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William Blair & Company Initiates Coverage of Salary.com, Inc. With Outperform RatingCHICAGO --(Business Wire)-- William Blair & Company initiated research coverage of Salary.com, Inc. (Nasdaq: SLRY) ($11.32), a leading provider of on-demand compensation software, with an Outperform rating and company profile of Aggressive Growth. "We believe customers are turning to Salary.com because it provides arguably the most complete market pricing information available," analyst Laura Lederman said. "When there is not a large enough sample size for a particular job and/or location, which is a frequent occurrence, most surveys leave empty data points; Salary.com does not. Its highly qualified compensation team of more than 60 experienced certified compensation professionals fills the voids through statistical analysis. Further, due to its database of content with more than 350 million data points, its market pricing information can be relied on." Lederman concluded, "Because of these factors, we believe the company will likely continue to take market share from its competitors that either lack the software expertise or the underlying compensation data and domain knowledge required to provide a comparable suite. We expect Salary.com to post strong sales growth of 34% over the next four years." William Blair & Company, L.L.C. has received compensation for investment banking services from the company within the past 12 months, or expects to receive or intends to seek compensation for investment banking services in the next 3 months. William Blair & Company, L.L.C. was a manager or co-manager of a public offering of equity securities within the prior 12 months. William Blair & Company, L.L.C. is a market maker in the security of this company and may have a long or short position. William Blair & Company, L.L.C. (www.williamblair.com) is a Chicago-based investment firm offering investment banking, asset management, equity research, institutional and private brokerage, and private capital to individual, institutional, and issuing clients. Since 1935, we have been committed to helping clients achieve their financial objectives. As an independent, employee-owned firm, our philosophy is to serve our clients' interests first and foremost. For important disclosures and information regarding the firm's rating system, valuation methods and potential conflicts of interest, please visit: http://www.williamblair.com/Pages/news_story_dept.asp?uid=1179&depID=4 Additional information is available upon request. |
