BDI.L Regulatory News (BDI)

9 Jun 2009 07:00



Bond International Software Plc

PENNA IMPLEMENTS BOND ADAPT TO

SUPPORT SUBSTANTIAL GROWTH

-  International HR Consulting Group aims to better a successful 2008 supported by the implementation of Bond Adapt -

Tuesday 9 June 2009: Penna, the international HR Consulting Group, has signed a contract for the implementation of Bond Adapt, the market leading recruitment software application from stock market-listed Bond International Software.

Penna's expertise spans the entire employment lifecycle including Executive Recruitment, Creative Communications, Executive Interim Management, Leadership & Performance Consulting, Board & Executive Coaching and Career Transition. Bond Adapt will be implemented initially within the Executive Recruitment and Executive Interim Management divisions, and will be used by upwards of 60 staff across the Stockholm, Madrid, Dublin and several UK offices. The system will help manage an average of 250 client projects annually, for which Penna handle several thousand applications per year. 

The implementation of Bond Adapt will directly support Penna in sustaining its substantial growth, and with this, its planned increase in headcount. Despite the economic climate, Penna PLC, has seen 30% revenue growth last year to £63.2 million, and is forecasting  another strong, profitable financial year. The Resourcing businesses that will use Bond Adapt saw growth of 22%.

Duncan Verry, Managing Director of Executive Recruitment, explains, "Service delivery is everything to us. Putting customer experience and service first has allowed us to grow rapidly and to consistently outperform our competitors. However, we were experiencing difficulties regarding the complexity and overall usability of the online application process, delivered by our previous software provider and it was not attaining the flexibility and high standards we expect in our candidate experience. We operate in a very competitive market where first impressions are important. Therefore, we need to make it quick and easy for job candidates to interact with us and submit job applications." 

Verry continues, "We were seeking to push technology to create a major step change in our business processes. As a result of our expansion, we are now managing many more projects, each on a much larger scale than previously, and we needed to adjust our procedures accordingly. For instance, each of our clients has a certain preferred way of working for best effect and to align with their own processes, we wanted to allow different business processes to be accommodated in our Executive Recruitment and our Executive Interim Management businesses. Rather than curtail this and enforce a set process on them, we needed an IT backbone to support various different ways of working, whilst still allowing them to work from the same repository of information. Bond Adapt was the perfect application for such needs due to its innate agility and ability to handle the rise in volume of activity."

Tim Richards, Managing Director of Bond International Software, comments, "Penna has a strong position in the market and in order to maintain that position, they need durable and flexible processes. Bond Adapt is perfectly suited due to its wide functionality and we are looking forward to a close partnership with Penna to help them with the continued development of their business activities in order to achieve their growth plans."

ENDS

About Bond International Software and Bond Adapt www.bondadapt.com 

London stock market-listed Bond International Software plc is a global provider of recruitment and human capital management (HCM) software and services. 

Bond is the largest provider of specialist staffing software for recruitment agencies worldwide. Is a rapidly growing provider of web-based e-recruitment and talent management software to the corporate market and provides HR, recruitment, payroll software and bureau services directly to both the public and private sectors.

Established in 1973 and quoted on the AIM market of the London Stock Exchange since 1997, the company has consistently achieved financial growth and maximised investment in the development of technology and service provided to its international client base.

It has over 30 years experience in the development and creation of products and services that have become industry standards. Headquartered in the United Kingdom, the Group also has offices in the United States, Australia, Canada, South Africa and Hong Kong with a global team of over 400 employees and 3500 customers. 

Bond Adapt is a specialist portfolio of recruitment software applications which has earned Bond the reputation for enhancing business growth and profitability throughout the global staffing industry. Although configuration of Adapt recruitment software is easy, Bond offers five pre-configured systems especially for Recruitment, Vendor Managed Serviced (VMS), On-site, ASP and Healthcare. 

Bond Adapt customers include some of the largest recruitment agencies in the world and a large number of private sector organisations, including: Adecco, Hays, Michael Page, Manpower and Kelly.

For further information, please contact:

Bond International Software

Tim Richards

Managing Director Courtlands, Parklands Avenue, Worthing.

Tel 01903 707070 Email trichards@bond.co.uk

Press contact

Tim Thompson 

Buchanan Communications

Tel 0207 466 5000

Email timt@buchanan.uk.com

Chris McMahon

Buchanan Communications

Tel 0207 466 5000

Email chrism@buchanan.uk.com