The combination of Assess Systems and Chequed.com creates a leader in next generation, data-driven hiring and talent management solutions.
Dallas, TX and Saratoga Springs, NY (PRWEB) August 19, 2015
Assess Systems, a leading provider of comprehensive employment assessments, and Chequed.com, a leading provider of cloud-based Predictive Talent Selection™ technology, announced today that they have combined to create a next-generation HCM software and services firm. The combination leverages Assess Systems’ proven I/O-based talent management science with Chequed.com’s innovative, data-driven talent sourcing and hiring solutions, creating a single platform that enables organizations to build and develop world-class workforces. The combination of the two companies was driven by Trident Capital, which provided new capital to the combined companies to support future growth and provided liquidity for certain existing investors.
The new combined company is well positioned for growth in the global HR analytics and assessment market, a market that exceeds $5 billion annually and is expanding more than 10 percent per year. The company’s solutions predict the success of candidates and employees from hourly to executive roles across industries. Solutions are delivered on desktops and mobile devices and are integrated with the major HR systems.
“The combination of Assess Systems and Chequed.com creates a leader in next generation, data-driven hiring and talent management solutions,” said Greg Moran, President and CEO of Chequed.com, who now serves as the CEO of the combined companies. “We look forward to supporting the growth and success of current and future clients by delivering innovative solutions for comprehensive talent selection and employee development.”
This combination establishes a single cloud-based suite of talent management solutions to help source, screen, evaluate job fit, reference candidates, enhance employee development, and measure an employee’s impact on the job. The predictive capabilities of the company’s competency models derive from data sets comprising millions of candidates, hundreds of thousands of hires, and their on-the-job performance, and are continually being enhanced and refined.
Assess Systems has built a reputation for using competency models to predict the success of a candidate and identify employee potential through its suite of pre-hire and post-hire assessments, including personality, cognition, situational judgment, simulations, 360-degree feedback, and situational video. Assess Systems services numerous large clients, including many Fortune 500 companies such as 7-Eleven, Brinker International, and Hyatt.
The Chequed.com solutions are complementary, based on predictive models built using machine learning, including ChequedInterview™, which streamlines interviews through competency-based and scorable interview guides; ChequedReference™, which verifies candidate experience through online reference checking; and ChequedImpact™, which provides real-time visibility into the quality of the hire. Chequed.com also serves numerous large clients including Aspen Dental, Hallmark, SUBWAY® Restaurants, and The Walt Disney Company.
The combined company offers ready-to-use solutions that have been validated for a wide variety of job types and industries, as well as custom solutions built by the companies’ Ph.D.-level industrial and organizational psychologists. Internal research and development is complemented by a partnership with the Research Foundation of the State University of New York and the University at Albany.
“Assess Systems and Chequed.com are a great match,” said Stephen A. Sasser, CEO of Assess Systems. “This combination creates a uniquely positioned human capital solutions company with an unrivaled product and solution suite for talent selection and employee development. Together we will accelerate the pace of innovation for our clients.”
"The time has finally come for the HR industry to adopt intelligence layers in the form of analytical applications,” said Eric Jeck, Managing Director at Trident Capital, who drove the combination of the two companies and the new investment. "Talent management is one of the most impactful areas to drive ROI for companies, improving both pre-hire selection and post-hire engagement and retention.”
About Assess Systems
Assess Systems is a global, innovative SaaS technology and services company providing talent selection and people development solutions. Focusing on person-job-organization fit, their assessment solutions help clients select, develop, and promote talent for improved business outcomes. For 30 years, Assess Systems has assessed millions annually across industries, spanning 42 countries and supporting 16 languages. Solutions include: selection process design; competency modeling; pre-employment assessments; competency-based professional, management, and sales assessments; eLearning; leadership & team development programs; 360-degree assessment and feedback; succession planning; and executive assessment and coaching.
About Chequed.com, Inc.
Chequed.com has one goal: No Bad Hires. Ever. From pre-employment testing and scorable interview guides to online reference-checking and passive talent sourcing, Chequed.com’s cloud-based Predictive Talent Selection™ platform is used by some of the world’s leading brands. Visit Chequed.com for more information, Start a Free Trial or follow us on Facebook or Twitter.
About Trident Capital
Trident Capital is a growth equity investor that invests in enterprise software and services; internet and mobility; healthcare IT; and cybersecurity. Founded in 1993 and with $1.9 billion under management, Trident invests across North America in both control and lead investments. Trident builds value through continual management team enhancement, strategic and operational guidance, and customer and partner introductions, driving revenue growth and positioning for successful exit. For more information, visit http://www.tridentcapital.com.