January 22, 2003 - Cambridge, Mass. - Eliyon Technologies (www.eliyon.com) today announced that three additional Fortune 500 firms have joined its client roster. The company's newest clients have subscribed to Eliyon's rapidly growing database containing profiles of executives, managers and other professionals. They will use the company's service as a foundation for their recruiting and staffing efforts. Eliyon's database currently contains information on more than 11 million professionals, with 15,000 new profiles added daily.
Eliyon's newest clients are: Avon Products, Inc. (NYSE: AVP) of New York, New York, Abbott Laboratories (NYSE: ABT) of Abbott Park, Illinois and Pitney Bowes Inc. (NYSE: PBI) of Stamford, Connecticut. In the 12 months since Eliyon launched its service, over 100 companies have subscribed, of which 22 are Fortune 500 firms.
Many of Eliyon's clients already use resume databases from Monster, HotJobs, CareerBuilder and other providers. However, these databases contain information on active candidates seeking entry- and mid-level positions. In contrast, Eliyon provides extensive coverage of mid- and executive-level candidates who likely aren't listed in resume databases. According to industry statistics, only 14 percent of business professionals are actively searching for a new position at any moment. Eliyon's service provides access to the much larger field of "hidden", or passive, candidates, i.e. the 86 percent of professionals who aren't actively searching for new positions.
Eliyon counts many Fortune 500 companies, including Microsoft, AOL Time Warner, IBM and Staples, among its customers, as well as numerous smaller firms. They use Eliyon's service to support their recruiting efforts, as well as for sales prospecting, competitive research and more. The service reduces recruiting costs by helping in-house recruiting staff take on many of the search projects they had previously outsourced.
Eliyon's technology continually scans millions of individual Web sites, press releases, electronic news services, SEC filings and other online sources. From this material, it automatically extracts biographical and other data on business professionals. Data found on individuals already in Eliyon's database updates and supplements its existing profiles. Eliyon automatically creates new profiles as it identifies new professionals for inclusion.
Eliyon users in turn search for candidates using a number of diverse criteria, such as their titles and education, as well as the size, nature and location of the firms for which they've worked. Users can also search for candidates from a specific company, enabling them to target professionals working for competitors.
With $6.0 billion in annual revenues, Avon Products is the world's leading direct seller of beauty and related products. Abbott Laboratories is a 70,000-person, global health care company devoted to the discovery, development, manufacture and marketing of pharmaceuticals, nutritionals and medical products. Pitney Bowes is a $4.1 billion global provider of integrated mail and document management solutions.
"Eliyon's selection by so many corporate recruiters in top firms is a tremendous validation of our service," said Jonathan Stern, Eliyon's President and CEO. "Leading companies must continually recruit the best talent to remain out front. And to do that, they need to take advantage of the most effective tools available."
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