June 17, 2009 – StepStone, a provider of human capital management solutions, has announced that Philips is to implement its new ETWeb talent and performance management platform. ETWeb will help Philips retain its workforce and plan for future success. Once completed, StepStone’s solution will cover approximately 45,000 Philips employees across more than 60 countries. StepStone’s platform will support Philips in planning, managing and evaluating employees’ performance and development. The solution will also integrate a talent management module, enabling the health and well being multinational to better manage and track its internal talent, while also identifying and developing future leaders. Colin Tenwick, CEO of StepStone, added: “Our talent management solution has met Philips’s global requirements and is aligned to the company’s people, processes and business goals. Through close co-operation, we’ve helped Philips manage and track its talent and support its aim to be a leader in the health and well being industry.” StepStone’s ETWeb talent management platform provides a full range of human capital management capabilities within a software as a service (SaaS) environment, including performance management, succession planning, compensation management and 360 degree feedback.