Mr. Mullarkey: Workstream is focused on the on-demand talent management software industry. We assist Fortune 2000 corporations, manage their employees through transition, hiring and for performance-based pay. Our typical industry focus is in health care, financial services, retail and technology. We also have a segment of our business that focuses on government services. The competitive landscape that we participate in is a growing marketplace for on-demand or cloud computing services. The company has been around for approximately 10 years.
TWST: What do you believe will be the significant trends, developments or changes in your sector over the next three to five years?
Mr. Mullarkey: There are really two segments. One is there is growth in what most people would consider cloud computing or virtualization technology, as related how corporations manage their server infrastructure, architecture and deployment of applications. The second part would be software management products and services that focus around the employee base. As companies have moved from an industrial revolution to a service-based economy, and now from a service-based economy to the new knowledge-based economy, or knowledge-based workers, the ability to move people fluently throughout an organization using technology to profile top performers, compensate them appropriately, while offering the right amount of transparency to corporate governance, audit committees, etc., is really the trend of where corporations are going. Virtualization and maximizing the benefits of existing architecture and infrastructure a corporation has, using the internet and using virtualization or cloud computing will allow companies to take their existing systems that they have and, along with Workstream, leverage those applications by Workstream's software extracting data, put it into a useable format so that people across corporations can use that to build business models, and stretch their resources and build out their businesses. Those are the trends that I see happening over the next three to five years.
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