2007 Press Releases

Workstream Debuts Next-Generation Talent Management Suite

Industry’s First Talent Management 2.0 Solution Suite Delivers "No Boundaries" Product Unification, Built-in Analytical Dashboards and Out-of the-Box Globalization

Burlingame, CA, October 10, 2007 - Workstream Inc. (NASDAQ: WSTM), a leading provider of on-demand compensation, performance and talent management solutions, today launched Workstream TalentCenter 7.0, a landmark suite of talent management software that analysts are characterizing as the industry’s first “Talent Management 2.0” offering. Managed by Workstream in a state-of-the-art data center and designed with a web services architecture, TalentCenter 7.0 unifies best-of-breed talent management solutions from Workstream enabled through a Web 2.0 user interface. TalentCenter 7.0 provides built-in advanced analytics and dashboards, out-of-the-box multi-language and multi-currency support, a common reporting engine, a common security infrastructure, and user-definable, personalized workspaces. TalentCenter 7.0 was unveiled publicly for the first time today at the HR Technology conference in Chicago, IL and will be released for general availability during the current fiscal quarter ending November 30, 2007.

"HR plays a strategic role and should adopt talent management that transitions from discrete, tactical transactional HRMS to a unified suite of applications like those Workstream delivers," said Mark Smith, CEO & EVP Research at Ventana Research. "The requirement for an integrated and unified talent management suite in a software as a service model that leverages dashboards is what Workstream is delivering with TalentCenter 7.0, and sets a new standard for the market."

"Workstream TalentCenter 7.0 is a significant step forward in talent management solutions!" said Deepak Gupta, President and CEO at Workstream. "For the first time, customers can assess talent management from a global perspective, via applications that are secure and easy to use, and which enable executives and line-of-business managers to make intelligent and relevant business decisions by interacting with data that is personalized, configurable and actionable. Finally, business leaders will have visibility into the interdependencies between talent management functions – a distinct advantage when creating a pay-for-performance culture, competing for the best employee candidates, improving workforce productivity and reducing loss of key talent and expertise through attrition. Only Workstream has the vision, product and ability to help customers achieve their global talent management objectives," concluded Gupta.

TalentCenter 7.0 is a web-based suite for talent management that unifies all best-of-breed Workstream applications in a single on-demand offering. Customers will benefit from a variety of new functionality and enhanced usability, highlighted by the following:

• Out-of-the-Box Globalization – TalentCenter 7.0 offers built-in support for 10 languages and multiple currencies, including languages such as English, French, Italian, Spanish, German and double-byte language like simplified Chinese.
• Unification - “No Boundaries” Cross-Module Integration – TalentCenter 7.0 provides a common reporting and user-interface layer for all Workstream applications that far exceeds the basic integration capabilities of competitive systems by eliminating the boundaries between talent management modules. This improves effectiveness and productivity by providing managers a single view of information across multiple talent management solutions like compensation planning, performance management and competency management. The improved and intuitive look-and-feel eliminates the need for training, enabling company wide adoption and acceptance.
• Built-in Advanced Analytics and Dashboards – TalentCenter 7.0 delivers rich analytics and dashboards for enhanced decision-making, including role-based views for staff at many levels. Executive dashboards quickly identify key issues and highlight results, while line-of-business dashboards and analytics support pay-for- performance and competency optimization initiatives.
• Web 2.0-enabled User Interface – TalentCenter 7.0 provides a superior end-user experience, with heavy use of Web 2.0 conventions such as dynamic rollovers that improve usability. The new software is highly configurable to accommodate specific customer as well as user needs (e.g., workspaces that can be modified by the end user). Improved navigation provides high productivity by ensuring fewer mouse-clicks for faster access to information.

During a series of briefings with leading industry analysts and customers, Workstream received overwhelmingly positive feedback on TalentCenter 7.0, including these comments:

• "Version 7.0 is what we have been hoping for from talent management vendors and Workstream is delivering!"
• "Other players in the talent management space have received attention recently, but until seeing your v7 pitch I didn’t fully appreciate how much Workstream had grown and the focus you have at the high end of the marketplace. Version 7 suggests a very impressive set of new capabilities, particularly with respect to the BI and analytics functionality."
• "This is exciting. A lot of the next-generation features I am looking forward to in advanced talent management software I see present in your application."

To learn more about Workstream TalentCenter 7.0, visit www.workstreaminc.com or call us at 1-888-221-4005.

About Workstream
Workstream provides on-demand compensation, performance and talent management solutions and services that help companies manage the entire employee lifecycle - from recruitment to retirement. Workstream's TalentCenter provides a unified view of all Workstream products and services including Recruitment, Performance, Compensation, Development and Transition. Access to TalentCenter is offered on a monthly subscription basis under an on-demand software delivery model to help companies build high performing workforces, while controlling costs. With offices across North America, Workstream services customers including Chevron, Kaiser Permanente, Nordstrom and Wells Fargo. For more information visit www.workstreaminc.com or call toll free 1-866-470-WORK.

This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of Workstream's management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: inability to grow our client base and revenue because of the number of competitors and the variety of sources of competition we face; client attrition; inability to offer services that are superior and cost effective when compared to the services being offered by our competitors; inability to further identify, develop and achieve success for new products, services and technologies; increased competition and its effect on pricing, spending, third-party relationships and revenues; as well as the inability to enter into successful strategic relationships and other risks detailed from time to time in filings with the Securities and Exchange Commission.

Contact:
Gary Damiano
Workstream Inc.
Tel: 650-340-4076
gary.damiano@workstreaminc.com