|
|
|
 |
 |
 |
 |
 |
 |
 |
|
|||||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||
|
|||||||||||||||||||
|
 |
|
|
HR.com Receives Funding From Top Tier Investors
Toronto, CANADA - HR.com™, the largest research and Web destination in North America for Human Resource Executives, today announced that it has raised its first round of venture capital funding to help grow its research and HR practices. Investors include Ventures West, one of Canada’s largest private venture capital companies, and private investors Michael Egan and Jody Dyer. Founded in 1999 by CEO Debbie McGrath, HR.com is the premier destination, and the trusted advisor, for HR vendors and senior HR professionals in the US and Canada. Issues such as training, retention, leadership development, and controlling HR costs such as health and benefits are major areas of concern for most companies. “The funding will be used to expand our Research and Analysis department,” says McGrath. “It will enable us to document and share best practices, as well as help HR Executives make the right decision to help them become more accountable, strategic and aligned to their businesses. The high caliber of investors is validation of our product and our business model. It sends a very clear message that we are committed to improving and building our resources.” “HR.com has an impressive management team and an established market position,” adds Ted Anderson, Senior Vice President of Ventures West. “Human Resources is the last frontier for significant corporate savings, as the automation of internal processes such as benefits administration and procurement, employee self service, staffing, compensation/incentive management, workforce analytics, outsourcing, performance management and HR technology is implemented. We believe there is a substantial opportunity for success in this market segment.” HR.com enables HR professionals to make the right buying decisions, by providing research, best practices (case studies of success stories) and a procurement engine that HR.com analysts use to actually rate values on specific requirements on vendor products and services. They bring together like-minded individuals to share and document HR success stories. Michael Egan is a serial entrepreneur who has successfully built world-class businesses. He is the founder and former CEO of InSystems Technologies Inc., a supplier of document automation solutions for financial services organizations that was acquired by Standard Register in 2002. At the time of the acquisition, InSystems had more than 350 customers in 24 countries. Mr. Egan has assisted organizations in reshaping their processes and business relationships through technology and has received a number of prestigious business and industry awards. Atlanta-based private investor Jody Dyer has more than 30 years of hands-on business and technology management experience. He has been active in technology investments, and is a recognized expert in the area of insurance/benefits software development. In addition to investing in this round, Michael Egan joins as Chairman of the Board of Directors. Also joining the Board is Lexis Nexis Canada General Manager, Mike Pilmer. Mr. Pilmer was a partner with Hollinger Capital, a venture capital group focused on technology startups prior to joining Lexis Nexis. He was also Vice President of Hollinger Digital, an operating subsidiary of Hollinger International that was responsible for the development of Canadian electronic media products. “Our Board of Directors will work with the senior leaders at HR.com to implement internal best practices. They will also share their expertise in growing a successful subscription business,” says McGrath.
HR.com (www.hr.com) is committed to providing Human Resources professionals with the information, tools and resources they need to successfully manage the people side of their business. HR.com provides daily news, an online library of over 6,000 articles, the widest selection of Human Capital Research, online learning seminars, and high-end conferences uniting vendors with strategic buyers. About Ventures West Ventures West Management Inc., a private venture capital investment group, is one of Canada´s leading investors in early stage technology companies. Since its founding in 1968, Ventures West has formed eight venture capital funds which total over $700 million and has invested in more than 130 companies. Ventures West has the people, the expertise, and the capital to help entrepreneurs develop emerging technology companies into market leaders. Investments focus on four technology sectors: Biotechnology, Communications, Energy Technology and Information Technology. For more information, visit www.ventureswest.com. For more information contact:
|
|
about us : for entrepreneurs : team : portfolio : news : contact us |
