Insperity, Inc. (NYSE: NSP), a leading provider of human resources and business performance solutions for America’s best businesses, today announced a corporate milestone as its Software-as-a-Service (SaaS) businesses recently exceeded 100,000 seats.
“The growth of our SaaS businesses and resulting achievement of surpassing 100,000 seats clearly reflects Insperity’s continuing evolution as one of America’s top business solutions providers,” said Paul J. Sarvadi, Insperity chairman and chief executive officer. “In the last 12 months, we have experienced a 34 percent increase in SaaS seats, which demonstrates the strength of our products. We expect this rapid growth to continue.”
Insperity’s expansion in this business segment is a result of its aggressive new sales process combined with ongoing organic growth of the company’s existing customer base as businesses add seats. Insperity SaaS offerings include Time and Attendance, Expense Management and Performance Management.
Insperity TM TimeStar TM enables businesses to collect, analyze and take control of employees’ attendance and labor data – all online and in real time. Increasing accuracy and efficiency in time and attendance tracking translates to substantial cost savings, and collecting and analyzing this data in real time can create further advantages in job costing, PTO tracking and scheduling.Insperity TM ExpensAble ® automates and streamlines the expense report process, cutting costs, enforcing company travel policies and providing better visibility into expenditures. Complicated expense management becomes effortless, and companies save money on travel and entertainment expenses and enjoy lower expense report processing costs. The Insperity ExpensAble Corporate platform is designed for companies with 10 – 5,000 users. Intuitive and easy-to-use software from Insperity TM Performance Management helps managers and supervisors engage and manage employees toward achieving company success. Full-featured software helps with customized performance reviews, job descriptions, employee handbooks, company policies and more, in full compliance with industry regulations. Insperity plans to launch additional SaaS offerings soon, including Payroll Services and the industry’s leading organizational planning software, Insperity TM OrgPlus ®. Insperity, a trusted advisor to America’s best businesses for more than 26 years, provides an array of human resources and business solutions designed to help improve business performance. Insperity TM Business Performance Advisors offer the most comprehensive suite of products and services available in the marketplace. Insperity delivers administrative relief, better benefits, reduced liabilities and a systematic way to improve productivity through its premier Workforce Optimization™ solution. Additional company offerings include Human Capital Management, Payroll Services, Time and Attendance, Performance Management, Organizational Planning, Recruiting Services, Employment Screening, Financial Services, Expense Management, Retirement Services and Insurance Services. Insperity business performance solutions support more than 100,000 businesses with over 2 million employees. With 2011 revenues of $2 billion, Insperity operates in 56 offices throughout the United States. For more information, visit http://www.insperity.com. The statements contained herein that are not historical facts are forward-looking statements within the meaning of the federal securities laws (Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). You can identify such forward-looking statements by the words “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “likely,” “possibly,” “probably,” “goal,” “opportunity,” “objective,” “target,” “assume,” “outlook,” “guidance,” “predicts,” “appears,” “indicator” and similar expressions. Forward-looking statements involve a number of risks and uncertainties. In the normal course of business, Insperity, Inc., in an effort to help keep our stockholders and the public informed about our operations, may from time to time issue such forward-looking statements, either orally or in writing. Generally, these statements relate to business plans or strategies, projected or anticipated benefits or other consequences of such plans or strategies, or projections involving anticipated revenues, earnings, unit growth, profit per worksite employee, pricing, operating expenses or other aspects of operating results. We base the forward-looking statements on our expectations, estimates and projections at the time such statements are made. These statements are not guarantees of future performance and involve risks and uncertainties that we cannot predict. In addition, we have based many of these forward-looking statements on assumptions about future events that may prove to be inaccurate. Therefore, the actual results of the future events described in such forward-looking statements could differ materially from those stated in such forward-looking statements. Among the factors that could cause actual results to differ materially are: (i) continued effects of the economic recession and general economic conditions; (ii) regulatory and tax developments and possible adverse application of various federal, state and local regulations; (iii) the ability to secure competitive replacement contracts for health insurance and workers’ compensation contracts at expiration of current contracts; (iv) increases in health insurance costs and workers’ compensation rates and underlying claims trends, health care reform, financial solvency of workers’ compensation carriers, other insurers or financial institutions, state unemployment tax rates, liabilities for employee and client actions or payroll-related claims; (v) failure to manage growth of our operations and the effectiveness of our sales and marketing efforts; (vi) changes in the competitive environment in the PEO industry, including the entrance of new competitors and our ability to renew or replace client companies; (vii) our liability for worksite employee payroll, payroll taxes and benefits costs; (viii) our liability for disclosure of sensitive or private information; (ix) our ability to integrate or realize expected returns on our Adjacent Business strategy, including acquisitions; and (x) an adverse final judgment or settlement of claims against Insperity. These factors are discussed in further detail in Insperity’s filings with the U.S. Securities and Exchange Commission. Any of these factors, or a combination of such factors, could materially affect the results of our operations and whether forward-looking statements we make ultimately prove to be accurate. Except to the extent otherwise required by federal securities law, we do not undertake any obligation to update our forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of unanticipated events.