Institute for Corporate Productivity Raises $6 Million

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<p><strong>Seattle &mdash; May 16&nbsp;</strong><br />The Institute for Corporate Productivity (i4cp), a research organization focused on improving workforce productivity and bottom-line results within corporations, has completed a $6 million Series A financing. </p><p>Co-led by IDG Ventures Boston and Trinity Ventures, the funding will enable the company to expand sales and marketing, broaden its technology offerings and grow its product suite. </p><p>As part of the funding, Jeff Bussgang from IDG Ventures Boston and Patricia Nakache of Trinity Ventures will join the company&rsquo;s board of directors.<br /><br />i4cp was created on a foundation of four primary offerings: research, community, tools and technology.&nbsp; </p><p>The company was founded by industry veterans, including Kevin Oakes, the former president of SumTotal Systems, Debbie McGrath, the founder of HR.com, and Jay Jamrog, HRI executive director.</p><p>In November 2006, i4cp announced it was purchasing the assets of the Human Resource Institute (HRI), one of the most respected and well-known research firms in the human capital industry.<br /><br />&ldquo;As baby boomers begin to retire, and the size of the available workforce shrinks, companies today face a unique set of challenges that require tools and technologies to help them identify and retain top talent,&rdquo; Nakache said. &ldquo;Built on the foundation of research developed by the Human Resource Institute over the past 35 years, i4cp is well-positioned to help companies easily and cost-effectively work through their workforce management transitions.&rdquo;<br /><br />i4cp aims to be the preeminent provider of research, community, tools and technology to the human capital market. </p><p>The company draws on one of the industry&rsquo;s largest and undoubtedly most experienced research teams and executives-in-residence to produce more than 10,000 pages annually of research and analysis surrounding all facets of the management of people in organizations. </p><p>Additionally, i4cp identifies and analyzes the upcoming major issues and future trends that are expected to influence workforce productivity and provides member clients with the right blend of community and information to execute leading-edge strategies and &quot;next practices&quot; on these issues and trends. <br /><br />&ldquo;This financing is an endorsement of the very large market opportunity that has emerged for unbiased research and expert community that address the unique challenges in today&rsquo;s human capital market,&quot; Oakes said. &quot;IDG Ventures Boston and Trinity Ventures bring the right mix of relevant expertise, relationships and capital to help us achieve further growth and expand our leadership in the market.&quot;</p>

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