Tampa, Fla. – (October 17, 2003) – Lovett Miller & Co. is pleased to announce that its portfolio company, Employease Inc., the leading provider of on-demand HR and benefits administration solutions, was selected by Forbes Magazine for its 'Best of the Web' award in the Human Resources category. Employease was also chosen as Forbes 'Best of the Web' in 2001.
According to the report, "HR Web-based applications have moved beyond managing administrative tasks like payroll and benefits administration. Now they assist with more strategic processes like compensation
planning and performance management. And they're moving into business process outsourcing, eyeing everything from benefits enrollment to recruiting."
"It's an honor to be chosen for the prestigious 'Best of the Web' award by Forbes," said Phil Fauver, chief executive officer of Employease. "The award is part of broader momentum and adoption of our solutions in the marketplace, as the close of the third quarter marks our 24th consecutive quarter of revenue growth. We look forward to continuing to provide organizations with the power to choose the right blend of software and services to exceed their HR and benefits administration needs."
The company's applications include applicant tracking, analytical reporting, benefits administration, employee self-service, open enrollment, manager self service, performance management, leave management, and connectivity to internal systems, benefit providers and other service providers. Employease outsourcing solutions include call center, carrier billing, invoice reconciliation, enrollment support, and fulfillment services.
About Lovett Miller & Co.
Lovett Miller & Co., co-headquartered in Jacksonville and Tampa, Florida, provides growth capital and shareholder liquidity for rapidly growing, privately held companies throughout the United States with a particular emphasis on technology-enhanced service companies and healthcare firms. The Firm invests in a range of financings including (1) growth capital, (2) minority shareholder liquidity transactions, and (3) growth buyouts. Lovett Miller & Co. typically invests $5 to $15 million in equity per company, although it is willing to consider both smaller and larger equity investments. For more information, visit www.lovettmiller.com.
Employease(R), Inc. (http://www.employease.com) is the leading on-demand HR and benefit administration
solution. More than 1,000 organizations use Employease to reduce administrative costs, improve employee
service and increase HR value without the costs, risks, and limitations of traditional HR or benefits software. The company is working to inspire Human Resource managers to play a broader, more important
role in the success of their organizations. The company also helps Human Resource managers inspire
their own human resources - the employees and managers who make their company successful.