Chequed.com Announces $2M in New Funding

Chequed com Inc , the leading provider of cloud-based Predictive Talent Selection TM solutions today announced that it has secured 2 million in funding in a round led by Cayuga Venture Fund a leading upstate New York-based technology and high-growth investment firm This second round also includes participation from existing private and public investors including Rand Capital based in Buffalo NY

The proceeds will be used to expand Chequed com’s sales and marketing efforts and further build out its global technology solutions Earlier this year Chequed com introduced its next generation suite of solutions including ChequedProfile(TM ChequedFit(TM ChequedInterview(TM ChequedReference(TM and ChequedAnalytics(TM Together these cloud-based SaaS applications have the power to fundamentally predict a new hire’s future performance

Chequed com Chief Executive Officer Greg Moran states Chequed com continues to enjoy tremendous growth based on our ability to understand our customers human capital challenges and our team’s unparalleled ability to create technology solutions that optimize talent selection processes without adding unnecessary complexity ” He continues We’re excited to be expanding our relationships with the investment community and we’re using those funds to bring new and even more powerful data-driven innovations to enterprises worldwide ”

Cayuga Venture Fund Managing Partner Zachary Shulman adds Demand for technology innovators that more effectively manage human capital assets is increasing markedly Chequed com’s landscape-changing predictive talent selection solutions are proven to lead to better hiring decisions vast productivity improvements and significant cost savings ” He continues We’re very impressed with management’s vision and ability to execute as well as the team’s growing roster of global customers We believe the company plays a leadership role in providing such solutions to Fortune 1000 and international customers ” Concurrent with this financing Mr Shulman will join the Board of Directors at Chequed com

About Cayuga Ventures
Cayuga Venture Fund focuses on creating a thriving upstate New York community with its portfolio of leading edge high-tech companies Based in Ithaca N Y , the firm makes seed to growth stage investments in companies that have attributes such as innovative technology significant market potential and management teams with a proven track record For more information visit http://www cvf biz

About Chequed com
Chequed com delivers a comprehensive suite of cloud-based talent selection solutions engineered to predict a new hire’s future performance Based in Saratoga Springs NY Chequed com’s Predictive Talent SelectionTM Suite which is delivered globally includes ChequedProfileTM ChequedFitTM ChequedInterview(TM ChequedReference(TM and ChequedAnalytics(TM In partnership with the University at Albany Chequed com works with organizations to implement best practices in talent selection which are scientifically proven to reduce cost per hire increase quality of hire and improve organizational productivity For more information visit http://www Chequed com

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