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Restrac, Inc. (NASDAQ:RTRK), the leader in automated staffing solutions, today announced that it has signed a cooperative marketing and development alliance with Criterion, Inc. Restrac will team with Criterion, a leading client/server provider of career development and organizational planning software, to provide customer solutions that help human resources organizations better integrate their recruiting and staffing workflow with their career/succession planning and diversity/affirmative action planning.
Criterion designs, develops, markets and supports human resources planning systems for diversity management/affirmative action planning, career development/succession planning and training administration. As part of the broad agreement, Criterion will extend a special migration offer to existing Restrac Plan customers who wish to upgrade their existing configurations with Criterion's StrategicSuite(tm) solutions. The special migration offer, available through the end of 1997, includes significant financial incentives for Restrac Plan customers who want to take advantage of Criterion's products.
"Restrac and Criterion offer uniquely complementary solutions," said Rob Perry, vice president of Marketing at Restrac. "We deliver industry-leading solutions for automated recruiting and staffing and Criterion offers tools that allow businesses to better oversee the total HR planning process. Together, we will help customers manage the complete employee life-cycle, from hiring the right people to ensuring that they will continue to prosper and develop in their new work environment."
About Criterion
Since 1975, Criterion has worked with over one thousand organizations, large and small, across a multitude of industries, to help manage a changing and diverse workforce. With over 20 years of experience, Criterion is widely recognized as providing the most comprehensive solutions for HR planning professionals through quality software and guaranteed implementation services.
Criterion's StrategicSuite family of solutions helps organizations create a self-service environment where HR professionals have access to the information they need to make human resource planning decisions. StrategicSuite encompasses human resource planning components for affirmative action planning, diversity management, career development, succession planning, training administration, and multirater assessments. More information about Criterion is available on the World Wide Web at criterioninc.com .
About Restrac, Inc.
Restrac,Inc. is the worldwide leader in automated staffing solutions. Since 1982, its products and services have helped businesses significantly reduce the cost of hiring by streamlining the way employees and jobs are connected. The industry's technology pioneer, Restrac is committed to delivering cutting-edge software and services that leverage companies' most valuable resources - candidates and employees. Restrac Hire is the most flexible, enterprise-wide solution on the market; a client/server system designed to help companies rapidly find, hire and deploy the best candidates. More than 230 clients worldwide employ Restrac's client/server staffing systems. More information about Restrac is available on the World Wide Web at restrac.com . -0-
Restrac is a registered trademark of Restrac, Inc., and Hire is a trademarks of Restrac, Inc. All other products or services mentioned may be trademarks or registered trademarks of their respective owners.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results and performance could differ materially from those set forth in the forward-looking statements. Certain factors that might cause such a difference include product development risks, new product announcements and introductions, changes in technology and industry standards, certain strategic relationships, continued upgrading of the Company's products, future demand for staffing software and end-user acceptance of the Company's products and services and those of its competitors.
BW1244 SEP 16,1997
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