Tuesday, February 12, 2008

The Merlin Technologies is to assemble and build a new and unique talent acquisition company raised $10 million in Series A financing

What Company Is Offering:
The Merlin Technologies is to assemble and build a new and unique talent acquisition company through the effective integration of complementary pre-employment point solution providers. Employers currently deal with too many vendors in a fragmented pre-employment process that increases cost and complexity. Merlin streamlines the process and provides one-stop shopping that allows the customer to achieve better hiring results and improved productivity through an integrated and improved process, and simplification and cost reduction through fewer vendor implementations, contracts and databases.

How Much They Got From VCs:

It has raised $10 million in Series A financing from Updata Partners. Funding will be used to expand operations and finance the acquisition of ASSESS Systems, a leading provider of web-enabled candidate assessment and employee development offerings. Commensurate with the funding, Ira Cohen, Venture Partner, and Barry Goldsmith, General Partner at Updata Partners have joined the board of directors.

As the former CEO and CFO of Peopleclick, Inc., Merlin Technologies' founders, Steve Sasser and Jim Buchanan, are knowledgeable leaders in the talent acquisition market; having gained valuable experience working with industry leading customers at Peopleclick - who was a pioneer in this market. Sasser and Buchanan formed Merlin to assemble and build a new and unique talent acquisition company through the effective integration of complementary pre-employment point solution providers. They have extensive experience with merger and acquisition activities and worked together in leadership roles at Legent and Goal Systems earlier in their careers.

More at:http://www.merlintechcorp.com/

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