Post Chronology

July 2024

InFullBloom Archives


Speaking Engagements

Predict and Prepare sponsored by Workday 12/16

The Bill Kutik Radio Show® #171, 2/15
The Bill Kutik Radio Show® #160, 8/14
The Bill Kutik Radio Show® #145, 1/14
Workday Predict and Prepare Webinar, 12/10/2013
The Bill Kutik Radio Show® #134, 8/13
CXOTalk: Naomi Bloom, Nenshad Bardoliwalla, and Michael Krigsman, 3/15/2013
Drive Thru HR, 12/17/12
The Bill Kutik Radio Show® #110, 8/12
Webinar Sponsored by Workday: "Follow the Yellow Brick Road to Business Value," 5/3/12 Audio/Whitepaper
Webinar Sponsored by Workday: "Predict and Prepare," 12/7/11
HR Happy Hour - Episode 118 - 'Work and the Future of Work', 9/23/11
The Bill Kutik Radio Show® #87, 9/11
Keynote, Connections Ultimate Partner Forum, 3/9-12/11
"Convergence in Bloom" Webcast and accompanying white paper, sponsored by ADP, 9/21/10
The Bill Kutik Radio Show® #63, 9/10
Keynote for Workforce Management's first ever virtual HR technology conference, 6/8/10
Knowledge Infusion Webinar, 6/3/10
Webinar Sponsored by Workday: "Predict and Prepare," 12/8/09
Webinar Sponsored by Workday: "Preparing to Lead the Recovery," 11/19/09 Audio/Powerpoint
"Enterprise unplugged: Riffing on failure and performance," a Michael Krigsman podcast 11/9/09
The Bill Kutik Radio Show® #39, 10/09
Workday SOR Webinar, 8/25/09
The Bill Kutik Radio Show® #15, 10/08

Keynote, HR Tech Europe, Amsterdam, 10/25-26/12
Master Panel, HR Technology, Chicago, 10/9/012
Keynote, Workforce Magazine HR Tech Week, 6/6/12
Webcast Sponsored by Workday: "Building a Solid Business Case for HR Technology Change," 5/31/12
Keynote, Saba Global Summit, Miami, 3/19-22/12
Workday Rising, Las Vegas, 10/24-27/11
HR Technology, Las Vegas 10/3-5/11
HR Florida, Orlando 8/29-31/11
Boussias Communications HR Effectiveness Forum, Athens, Greece 6/16-17/11
HR Demo Show, Las Vegas 5/24-26/11
Workday Rising, 10/11/10
HRO Summit, 10/22/09
HR Technology, Keynote and Panel, 10/2/09

Adventures of Bloom & Wallace

a work in progress

M&A Observations: Whither Goest Genesys?

Late-breaking news.  Genesys’ buyer is PeopleStrategy, the current owner of Integral Systems (which was Dave Duffield’s predecessor company to PeopleSoft, so we’re going back here to the mid-80’s for it’s heyday).  PeopleStrategy is led by Randy Cooper, who also led the buy of Genesys for  Randy is very experienced with that generation of HRMS, having previously acquired Tesseract for Empagio, and it may well be that his latest of the late adopter installed base will be well-served by this aggregation of older HRMS brands.  Never a dull moment at the intersection of HRM and IT.

Run For The Exits

It was announced yesterday that had completed the divestiture of the Genesys business for $2.5 million.  They had bought this business at the tail end of 2008 for a damn sight more at what were then considered fire sale prices from the former owners of Genesys, primarily Larry Munini, who was also the founder and CEO of that Snowdon of Yesteryear.   

Many of us thought Kent Plunkett had made a strange tactical move when he bought the former Genesys, but his strategic vision of delivering an entirely integrated system of record and talent management suite wasn’t at all strange.  As you all know, that’s a part of the HCM product strategy of everyone from Workday (from the SaaS ERP community) to SuccessFactors/Softscape/SilkRoad (from the talent management community) to Lawson/Oracle/PeopleSoft/SAP (from the legacy ERP community). 

The most interesting aspect of this second fire sale of a long-since depreciated asset is that the buyer has insisted upon anonymity.  Since every customer will learn at some point who their new vendor is, and then we’ll all know, one has to wonder at what type of buyer would need such secrecy.  Is it Larry Munini coming out of retirement under cover of darkness?  Is it Vista Partners buying this thing to fold quietly into their well-run Accero/Cyborg?  Is it some Indian firm hoping they can reverse engineer the beast over the weekend and make it part of their US middle market BPO platform?   

Genesys is so traditional a US payroll, and not a payroll engine, that it’s hard to see its buyer thinking otherwise, but then there’s one born every minute.  And clearly the folks at who did the deal to buy Genesys underestimated mightily what it would take to derive value from this asset while overestimating their ability to do so. 

If I were a Genesys customer, I’d be running for the exits.  But then these folks should have done so years ago.  If I were Lawson, I’d be doing a targeted campaign if Genesys is still serving any healthcare customers as they once did many.  Can’t wait for the next chapter to the Genesys saga. 

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