Merlin Technologies Corporation, a human capital management technology company providing integrated pre-employment and talent acquisition solutions for corporations, announced today that 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. "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 Ira Cohen, Venture Partner at Updata Partners. "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." |
