and employees. Authoria’s award-winning solutions have proven successful for more than 300 large employers, representing more than 10 million employees. Customer companies include Boeing, Prudential, Pfizer, Reuters and Unocal.