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Staff After all, how could the future have come so quickly?
We're beginning to understand that the future arrives in waves around
the globe. It never lands everywhere all at once. Not everyone can see it
when it arrives. It's more available to some than others. The early
partakers have to reach for it. The latter group wants it on a silver
platter. In business, the advantage goes to those who reach.
This a long winded introduction to Katrina Dewars and her interesting
company, ePredix. Katrina is a
compact Australian blonde who whirls through space at the speed of a
Tasmanian devil. One time manager of Microsoft's Asian Recruiting
operations and an industrial psychologist by training, Katrina is building
an assessment company like no one has ever imagined. Using funds from the
sale of a prior enterprise, she is able to walk the corridors of the
investment houses as a peer (rather than as an 'applicant').
ePredix intends to integrate
bio-data, assessment testing and web generated data into a seamless
standard for the assessment and prediction of behavior. In English, it
means they are developing broad data structures capable of incorporating
information about critical life events, on the job behavior, assessment
testing, response to video stimulus and other data sources into a tool
that can predict a broad range of behavior from purchasing to on the job
performance.
Oh, and it's not a future product, it's today (a highly respected
Silicon Valley leader in Recruiting practice is having the firm develop a
video game interface for applicant testing.) Housed a floor above a great
sushi joint on Mission Street in San Francisco, ePredix bustles with their
brilliant entrepreneurial energy of a player who can see value where
others see none. In a transaction that you probably missed, ePredix purchased the crown jewels from
a time honored player, PDI. The
traditional assessment industry is worth about $600 Million in annual
revenues. PDI, one of the top two players in the game, was built around a
core expertise in personality assessment and measurement. Although there
are a few notable concerns, PDI's core product was the ability to
accurately measure the likelihood that a particular person would fit into
a particular culture. 30 years of company growth stemmed from a solid
foundation in the 'low end' assessment business.
In what has to be a record in the assessment industry (and is as fast
as an internet company can move), Katrina and her team were able to
persuade PDI that the crown jewels would be better harvested inside of
ePredix. The entire transaction, from introduction to the close of the
sale took a mere 50 Days.
Certainly some observers will wonder about the quality of the chemicals
and the quantities consumed. The less intelligent might view this as a
political move. We're sure that this is a trendsetting deal as old
companies unbundle their assets in the emerging economy. More about this
trend and ePredix in the immediate future.
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