StepStone Is Number One Provider Of Choice In The Telco Sector Deuts

STEPSTONE IS NUMBER ONE PROVIDER OF CHOICE IN THE TELCO SECTOR DEUTSCHE TELEKOM AG, TELEFONICA, S.A AND MTS SELECT STEPSTONE AS THEIR PREFERRED TALENT MANAGEMENT PROVIDER

MarketWatch

Aug. 13, 2008

LONDON, Aug 13, 2008 (BUSINESS WIRE) — StepStone (OSE:STP), the
leading global provider of Total Talent solutions, today announced
three major new contracts in the telecommunications sector.

Deutsche Telekom AG, one of the world’s leading innovators in the
IT and telecoms sector, Telefonica, S.A., the world’s number three
telecoms provider, and MTS, the biggest mobile telecommunications
provider in Russia and the CIS, have selected StepStone’s total talent
solutions to help them manage recruitment and talent at a global level.

The new customers join a growing number of high-profile
telecommunication providers who manage their talent resources with
StepStone’s Total Talent Solutions, including Vodafone, O2, Mobistar,
Base, AT&T, Cable & Wireless, T-Mobile NL and Versatel.

Deutsche Telekom has 242,000 employees and operations in some 50
countries. It has selected StepStone to manage its talent globally,
making it the latest DAX 30 listed company to implement StepStone’s
talent management solution.

Telefonica has over 240,000 employees, revenues of EUR 57bn and serves
over 230 million customers in 24 countries. Telefonica has purchased
the full integrated StepStone Talent Suite, and is running a pilot
of the solution with 600 employees.

MTS boasts over 83 million subscribers throughout Russia, Armenia,
Belarus, Turkmenistan, Ukraine, and Uzbekistan, where it is licensed to
provide GSM services, have a total population of more than 230 million.

Colin Tenwick, CEO of StepStone commented: "StepStone has a long
established presence in the aviation, automotive and utilities sectors;
and it is very encouraging to see our capabilities so enthusiastically
adopted by some of the world’s leading telcos. Our portfolio of
software-as-a-service solutions, managed services, and our commitment
to exceeding our customers’ needs are among the many reasons that
StepStone has built such a strong presence in this demanding sector.

About StepStone StepStone was founded in Norway in 1996 and
pioneered the development of online recruitment. Today, StepStone
is a leading global provider of Total Talent Solutions, ranging
from careers websites to on-demand software for e-recruitment and
talent management. StepStone’s portfolio of Total Talent Solutions
ranges from recruitment through on-boarding, training, career and
succession planning, performance management and more. In addition,
StepStone is Europe’s number two operator of careers websites (based
on ComScore data). Covering 13 European countries, its portfolio of
online properties allows recruiters to source candidates quickly and
effectively through individually focused campaigns.

Thousands of organisations, including Amey, Aviva, AXA BMW, British
Airways, Fiat, Royal Bank of Scotland and Xerox use StepStone’s
products and services to help them find, recruit, retain and develop
qualified staff globally. StepStone is the only European-headquartered
vendor to be recognised as a ‘leader’ by Gartner, Inc’s "Magic Quadrant
for E-Recruitment Software, 2008" report and has also been awarded
the highest rating for Employee Performance Software by Bersin and
Associates.

www.stepstone.com