Released on = January 30, 2007, 1:27 pm

Press Release Author = Halogen Software

Industry = Financial

Press Release Summary = New offering designed to meet compliance and security needs
of sector, drive cost savings and process efficiency

Press Release Body = For Immediate Release

Halogen Employee Performance and Talent Management Suite for Financial Services
Addresses Industry-Specific Challenges

New offering designed to meet compliance and security needs of sector, drive cost
savings and process efficiency

OTTAWA - January 30, 2007- Halogen Software Inc., the leading provider of Web-based
employee performance and talent management software today announced the release of
the Halogen Employee Performance and Talent Management Suite for Financial Services
T. This new offering was based on Halogen\'s experience working with close to 100
financial organizations worldwide. Built to address industry-specific challenges
including regulatory compliance, difficulty implementing cultural shifts, the
distributed nature of employees and the high turnover in customer-facing roles, the
suite enables organizations to more effectively manage their talent to create
significant cost savings and greater efficiency.

\"Halogen\'s offering has enabled East West Bank to streamline our employee
performance management initiatives saving us valuable time,\" said Tess Hemedez,
Human Resources. East West Bank is the second largest independent commercial bank
headquartered in Los Angeles. East West Bank serves the community with 58 branch
locations across Southern and Northern California, one branch location in Houston,
Texas and a Beijing Representative Office in China. \"Their new solution designed
specifically for the financial services sector addresses the critical issues faced
by HR teams across the market. We are looking forward to taking full advantage of
these new capabilities, especially the competency libraries and features that will
help us support regulatory compliance.\"

The suite which includes the flagship eAppraisal for Financial Services as well as
Halogen eSuccession, Halogen eCompensation and Halogen e360 provides HR leaders,
compliance officers and even C-level executives with an easy to use, practical and
affordable means to deliver employee appraisals, assessments, compensation
adjustments and succession plans. The system also provides executive dashboards to
help track corporate and individual goals and other important performance metrics.


Employees working in the financial services industry require very specific skills,
knowledge and behaviors, which Halogen eAppraisal for Financial Services supports
with a specialized library of competencies. \"By developing a distinct competency
library that addresses specific banking, insurance and wealth management functions,
organizations can evaluate, measure and manage competencies that are directly
relevant to their business," said Lisa Rowan, Program Manager, HR and Talent
Management Services, at IDC.

Addressing Compliance for Financial Services Organizations
Financial services organizations are increasingly subject to internal, federal and
state compliance regulations and HR departments are often responsible for managing
audits and investigations or requests from numerous regulatory bodies. Halogen
Employee Performance and Talent Management Suite for Financial Services enables HR
to be successful by playing a key role in achieving compliance, by ensuring that
compliance expectations are communicated to, understood by and adhered to by all
employees. Additionally, goal alignment and management features in the suite for
financial services increase overall accountability to shareholders while supporting
compliance requirements by reinforcing the critical nature that day-to-day
activities play in reducing the risk of non-compliance to state and federal
regulations.

Flexible Deployment
Halogen offers financial services customers a range of flexible deployment options
to best suit the implementation, pricing and data security requirements of each
organization. Halogen offers perpetual licensing and on-demand/SaaS options as well
as the company\'s on-premise or hosted deployment package. On-premise deployment
enables organizations to deploy the solution within their firewall to alleviate
common security concerns with hosted offerings. However, customers can still take
advantage of the benefits of a subscription-based fee structure if it suits their
situation better.

About Halogen Software
With nearly 1000 customers worldwide, Halogen Software Inc. has established itself
as the leading provider of employee performance and talent management solutions.
Halogen offers powerful, easy-to-use, and affordable Web-based software that
dramatically improves HR and line-manager productivity.

The company\'s award winning suite provides organizations with everything they need
to develop and retain a high performance workforce: Halogen eAppraisalT, makes it
quick and simple to deliver professional employee appraisals that align with
organization goals and helps drive bottom line success. Halogen eCompensationT
automates the entire compensation adjustment process including budget distribution
and approval. Halogen eSuccessionT makes it simple and affordable to get a best
practices succession planning program underway - right away. And Halogen e360T
automates and simplifies formal 360-degree feedback procedures and offers
sophisticated performance reporting.

Industry specific suites are provided for Healthcare and Financial Services.
Halogen eAppraisal HealthcareT, exclusively endorsed by the American Hospital
Association, helps healthcare organizations produce meaningful appraisals on time
and allows them to always be in a \"ready state\" for accreditation surveyors from
JCAHO®, OSHA, ACHA, and others. Halogen eAppraisal for Financial ServicesT helps
financial services organizations reduce the risk of non-compliance and ships with a
comprehensive library of industry specific competencies and authoring aids.

Visit us online today: http://www.halogensoftware.com



Media contacts
Donna Ronayne
VP, Marketing & Business Development
Halogen Software
T: 613-270-1011 x 320
E: dronayne@halogensoftware.com

Web Site = http://www.halogensoftware.com

Contact Details = Steven Reid
495 March Road
Ottawa , K2K 3G1
$$country

613-270-1011-254
sreid@halogensoftware.com
http://www.halogensoftware.com