Chicago, IL (PRWEB) July 10, 2012
Hireology, a leading technology platform for employee selection management, announced today that it has closed a $1 million Series A investment from a group of investors that includes Chicago-based Firestarter Fund. Hireology will use proceeds from this round to scale customer acquisition, deploy revenue-generating features, and maintain their lead in the Selection Management System market.
“We are excited to be entering the next phase of our company’s growth,” said Adam Robinson, CEO of Hireology. “Hireology has proven that there’s a large, addressable market for data-driven hiring and selection technology that helps companies organize their hiring process and make better selection choices. With our patent-pending technology and easy-to-buy, easy-to-use solution, Hireology is setting a new standard for the industry.”
Founded in 2010 by serial HR and technology entrepreneurs Adam Robinson, Michael Krasman, and Jeff Ellman, Hireology helps SMBs and distributed enterprises manage and improve their selection process system-wide. Franchise systems, banks and financial institutions, healthcare systems, dealer networks, and other multi-site operators use Hireology’s web-based Selection Manager™ to deliver consistent and repeatable hiring decisions in the field, leading to better hiring decisions, lower turnover, and increased profitability per location.
“We’re laser-focused on improving the selection process for small and midsized companies, and for large distributed enterprises comprised of these small and midsized companies,” added Robinson.
Among the investors in this round is Firestarter Fund (http://www.FirestarterFund.com), an investment fund focused on early-stage technology companies headquartered in Chicago. The fund, made up of seasoned entrepreneurs who have direct experience in founding, operating and investing in technology-based businesses, was launched in early 2012 and includes HR technology veterans Jai Shekhawat, CEO of Fieldglass, and Troy Henikoff, founder of SurePayroll.
Hireology’s award-winning Selection Management System helps companies organize their hiring process and leverage data to make better hiring decisions. Franchise systems, banks and financial institutions, healthcare systems, dealer networks, and other multi-site operators use Hireology’s web-based Selection Manager™ to deliver consistent and repeatable hiring decisions in the field - leading to better hiring decisions, lower turnover, and increased profitability per location. For more information, please visit http://www.Hireology.com.