NEW YORK--(BUSINESS WIRE)--Aug. 20, 2002--nextSource Inc. - a
wholly owned subsidiary of Formula Systems (1985) LTD (NASDAQ: FORTY - News),
and a leading provider of human capital management solutions - today
announced the availability of The People Blue Book(TM), an online
staffing industry source book.
President/CEO Joseph Musacchio says, "Our People Blue Book offers
customers an all-points-solution, designed as a consolidated
alternative to the use of the individual point solutions that
currently exist in the marketplace."
The newest addition to The People Blue Book is The People
Ticker(TM), a dynamic interactive database in which users may search
current market rate and salary data specific to an individual's
industry, experience, geographic region, and skill-set. As part of The
People Ticker, a "streaming" application sits on users' desktops,
refreshing every 15 minutes with the most recent rates and salaries
from all over the country, as selected by the user.
Says John Sculley, Chairman of the nextSource Advisory Board,
"This is the first tool of its type providing real-time access to both
full-time salary and temporary/consultant rate data. I'm very excited
about their technology and their product."
To supplement The People Ticker, users are also presented with the
nextSource Talent Acquisition Management Solution(TM) (TAMS) software,
an impressive resource for companies looking to automate and
streamline their staffing and vendor management processes, the
Multiple Listing Staffing Association(TM) (MLSA), an online network of
agencies similar to the Real-Estate industry's Multiple Listing
Service, and a host of related Human Resource and Procurement Services
designed to reduce associated staffing costs.
For more information The People Blue Book, please check out
www.nextsource.com or email your inquiry to info@nextsource.com.
About nextSource
nextSource, headquartered in New York City is a subsidiary of
Formula Systems LTD. The company designs, develops and implements
web-based, high quality, innovative Human Capital Management
Solutions. Through The People Blue Book, these offerings allow
customers to manage the business processes of job posting and
fulfillment, vendor selection, evaluation, and management; accrual of
spend; MWDVBE compliance; skill set and market-rate benchmarking. An
Oracle and Microsoft Certified Partner, nextSource has patents pending
on both its Talent Acquisition Management Solution (TAMS) and The
People Ticker.
Founded in 1985, Formula Systems (1985) LTD (NASDAQ: FORTY - News) is an
international Information Technology company, principally engaged
through its subsidiaries and affiliates, in providing proprietary
software products, computer based solutions and software consulting
services.
Contact:
nextSource Inc., New York
Ed Remus, 212/736-5870
eremus@nextsource.com
Kate Rudgers, 212/736-5870
krudgers@nextsource.com
