Recruitsoft - MagnaWare Alliance Supports 120-Language Resume Capture

New alliance reaffirms Recruitsoft's leadership in global e-recruiting solutions

Recruitsoft, the leading provider of Web-based hiring management systems, announced today an alliance with MagnaWare Inc. of Santa Cruz, California, a leading provider of multi-language resume processing solutions for corporate enterprises. The alliance provides Recruitsoft clients with one-click access to MagnaWare’s RezPrise™ product, which automatically processes all types of resumes—in 120 languages, including Asian multi-byte characters—and seamlessly enters them directly into a company’s back-office system. RezPrise will be available through Recruitsoft’s Recruiter WebTop application, which powers the career Web pages of large corporations.

Recruiter WebTop provides a complete business application over the Internet that supports every aspect of the corporate recruiting process, from requisition management, to complete candidate sourcing-including labor exchanges-proprietary skills-based profiling, automated candidate background checking and now, complete resume capture, regardless of source. MagnaWare’s RezPrise will process web, email, fax and scanned hardcopy resumes in any language.

RezPrise, which will work seamlessly with Recruiter WebTop, enables recruiting managers to quickly process incoming resumes from any source-including the web, email with or without attachments, fax and hardcopy-from virtually anywhere in the world, integrate the applicants immediately into human resource management systems (HRMS) and then search for qualified candidates from within the Recruiter WebTop application. Unlike poorly integrated products that require time consuming manual processes and batch processing, RezPrise gives corporate recruiters fast access to new candidates. Magnaware also offers local phone numbers in 90 cities worldwide for candidates to submit fax resumes.

"MagnaWare has the same global philosophy and commitment to streamlining the workload of corporate recruiters as Recruitsoft," said Recruitsoft CEO Louis Tetu. "The RezPrise international language support, including Asian, multi-byte characters, was key in our decision to add its capabilities to our Recruiter WebTop. Recruitsoft is committed to building alliances with leaders in each key area of the recruiting supply chain in order to benefit our global clients. MagnaWare provides another integral link in this chain."

Jo Peleus, CEO of MagnaWare, said, "We are very excited to be allied with Recruitsoft, which we consider a leader in global enterprise recruiting solutions. Both of our customer bases will benefit as a result of our alliance. Our clients will learn more about Recruitsoft’s fully integrated, global recruiting management application, and Recruitsoft clients will benefit from our international language support, an important function for today’s global corporations."

About Magnaware
Magnaware (www.magnaware.com) is a leading provider of intelligent recruiting tools for corporate enterprises. MagnaWare’s products provide global employers with instant access to all qualified job applicants from virtually the moment they apply for a job, regardless of how or where they submit their information. MagnaWare is a privately held corporation with headquarters located in Santa Cruz, CA and offices in London, England. MagnaWare’s customers include Hewlett-Packard (NYSE: HWP), Agilent Technologies (NYSE: A), and Levi Strauss. As RezPrise is infinitely scalable and operates on both a domestic and an international level, installations process anywhere from a few thousand resumes per month to over half-a-million per year.

About Recruitsoft
Recruitsoft delivers the most complete online recruiting solutions for leading companies across many industries, including United Airlines (NYSE: UAL), Bombardier Aerospace and Transportation, MetLife, Cabletron Systems (NYSE: CS), and Sutter Health. The company’s Recruiter WebTop application service provides a complete business application over the Internet to power the career Web pages of large corporations, leading to faster time-to-hire, lower cost-per-hire, and ultimately, increased quality of hires. Recruitsoft introduced the pay-per-hire fee structure to the web-based recruiting industry and is considered to be the best-practice ASP for recruitment management solutions, based on its proprietary ACE Recruiting™ process technology, designed in collaboration with large corporations to re-engineer and streamline the corporate recruiting process. Recruitsoft recently announced several alliances through which it became the first HMS to integrate all areas of candidate sourcing. These services are available with one-click ease and include: job postings on the corporate Web site, the company Intranet, job boards, advertising in all print media and, importantly, contract-assisted candidate sourcing.

Recruitsoft is the parent company of iLogos research, which studies and monitors trends in the Internet recruiting industry. iLogos periodically publishes reports and indexes and is dedicated to understanding the needs of large corporations seeking qualified talent.

Recruitsoft is funded in part by Telesystem Software Ventures LP (Telsoft), a venture-capital arm of Telesystem Ltd., a Red Herring Top 100 company; and by Omnicom (NYSE:OMC), the world’s leading provider of marketing communications and advertising services, through its Internet investment arm, Communicade.

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