Company will use proceeds to further accelerate its sales and product development growth.
ATLANTA, GA — (September 24, 2013) —HireIQ Solutions, the innovative leader in predictive analytics and virtual talent acquisition solutions for customer-facing organizations, today announced that it has closed an additional round of venture funding. This round, led by existing investor Atlanta-based venture firm TechOperators, consists of one-and-a-half million dollars, brings total investment in the company to $4.5 million.
“Customer executives continue to see value in our structured, analytics-driven approach to employee selection,” said Dan Drechsel, HireIQ’s chief executive officer. “As our customers continue to digitize their talent acquisition process with us, we use that data to help further improve those processes. Our growth continues to accelerate as leading customer-facing organizations realize the benefits of our multi-media virtual interviewing and predictive analytics approach. The proceeds from this investment round will be used to further our analytics advantage and to expand our sales footprint.”
HireIQ is revolutionizing the customer service talent acquisition process by linking stakeholder-observed business outcomes with pre-hire, multi-media digital interviews to help ensure a company’s retention and operational performance goals are met. Prospective employees complete thousands of virtual assessments each day using HireIQ’s Software-as-a-Service (SaaS) software, enabling companies to improve their hiring decisions, reduce the critical time-to-fill interval, reduce recruiting costs and increase employee retention and performance.
“HireIQ has demonstrated its ability to develop, market and sell innovative solutions that are designed to dramatically improve the recruiting and hiring processes of organizations with high-volume hiring needs,” commented Dave Gould, operating partner at TechOperators. “Its unique, innovative audio predictive analytics helps companies streamline the hiring process and make better employment decisions. We are excited for the future of this company and our additional investment is a vote of confidence in its technology and team.”
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HireIQ revolutionizes talent acquisition for high-turnover, front-line customer service positions such as those in call centers, retail stores, branch banking, quick-service restaurants and hospitality by automating the early-stage screening process, automatically assessing for critical communication skills, and using outcomes-based data to facilitate continuous performance validation. HireIQ’s solutions enable companies to improve their hiring decisions, reduce time-to-fill, reduce recruiting costs, and increase talent performance and retention through its on-line virtual interviewing software, novel predictive analytics solutions, and structured feedback between recruiting and its stakeholders. HireIQ is a privately held company based in Atlanta, GA. For further information, please visit www.hireiqinc.com. Follow us on Twitter @HireIQInc.
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