Chequed.com featured on Dow Jones Venture Wire
Posted on Wed, Oct 28, 2009
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VentureWire
Coming Out Of Beta, Chequed.com Picks Up Fitability
Scott Denne
205 words
November 02, 2009
VentureWire
M&A
English
As it moves its product out of beta, Chequed.com Inc. has acquired Fitability Systems LLC to strengthen its predictive hiring software.
Chequed.com uses behavioral modeling to provide analytics about a job applicant's potential. The software helps companies assess whether an employee is a good cultural fit, a fast learner, better suited to repetitive tasks, their potential for leadership, and a host of other factors.
Chequed.com assesses an applicant through a questionnaire, but the analysis is tailored to meet the needs of the hiring company and the particular job.
The Saratoga Springs, N.Y.-based company acquired Fitability because it has been doing behavioral assessments for a decade and has a large database that will strengthen Chequed.com's services, said Greg Moran, its president and founder.
The service is aimed at companies that do extensive hiring, Moran said.
Chequed.com was founded about a year ago on research from the State University of New York. It has raised just over $500,000 from angel groups Seed Capital Fund of Central New York and Tech Valley Angel Network, Moran said.
http://www.chequed.com
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