New Funds Fuel Rapid Expansion of HR Technology Company
Des Moines, IA (PRWEB) November 04, 2014 -- Prositions, Inc. is pleased to announce it has successfully completed another angel round of investments, bringing the total raised by the company to $5 million. The latest round, completed in October, added another $2 million.
Prositions, Inc. is the leader in mentoring and coaching software and services for businesses and government agencies. This new investment will be used to further the company’s already impressive growth trajectory. Specifically, the funding will be used to scale the company, continue to enhance its cloud-based software application (MentorString), and grow the company’s expanding customer base.
“We truly appreciate the confidence expressed by our current and new angel investors,” said Frank Russell, CEO of Prositions. “We’ve attracted some very savvy investors who recognize our potential for exponential growth. This segment of the Talent Management market is undergoing a transformational change, and we believe we’re leading the charge in the virtual mentoring and collaboration space.”
MentorString is a cloud-based application that combines a virtual mentoring platform, along with a secure social collaboration capability. The software comes with a robust set of tools to help organizations automate and streamline their mentoring and coaching efforts. MentorString can also be used to enhance communication, collaboration, creativity and engagement within an organization.
“As a part of our expansion plans, we’ve recently moved our headquarters to a larger space in the same building complex,” said Sam Gill, CFO of Prositions. “We’ve also negotiated very favorable terms for contiguous office space to meet our future needs. This should allow us to continue to grow as planned, over the next year or so, without the need for another relocation.”
Prositions is a rapidly growing Talent Transformation company offering leadership development, performance coaching, talent coaching, career transition and retirement planning solutions. Prositions does this in a unique way by combining the power of advanced cloud-based and mobile technology with an international network of certified mentors and coaches. For more information about Prositions and their capabilities, visit http://www.prositions.com.
Valbona Tika, Prositions, Inc, http://prositions.com/, +1 (515) 864-7200, [email protected]
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