First nine months results confirm Cezanne Software’s position as leading pan-European vendor of talent management solutions

Company also demonstrates strong growth in South & North America

Cezanne, the leading supplier of Human Capital Management solutions designed to support talent and compensation management at both a local and international level, reports a positive first nine months of 2008 with continued, profitable growth.

The company signed significant new business in all of its key territories, including United Kingdom, France, Italy, Spain, Benelux, Portugal and Latin America. Sales were also made into US, UAE and Greece. New clients included TNT, Océ’ Technologies, Thales, Avon Cosmetics, Louis Vuitton Moët Hennessy Group (Italy), Médecins Sans Frontières (MSF) Greece and Manpower France.

The company’s SaaS offerings continue to drive momentum, more than doubling recurring revenues over the same period of 2007, with more than one third of new customers opting to take advantage of the cost effectiveness, rapid implementation and low maintenance benefits of Cezanne’s hosted service.

Carlo Ugdulena, CEO of Cezanne Software, comments “In a tough market, companies are more inclined to choose providers who are leader in their sector and Cezanne Software continues to prove that we have solutions that satisfy market needs across Europe and beyond. Importantly, we can demonstrate a strong client-base in each of the major European economies. For our customers that means we can offer a solution and a service that reflects our deep knowledge of their local market and, at the same time, addresses the needs of companies to manage talent and compensation across international boundaries.”

“I am also excited by the growth we are seeing as a result of our partnership activities, especially with Deloitte, Hay Group and Sapien (a distributor in the US). The fact that these successful organizations continue to trust in us and our software, is important to rapidly grow our presence outside Europe”