NetDimensions : The HR trend is your friend says Panmure Gordon Analyst

Panmure Gordon Analyst George O’Connor said this morning about Net Dimensions (LON:NETD) “In its review of the disruptive HR technology trends for 2016 industry analysts Bersin conclude that “performance management” is set to become the hottest and most disruptive area in HR. The analysts add that more than 60% of major companies have either redesigned or are redesigning their performance management process. There is a positive read across to NetDimensions and its new Performance Management module. Also the analysts opine that the traditional HR IT vendors “Oracle, Workday and SuccessFactors (SAP) are going to have to invest in R&D. All three have gaps that are being filled by start-ups.” Also Bersin advises CIOs that “this is the year to be innovative. The talent management market is moving faster than the big technology vendors, and it’s okay to try new things.” We believe that the rush of positive news from NetDimensions over the past two years is likely due to its laser focus on high consequence target customers, its strong product, engineering culture and an increasingly favourable adoption backdrop for SaaS-based HCM and Talent Management solutions. We also highlight the very attractive NetDimensions valuation – on an FY1 EV/Sales basis its 1.4x compares to the competitive pack on 3.9x.”

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