SAN FRANCISCO, October 28 /PRNewswire/ --

- Game-Changing Initiative has Potential to Revolutionize ATS Market

Seizing on the opportunity to help cash- and credit-strapped small and
midsized businesses, MrTed Ltd., a recognized leader in talent acquisition
solutions, today announced the beta availability of SmartRecruiters, a 100%
free applicant tracking system (ATS) for corporate recruiters and hiring
managers. Designed for businesses with as many as 2,500 employees,
SmartRecruiters is easy to use, works in two minutes, and runs every facet of
a recruiter's business. Recruiters and hiring managers can sign up for
SmartRecruiters today at http://www.smartrecruiters.com.

SmartRecruiters meets the needs of a new generation of Web savvy SMB
recruiters. Unlike their predecessors, SMB recruiters in 2008 are very
comfortable using online tools to find and recruit employee talent.
SmartRecruiters fits this mold-and breaks the mold of conventional ATS
products-by combining powerful functionality with ease-of-use.

"In providing a free solution for the masses, we are doing something that
has never been done before," said JérÎme Ternynck, CEO, MrTed. "There are six
million small businesses in the US with as many as 2,500 employees.
SmartRecruiters can help each of these hire faster, better and smarter. We
are telling small businesses, 'Throw away your old ATS, you don't need it
anymore!' You can turn off your old system today and be up-and-running with
SmartRecruiters in less than two minutes."

Everything You Need From an ATS - Except the Invoice

SmartRecruiters is free, limitless and easy to use, with an open
architecture that connects users to other recruiters and essential
pay-per-use services such as job posts and background checks. A solid set of
features allow recruiters to tailor the look-and-feel of corporate career Web
sites, front office and online application forms. Recruiters can edit job ads
in real-time, rate candidates, screen candidates and track history of actions
and interactions with candidates-all for free from within the application.
Users never pay for application hosting, installation, maintenance, upgrades,
additional users or storage, and the system is so easy, zero training is
necessary. SmartRecruiters is EEOC and OFCCP compliant.

In addition to being the first free, full-featured ATS, SmartRecruiters
also is pioneering a new segment of the SaaS category known as 'Open SaaS.'
Open SaaS is the next revolution in on-demand software delivery. A mash-up of
SaaS and open source concepts, Open SaaS is completely free of charge and
places no limits or restrictions on the user. Similar to SaaS applications,
Open SaaS solutions are Web-based and hosted, supported and maintained by the
service provider. While the roadmap for Open SaaS applications is defined by
its community, upgrades and enhancements are implemented by a central
provider. Open SaaS solutions typically derive revenue through alternative
channels such as pay-per-use services.

"With few exceptions, the Applicant Tracking Systems currently available
present a long list of barriers to success for SMB recruiters," said Rick
Fletcher, president of HRchitect, the leading talent management systems
consulting firm. "Even with their fee-based models, many of the existing ATS
vendors are not financially viable long-term due to increasing costs to
support their non-SaaS based applications. A lack of configuration tools in
these systems compounds the problem for recruiters, who must try to 'insert a
square peg into a round hole' by using these applications as-is, or continue
to write checks to vendors for software customization. MrTed's Open SaaS
SmartRecruiters solution offers a welcome relief to the growing SMB recruiter
market segment."

About SmartRecruiters

SmartRecruiters is a free, feature-rich applicant tracking system for
recruiters in companies with as many as 2,500 employees. Unlike other ATS
products, SmartRecruiters is a community-based, Open SaaS application that
connects users to other recruiters and essential pay-per-use services.
SmartRecruiters empowers users across the entire recruitment process, from
generating and posting jobs, building career sites, managing candidate
relationships and scheduling interviews, to rating and hiring candidates.
Recruiting technology has never been so free and easy. SmartRecruiters was
created by a small team of passionate developers working for MrTed Ltd., an
established leader in enterprise-class talent acquisition software with more
than 60,000 corporate users across 100 countries on five continents.