InVision AG

Regulatory Filings • Mar 7, 2008

News Details

Corporate | 7 March 2008 11:49

InVision Software Wins German Innovations Award for Best HR Solution

InVision Software AG / Miscellaneous/Miscellaneous

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Ratingen (Germany), 7th March 2008 – InVision Software, a leading
international provider of enterprise-wide workforce management solutions,
has received the human resources ‘Innovationspreis 2008’ award sponsored by
Initiative Mittelstand, the German Association for Small and Medium-sized
Business. With its software solution, InVision Enterprise WFM, the
Germany-based IT company successfully saw off the challenge of almost 50
other companies in the human resources category. In total, more than 1,600
companies took part in this year’s competition. The ‘Innovationspreis’ has
been presented every year since 2004 at the Hanover CeBIT exhibition, the
world’s largest trade fair for IT and telecommunications. The prize
acknowledges innovative IT and communication products for small and
medium-sized enterprises (SMEs).

The independent jury, consisting of professors, industry experts and
business journalists, singled out the following strengths as the reasons
why InVision’s software was best product in the HR category: its high
degree of innovativeness, its cost-performance ratio and its suitability
for SMEs. With InVision Enterprise WFM, small firms, medium-sized companies
and big corporations are able to optimise their staff planning system and
thus reduce labour costs, increase productivity, improve employee
satisfaction and boost revenue by leveraging better customer service.

'We are proud to receive the ‘Innovationspreis 2008’. This mark of
recognition confirms our previous successes and is a strong motivation for
us to continuously add to our solution and to offer its benefits to all
kinds of businesses,' commented Peter Bollenbeck, CEO of InVision Software.
Although many companies are familiar with software such as ERP, CRM or HR
management for optimising different operational processes, they often
resort to pen-and-paper or simple systems such as spreadsheets or ad-hoc,
unintegrated time and attendance solutions when it comes to staff
scheduling. The consequences are often detrimental and can include
expensive overtime payments, unproductive idle time, high rates of staff
turnover, poor customer service and untapped revenue potential. This is
where workforce management comes into play: By optimising, standardising
and automating staff planning, InVision Enterprise WFM helps to assign
employees to tasks according to real requirements. Workforce management can
be put into practice in nearly any department within a company and leads to
tangible benefits as well as to a clear return on investment.

Under the patronage of Dr. Andreas Pinkwart, Minister of Innovation from
the federal state of North Rhine-Westphalia, a total of 33 category winners
and 16 winners from Germany’s different federal states were awarded the
‘Innovationspreis 2008’. At the award ceremony that took place yesterday at
the CeBIT stand of the state of Baden-Wuerttemberg the jury also presented
two participants from Switzerland and Austria with special awards.

About InVision:
InVision Software is a world-leading supplier of enterprise-wide workforce
management solutions which enable companies to optimise their staff
planning and scheduling processes. InVision empowers customers to reduce
personnel costs, increase productivity, improve employee satisfaction and
to boost revenue by leveraging better customer service. Founded in 1995 and
based in Ratingen (Germany), InVision currently employs more than 175 WFM
specialists and has offices across Europe, North America, and South Africa.
Since June 18th, 2007, InVision Software AG (IVX) has been listed in the
Prime Standard Segment of the Frankfurt Stock Exchange. Among InVision's
clients are numerous international blue chip companies, such as ABN Amro,
Allianz, BMW, Deutsche Telekom, IKEA, Sky and Vodafone.
Further information at: www.invisionwfm.com

Contact:
Jutta Kropp
Head of Corporate Communications
InVision Software AG
Halskestrasse 38
D-40880 Ratingen (Germany)
phone: +49(0)2102-728-252
fax: +49(0)2102-728-111
email: pr@invision.de

07.03.2008 Financial News transmitted by DGAP

Language: English
Issuer: InVision Software AG
Halskestraße 38
40880 Ratingen
Deutschland
Phone: +49 (0)2102 / 728-0
Fax: +49 (0)2102 / 728-111
E-mail: info@invision.de
Internet: www.invision.de
ISIN: DE0005859698
WKN: 585969
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Düsseldorf, München, Stuttgart

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