Hire.com Posts Worldwide Customer Gains In Financial Services, Insurance; HireEnterprise 8 Continues to Expand as Solution of Choice For Dynamic Growth Markets

Business Wire, August 23, 2004

AUSTIN, Texas -- Hire.com (www.hire.com) the leader in Global Enterprise Recruiting solutions, today announced the addition of First Banks, Inc., GlobeOp Financial Services, Irish Life and Permanent plc, and Novare Recruitment, a wholly owned subsidiary of Investor AB, to its international client roster, underscoring the company's growing dominance in the worldwide financial services and insurance markets.

These new customers join the ranks of many of the world's leading financial services and insurance firms, including Prudential, Charles Schwab and CNA, who have turned to Hire.com's HireEnterprise 8 to accelerate recruitment and hiring while reducing the time and costs historically associated with keeping companies staffed with the best their markets have to offer.

"Both insurance and financial services require highly specialized talent which translates into a very competitive hiring environment," said Larry Orecklin, Hire.com chief executive officer. "We are gratified that leading companies here and abroad continue to recognize Hire.com as the only solution provider truly capable of providing a competitive edge in their distinct recruitment and hiring practices," said Orecklin.

Leading U.S. Financial Firms Adopt HireEnterprise 8

Holding more than $7B in assets, First Banks, Inc. (www.firstbanks.com) serves customers at more than 150 branches in Missouri, California, Illinois and Texas, with headquarters in St. Louis. The privately owned institution, currently with more than 2,200 employees, selected HireEnterprise 8 to continue to build a high level of recruitment and hiring quality throughout their multi-state network.

"Positive growth projections called for an update of our human resource systems to enable identifying and hiring the best candidates in the many communities in which we do business," said Yvonne Tedder, First Bank assistant vice president of staffing. "Hire.com simply offered us the best, most efficient end-to-end solution of the companies we evaluated."

GlobeOp Financial Services (www.globeop.com), headquartered in New York and London, specializes in automated middle- and back-office support services and fund administration for hedge funds, fund managers and high net worth family wealth managers. Supporting both U.S. and European recruiting and hiring, HireEnterprise 8 will be an instrumental solution addressing GlobeOp's aggressive growth plans.

Expanding European Customer Base

Ireland's leading financial services provider, Irish Life and Permanent plc (www.irishlifepermanent.ie/) processes more than 20,000 resumes annually to meet its recruitment requirements of approximately 1,000 positions. With HireEnterprise 8, the company expects to reduce recruitment time by as much as 50 percent, while significantly reducing the cost of resume processing.

Novare Recruitment (www.novare.se), based in Sweden, has deployed HireEnterprise 8 to streamline the recruiting of premium candidates for companies within its parent company, Investor AB, whose holdings include AstraZeneca, Electrolux, Ericsson, and Saab AB.

StepStone ASA, Hire.com's European distribution partner, will service both Novare Recruitment and Irish Life and Permanent plc contracts.

HireEnterprise 8

Introduced earlier this year, HireEnterprise 8 continues to attract many of the world's most innovative companies determined to meet the challenges of today's dynamically evolving staffing issues. With an intuitive user interface and built-in measurement tools to monitor and adjust recruiting activities, HireEnterprise 8 enables organizations to make superior hiring decisions and significantly increase business productivity.

About Hire.com

Hire.com is a leading provider of Global Enterprise Recruiting solutions that enables businesses worldwide to hire and retain top-quality talent faster than any other solution in the market. Global 2000 companies, including BP, Roche Diagnostics, Prudential, Reuters, Kaiser and SITA, have invested in Hire.com's unique modular system to achieve competitive advantage today and to prepare for their future talent management needs. HireEnterprise is a two-time award-winning product as named by HR Executive Magazine's Top 10 HR products of the year. Customers named Hire.com, "Best in Customer Service" in Electronic Recruiting Exchange (ERE)'s 2002 and 2003 Annual Industry Surveys. More information on Hire.com and its proven solutions can be found on the Hire.com Web site at www.hire.com or by calling 800-953-HIRE (953-4473).