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Talx The Talk Of HR Software; Firm Parlays Acquisitions, Subscriptions Into Gains.(THE IBD 100)

Investor's Business Daily

| August 01, 2005 | COPYRIGHT 2005 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Jonah Keri

Software companies of every stripe, from Oracle on down to the smallest niche player, have searched for ways to boost revenue. Talx was one such company that thought it could do more than sell a piece of software to a customer, then say goodbye.

That's why it added a subscription model to its business. Talx met with clients such as Wal-Mart Stores and Home Depot for ideas. That paved the way for Talx to start an HR subscription program called The Work Number, which lets companies streamline clerical tasks so HR professionals can focus on staff development and employee retention. The Work Number now accounts for more than one-third of Talx's business.

Talx has expanded its reach through acquisitions in the last few years. In 2002, Talx paid $125 million for a pair of outsourcing firms, in the process adding a combined client ...

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