Simply Managing Workforce Information
Search
About UsServicesPayroll and HR StrategiesResourcesNews and EventsInvestor RelationsCorporate Governance
  News and Events

   News Releases

   Articles

   eSeminars

   Events

   Recognition and
    Awards

News Release
Back
More Than 300 Clients Expand Their Relationship with TALX in Last 12 Months, Resulting in Additional $9 Million Annualized Contract Value
TALX successfully executes on its cross sell strategy to offer more TALX services to existing clients

ST. LOUIS, Apr 21, 2003 (BUSINESS WIRE) -- TALX Corporation (Nasdaq:TALX), a leading business process outsourcer (BPO) of human resources and payroll services, announced today that during its fiscal year ended March 31, 2003, more than 300 clients contracted for additional complementary TALX services amounting to approximately $9 million in annualized revenue. These new service additions were spread across the complete line of TALX services with clients choosing additional services from each major service area offered by TALX.

"We are delighted to see so many of our clients take advantage of additional TALX services to help them reach their goals to reduce operating costs," commented Bill Canfield, president and CEO of TALX. "All of our services are centered on employers' payroll and human resources data. By turning to TALX for several of these services, clients can realize significant cost savings within their HR and payroll departments while limiting the complications of multiple vendor relationships. Plus, clients quickly see the value of each individual TALX service as they build their relationship with us."

While many clients signed up for the market-leading services that TALX is most know for - The Work Number(R) automated employment and income verification services and UC eXpress(SM) unemployment cost management services, TALX also obtained new contracts in Employer Tax Services as well as its paperless payroll services, which includes electronic payroll, W-2 services and FasTime(R) electronic time reporting.

"One of the main strategies for our acquisitions was to offer clients, already under contract for one of our services, additional services that would result in even more value for our clients," continued Canfield. "Over the last 12 months, these cross-selling efforts yielded approximately $9 million in additional revenue, exceeding our $8 million target."

TALX services are categorized as business process outsourcing, and the human resources/payroll outsourcing segment is the fastest growing BPO segment. According to Dataquest, a division of Gartner, the U.S. human resources outsourcing market is expected to grow into a $ 58.5 billion industry by 2005, up from $21.7 billion in 2000.

About TALX

TALX Corporation is a leading business process outsourcer of human resources and payroll services. TALX holds a leadership position in two key employment-related services - automated employment and income verification services via The Work Number(R) services, and unemployment cost management services via UC eXpress(SM). TALX also provides paperless payroll services, W-2 services, automated benefits enrollment and automated time entry services. Based in St. Louis, Missouri, TALX empowers uses to complete transactions independently using available multimedia including Web, interactive voice response, speech recognition, fax and e-mail. TALX Corporation common stock trades on the NASDAQ Stock Market under the symbol TALX. For more information about TALX Corporation, call 314-214-7000 or visit the company's Web site at www.talx.com.

Statements in this press release expressing the expectations of management may be forward-looking and involve uncertainties. TALX risk factors are detailed in documents filed with the Securities and Exchange Commission.

TALX Corporation, St. Louis Laura Browder, 314/214-7224 lbrowder@talx.com www.talx.com

Copyright © 2007 TALX. All Rights Reserved.