Their recent success in client acquisition and retention further solidify their business model and make this an excellent investment opportunity.
Saratoga Springs, NY (PRWEB) November 19, 2010
Chequed.com, Inc., an online reference checking and pre-employment testing provider, announced today the completion of a financing round with Rand Capital SBIC, Inc.
Commercializing research developed in partnership with The Research Foundation of The State University of New York and The University at Albany’s Department of Psychology, Chequed.com has created selection tools that help human resource departments connect employee screening practices to business results.
Margaret Brechtel, Vice President of Finance at Rand Capital said, “Across our portfolio companies, we consistently see how important hiring is to the success of a company. Chequed.com’s unique solution provides the services that companies need to succeed in hiring quality candidates. Their recent success in client acquisition and retention further solidify their business model and make this an excellent investment opportunity. Rand is excited to partner with Chequed.com and support their further growth in this dynamic area.”
“We appreciate the capital support—and the vote of confidence—immensely, but we also look forward to working with Rand and benefiting from their expertise,” said Greg Moran, Founder and President of Chequed.com, Inc.
Funds from this round will support expansion of Chequed.com’s sales and marketing activities.
About Rand Capital Corporation
Rand Capital is a publicly held Business Development Company (BDC), and its wholly-owned subsidiary is licensed by the Small Business Administration (SBA) as a Small Business Investment Company (SBIC). The company is headquartered in Buffalo, NY. http://www.randcapital.com
Founded in 2008 by some of the foremost experts in employee selection and development, Chequed.com is an emerging leader in the rapidly growing market for Predictive Employee Performance™ technology.
Using its revolutionary Performance EngineTM, Chequed delivers rapid, accurate predictions of a new hire’s performance. The technology’s ability to track and measure relevant results contributes to HR organizations’ ability to better demonstrate a clear tie to business results.
Chequed.com’s experienced management team, board of directors and advisory committee have helped hundreds of startups and growing companies hire talent that made them industry leaders. Their extensive expertise has fortified the Chequed software to meet the day-to-day challenges of human resource managers facing competitive markets for human capital.