Merlin Technologies Closes $10M in Financing
<strong>Dallas — Feb. 11</strong><br />Merlin Technologies Corp., a human capital management technology company providing integrated pre-employment and talent acquisition solutions for corporations, announced it has raised $10 million in Series A financing from Updata Partners. The funding will be used to expand operations and finance the acquisition of ASSESS Systems, a 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.<br /> <br />“Updata’s backing validates our strategy of building a uniquely positioned talent acquisition company that combines technology, content and services to provide a one-stop-shop for companies seeking to streamline and improve their recruiting processes,” said Steve Sasser, CEO of Merlin. “We look forward to leveraging Updata’s experience and network of professional relationships to accelerate our growth.”<br /> <br />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, which 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.<br /> <br />“As leaders in the human capital management space, Steve and Jim can deliver innovative, Web-enabled solutions to companies that want to have a seamless and fully integrated solution for all their pre-employment needs,” said Cohen. “We’re pleased to invest in a team with domain expertise and a proven track record of success who will build market leadership in a fast-growing and highly fragmented area of the market.” <br />
