Industry News

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Riipen Raises $3.75M for Course Projects

When Barbara Ciaramitaro joined Capella University in 2018, she and her fellow faculty members faced a dilemma—what sort of course work could the online, for-profit university assign students that would also appeal to potential employers.

After months of vetting third-party programs, the university chose Riipen, a Vancouver-based startup that offers a platform where schools listed the expertise and services students could provide and where businesses shared the services they needed. The platform could pair them up for projects, and students would end the project with a presentation of their findings and work to companies in exchange for course credit.

“It quickly demonstrated the value it had for students,” says Ciaramitaro, who chairs Capella’s undergraduate information technology program and provides students with projects through the platform. “It gets them real-world experience. Capella students are in an online environment, where sometimes it’s a challenge to find that experiential learning.”

This partnership with Riipen (pronounced “ripen”) has had such an impact on Capella that the school’s owner has joined a new, $3.75 million round of funding for the startup.

SEI Ventures, the seed-stage venture arm of Capella owner Strategic Education Inc., participated along with Reach Capital, Strada Education Network, EduLab, Entangled Group, Atrium and Arizona State University’s ScaleU. This round brings Riipen’s total funding to date to about $6 million.

PSI Services Acquires Talent Assessment Company, Caliper

PSI Services LLC (PSI), a workforce solutions provider, announces its acquisition of Caliper, a talent assessment company that, for over 60 years, has been using data and scientifically validated instruments to provide deep insights into sales effectiveness.

Reading this report will help you make a more informed purchase decision when it comes to choosing the right R&O platform, based on the experiences and feedback of your peers.

Building on their renowned and scientifically based personality assessment, Caliper has developed a sales effectiveness solution that helps organizations drive competitive advantage. With sales transformation as a top organizational priority for companies worldwide, an effective sales team is a key differentiator of high-performing organizations.

“Caliper has been a leader in the talent assessment space for decades, and we have always greatly admired their approach to helping organizations recruit and develop the highest performing sales talent,” said Peter Celeste, President of PSI. “Combining the flagship Caliper Profile together with the Caliper Precision Series, which provides new innovations in sales development, we knew it would be the perfect fit to further strengthen and diversify our assessment portfolio. We look forward to welcoming the Caliper team and products to the PSI family.”

Caliper’s extensive research to determine the predictors of high-performing salespeople brings additional value to PSI’s product assessments and product road map. Key competencies include achievement motivation, mental toughness, emotional stability and adaptability, emotional intelligence, and more. As we enter a new decade and the labor force continues to shift, finding the right fit for sales roles is as important as ever.

Skills Platform Degreed Acquires London Software Firm Adepto

Degreed, the workforce up-skilling platform for one-in-three Fortune 50 companies, has acquired Adepto, a Total Talent platform that provides visibility and access to the skill-sets of current, past, and potential workers.

The combination will accelerate Degreed’s global expansion, and add enhanced skills inventories, on-the-job development experiences, and career mobility to the company’s learning experience platform. Terms were not disclosed.

London-based Adepto enables organisations to build private Total Talent networks that intelligently match internal and external workers to project, gig, and job opportunities that fit their skills and career goals.

Skill-sets

It also provides business leaders with easy-to-use tools to track and access the skill-sets and interests of their entire pool of available talent — current and past employees, as well as contractors, freelancers, consultants, and potential new hires.

Founded in 2013, Adepto has grown by 150% a year for three straight years. It now has more than 40 people, and offices in London, UK, Brisbane, Australia, and New York, USA.

Clients include innovative, blue-chip companies like Atos, Capita, and Cisco, as well as public sector employers such as the Queensland Government. Adepto also partners with many of the world's leading recruitment process outsourcing and managed staffing providers (RPOs and MSPs).

Technology use

Adepto’s technology will give Degreed’s customers the most complete learning experience platform on the market, with formal, informal, social, user-generated, and now on-the-job development opportunities — all available through one simple, intuitive app.

It will also provide deeper insights into the supply and demand for skills in their businesses.

“Our clients and users want more than just an engaging learning experience,” said Degreed CEO, Chris McCarthy.

“They want to continuously align their capabilities to new growth opportunities. To do that, they need real-time insights about the skills, experiences, and interests of all their workers — not spotty data from performance reviews or inferences from HCM systems.

“They also need a way to fluidly connect people to the right roles.”

Fulcrum Raises $1M

La Jolla, Calif.-based Fulcrum, a job-placement company for technical projects, has raised $1 million in a seed round of funding, led by local technology investment firm Greatscale Ventures with participation from several private co-investors, the company said.

The company has what it calls a fully compliant service for hiring freelancers onto technical projects that had previously only been the purview of full-time staffers — or work that would have been outsourced to pricey consulting firms.

Fulcrum says that its job-placement platform meets the regulatory requirements in 90 countries and is designed to give businesses the ability to design, manage and execute projects on demand.

The company scrapes all marketplaces that freelancers currently use and onboards them through its own service so that they can work effectively with large corporations.

PageUp Acquires Clinch

PageUp has officially acquired Clinch, the Dublin-based recruitment marketing Software as a Service (SaaS) provider, to boost the company's recruitment software offerings.

The acquisition of Clinch expands PageUp’s recruitment software offering to include proactive sourcing and other recruitment tools including: content management, automated recruitment marketing and enhanced candidate relationship management.

Founded in 2014, Clinch has built a suite of tools that improve recruitment experiences for candidates, recruiters and specialist sourcers. Clinch focuses on empowering customers to build and accelerate the recruitment funnel whilst delivering a personalised candidate experience and saving time through automation.

Clinch also offers end-to-end recruitment analytics and insights so that sourcing strategies can be adjusted to deliver return on investment.

The announcement comes at a time when the job market and candidate expectations are rapidly evolving, according to PageUp.

PageUp CEO Mark Rice says, “It’s widely acknowledged that there’s a global skills shortage and how, when and why people change jobs is changing. The majority of people who took a new job last year weren’t searching for one - meaning that HR technology must evolve. Recruiters need sophisticated yet intuitive tools to find, build relationships with, and hire great people - from both outside and within their organisations.

“Clinch‘s solutions deliver a great candidate experience from that first touch, right through to application. They dovetail perfectly with PageUp Recruitment and our entire PageUp Talent Management suite.

"Alongside their exceptional content management, automated recruitment marketing and enhanced candidate relationship management products, I’ve been very impressed with the Clinch team. We are delighted to welcome them to the PageUp family.”

Clinch CEO Paddy Doyle says, “Inclusion of the Clinch functionality within PageUp will enable customers to source and attract the best talent at speed. Both solutions have been designed to deliver a great experience for candidates and recruiters whilst automating tasks so HR teams can focus on candidates rather than administration. We look forward to seeing the power of the Clinch functionality harnessed within PageUp.”

The PageUp platform optimises the talent management lifecycle with software to enhance HR processes. The tool is designed for HR professionals, people leaders and employees. The service caters for recruitment and onboarding, through to learning, into performance, and right up to best-practice succession planning.