Cytiva Named to the Software 500 List
Software Magazine Names Cytiva / SonicRecruit in its
Annual List of the World’s Foremost Software Providers VANCOUVER, BC – November 6, 2006 – Cytiva Software Inc. (CRX: TSX:V), a leading provider of recruiting software solutions, recently announced Software Magazine ranked Cytiva number 490 on its 2006 listing of the top 500 software companies in the world. The Software 500 is a revenue-based ranking of software and services suppliers that target medium to large enterprises.
Software Magazine designed the list to be a resource for CIOs, senior IT managers and IT staff who are researching their vendor partner options and need a quick reference of vendor viability.
“The market is clearly recognizing that world-class recruiting software does not have to come
with a world-class price tag,” said Jason Moreau, CEO of Cytiva. “The fact that our record revenue growth lands us on this prestigious list of the world’s foremost software companies is further validation of SonicRecruit’s mission.”
With the 2006 releases of its SonicEntree hourly hiring solution, its SonicOnboard Onboarding module and its SonicEnterprise multi-company, multi site enterprise recruiting solution, Cytiva took a huge step toward further strengthening its offering of Fortune 500 quality recruiting software solutions for the mid-market. Recent Cytiva revenue growth announcements indicate that current revenues are far-surpassing the numbers that landed Cytiva on the list.
ABOUT CYTIVA SOFTWARE INC.
Cytiva Software Inc. (CRX:TSX.V) provides innovative on-demand talent management software and services to mid-sized and Fortune 500 companies. Its flagship talent acquisition product, SonicRecruit, allows corporations to screen applicants, automate recruiting departments, customize corporate career sites and hire great people. This premier applicant tracking system improves recruiting effectiveness, speeding up the hiring process and reducing cost per hire. For more information, visit www.sonicrecruit.com.
CONTACT:
Ian Alexander
mediarelations@sonicrecruit.com
510-984-1986
The TSX has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management.
Forward-looking Statements: This news release contains forward-looking statements related to the future financial condition and results of operations of Cytiva. These statements are based on current expectations and estimates about the human resources markets in which Cytiva operates and management's beliefs and assumptions regarding these markets. These statements are subject to important risks and uncertainties which are difficult to predict and assumptions which may prove to be inaccurate. Some of the factors which could cause results or events to differ materially from current expectations include but are not limited to: general economic conditions, market or business conditions; changing competitive environment; changing regulatory conditions or requirements; changing technology; and success in implementing productivity initiatives. Some of these factors are largely beyond the control of Cytiva. Should any factor impact Cytiva in an unexpected manner, or should assumptions underlying the forward-looking statements prove incorrect, the actual results or events may differ materially from the results or events predicted. All of the forward-looking statements made in this document are qualified by these cautionary statements, and there can be no assurance that the results or developments anticipated by Cytiva will be realized or, even if substantially realized, that they will have the expected consequences for Cytiva. Readers should not place undue reliance on any forward-looking statements. Further, Cytiva disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or any other occurrence. |