197048 Resource 125364 126221 126221 1202737000530 1202737299560 Controlled Merlin Technologies Corporation Closes $10 Million Series A Round

Updata Partners Funds Expansion of Human Capital Management Technology Company; Acquisition of Recruiting Software and Services Provider, ASSESS Systems

<p><a title="Merlin Technologies Corporation" href="http://www.merlintechcorp.com/">Merlin Technologies Corporation</a>, 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, <a title="Ira Cohen, Updata Partners" href="http://www.updatapartners.com/web/module/press/newsid/40/interior_partnersteam.asp">Ira Cohen</a>, Venture Partner, and <a title="Barry Goldsmith, Updata Partners" href="http://www.updatapartners.com/web/module/press/newsid/41/interior_partnersteam.asp">Barry Goldsmith</a>, General Partner at Updata Partners have joined the board of directors. </p><p>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.</p><p>&quot;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,&quot; said Ira Cohen, Venture Partner at Updata Partners. &quot;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.&quot;</p> 9 application/xml false human capital management technology Merlin Technologies Corporation software vc funding technology venture capital Updata Partners High-growth IT companies enabling market-leading solutions http://www.updatapartners.com/interior_portfoliocompanies.asp http://www.updatapartners.com/interior_partners_news.asp?newsid=255 Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322; InfoPath.1; .NET CLR 2.0.50727) 127.0.0.1 127.0.0.1 rdvorak 38.99.193.126 false true false false true 174197 false false true false false false true 125364 blog blogsite/Updata/web