Atlanta, GA (PRWEB) July 13, 2005 -
Â Qwiz, Inc., a global supplier of web-based pre-employment hard skills testing, today announces its merger with ePredix, Inc., the leading provider of soft skills assessment and employee development content, and Personnel Decisions Research Institutes, Inc. (PDRI), a wholly owned subsidiary of ePredix and provider of human capital strategy and performance management research. The combination of these organizations creates the top provider of web-based pre-employment testing and assessment services in the United States, capable of delivering a comprehensive suite of content, applications and consulting services to meet the pre-employment and employee development needs of organizations of all sizes and all industries. The transaction is the result of the collaborative effort of the individual companies and private investment firm, Veronis Suhler Stevenson, which along with executive
management provided funding. Terms of the transaction were not disclosed.
Since 1986, Qwiz products have verified the hard skills of over 40 million job applicants for clients in more than 14 countries including North America, the United Kingdom, Europe, and Australia. For 50 years, ePredix solutions have been at the forefront of innovation in workforce management. ePredix has created a library of assessment and development tools that predict and enhance job performance at all levels. Over half of the Fortune 500 companies have used ePredix to assess and develop more than 40 million people. PDRI specializes in developing and refining strategies for predicting and measuring human behavior in areas such as job performance, turnover and absenteeism, job satisfaction, employee motivation, and development needs.
Global employers, Fortune 500 companies, government agencies and middle market employers can now leverage proprietary web-based technology, broad predictive insight, and professional consultation services from a single source. Thus allowing employers to make more informed decisions about the people they hire, promote and develop for all jobs in all industries improving job success at all levels.
ÂThe combination of Qwiz, ePredix and PDRI creates a one-stop source capable of meeting the complete employment, development, succession planning, and workforce performance management needs of employers worldwide,Â says Noel Sitzmann, CEO of Qwiz and the new combined organization. ÂOur value proposition is now stronger than ever.Â
ÂJoining forces with Qwiz makes it possible to provide our combined client base a complete solution for every stage of the employee lifecycle to optimize business results,Â states Shawn Lyndon, CEO of ePredix, who will be Executive Vice President of the combined company. ÂWe are very excited about our future together.Â
ÂThis growing market sector is highly fragmented with hundreds of providers and no clear leader,Â said Michael Kessler, Managing Director of Veronis Suhler Stevenson. ÂUntil now, no single provider has had the necessary combination of content, scale and technology to satisfy the complete employee selection and development needs of large, global companies and mid-sized enterprises alike.Â
The merged organization is based in Atlanta, Georgia with offices in Minneapolis, Minnesota, Washington, D.C., and Tampa, Florida. The Qwiz, ePredix and PDRI products and brands will continue to be marketed in their current form until a new name for the merged company is chosen.
Qwiz Inc., established in 1986, provides selection, advancement and training solutions to more than 25,000 clients worldwide. There are more than 540 tests and assessments covering call centers, healthcare, legal, finance, information technology, office software, primary business skills, psychometrics and administrative skills. Qwiz solutions and products are available in English, Spanish, French, German, and Dutch. For more information about Qwiz, visit our web site at http://www.qwiz.com or contact Pamela Bartz, 678/832-0550 or 800/367-2509.
ePredix can scientifically predict for employers who will perform on the job by leveraging over 50 years of research and data captured from over 40 million job applicants and employees. Government agencies and Fortune 500 companies use ePredix's job and industry specific hiring, development, promotion and succession planning products and services to maximize efficiency and success in every stage of the human capital lifecycle. ePredix solutions streamline employersÂ access to applicant and employee data, reducing cost and time to hire. With real-time rating and ranking of individual data and seamlessly integration with HRIS and Applicant Tracking Systems, ePredix provides a comprehensive and single source for employee and applicant data mining and in-depth business analyses. To learn more about ePredix, visit http://www.epredix.com.
About Veronis Suhler Stevenson
Veronis Suhler Stevenson (VSS) is a private equity and mezzanine capital fund management company in North America and Europe. Since 1987, VSS has managed approximately $2 billion in committed capital across four private equity funds and a mezzanine debt fund. VSS provides capital for buyouts, recapitalizations, growth financings and strategic acquisitions to companies and management teams with a goal to build companies both organically and through a focused add-on acquisition program. The VSS investment team is comprised of a unique combination of seasoned operating executives and financial transaction professionals, who together have invested in 38 platform companies and completed over 186 add-on acquisitions resulting in a portfolio with realized and unrealized enterprise values totaling approximately $7.5 billion. For additional information, visit: http://www.vss.com.
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.
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