Merlin Technologies Closes $10M in Financing

Posted on
Share on Google+Share on LinkedInShare on FacebookShare on RedditTweet about this on TwitterEmail this to someone

<strong>Dallas &mdash; 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 />&ldquo;Updata&rsquo;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,&rdquo; said Steve Sasser, CEO of Merlin. &ldquo;We look forward to leveraging Updata&rsquo;s experience and network of professional relationships to accelerate our growth.&rdquo;<br /> <br />As the former CEO and CFO of Peopleclick Inc., Merlin Technologies&rsquo; 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 />&ldquo;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,&rdquo; said Cohen. &ldquo;We&rsquo;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.&rdquo; <br />

Share on Google+Share on LinkedInShare on FacebookShare on RedditTweet about this on TwitterEmail this to someone


Posted in Archive|