Halogen Software Named to the 2014 PROFIT 500

Revenue growth over the last five years lands Talent Management leader on the PROFIT 500 list of Canada’s Fastest-Growing Companies

Ottawa, ON – July 2, 2014 — Canadian Business and PROFIT have named Halogen Software (TSX: HGN) to the 26th annual PROFIT 500. Published in the July issue of Canadian Business and online at PROFITguide.com, the PROFIT 500 is the definitive ranking of Canada’s Fastest-Growing Companies by five-year revenue growth.

“The members of the PROFIT 500 are the elite of the country’s entrepreneurial community,” says James Cowan, Editor-in-Chief of Canadian Business and PROFIT. “Their stories are lessons in business strategy, innovation, management excellence and sheer tenacity.”

Halogen Software made the PROFIT 500 list based on revenue growth of 149 percent over the past five years. The company’s growth is driven by its established reputation for customer satisfaction with its organically built talent management suite, as well as global market demand for talent management solutions. According to Gartner, talent management software represented a $3.3 billion opportunity last year alone, with a largely untapped opportunity emerging from domestic/regional midsize and global midsize organizations.1 Halogen has seen strong uptake of these solutions worldwide among its target market — mid-market enterprises — and estimates the total addressable market opportunity in this sector to be $15 billion USD.

“We are very pleased to be recognized as one of Canada’s most successful growth companies,” says Paul Loucks, President and CEO of Halogen Software. “It’s a testament to the strength of our go-to-market strategy in helping mid-market companies build world-class workforces, deliver better business results and establish talent as a lasting competitive advantage.”

About PROFIT and PROFITguide.com

PROFIT: Your Guide to Business Success is Canada’s preeminent media brand dedicated to the management issues and opportunities facing small and mid-sized businesses. For 32 years, Canadian entrepreneurs across a vast array of economic sectors have remained loyal to PROFIT because it’s a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at PROFITguide.com.

About Canadian Business

Founded in 1928, Canadian Business is the longest-serving, best-selling and most-trusted business publication in the country. With a readership of more than 800,000, it is the country's premier media brand for executives and senior business leaders. It fuels the success of Canada's business elite with a focus on the things that matter most: leadership, innovation, business strategy and management tactics. Canadian Business provides concrete examples of business achievement, thought-provoking analysis and compelling storytelling, all in an elegant package with bold graphics and great photography. Canadian Business—what leadership looks like.

About Halogen Software

Halogen Software (TSX: HGN) offers an organically built cloud-based talent management suite that reinforces and drives higher employee performance across all talent programs – whether that is recruiting, performance management, learning and development, succession planning or compensation. With 2,000 customers worldwide, Halogen Software has been recognized as a market leader by major business analysts and has garnered the highest customer satisfaction ratings in the industry. Halogen Software’s powerful, yet simple-to-use solutions, which also include industry-vertical editions, are used by organizations that want to build a world-class workforce that is aligned, inspired and focused on delivering exceptional results. For more information, visit: http://www.halogensoftware.com. Subscribe to Halogen Software's Exploring Talent Management blog: http://www.halogensoftware.com/blog/ or follow Halogen Software on Twitter: http://twitter.com/HalogenSoftware.

For More Information:
Melany Gallant
Manager, Public Relations
Halogen Software
613-270-1011 x 4338

1 Cited in Halogen’s Initial Public Offering Prospectus: Gartner, Inc., Competitive Landscape: New Opportunities and Imperatives Share the Talent Management Software Market, 8 February 2013.