1-Page Company Inc. (ASX:1PG) will commence trading at 11am on Wednesday following its acquisition by the former Intermet Resources (ASX:ITT).
The 1-Page platform could revolutionise the way corporations identify and recruit talent, providing improvements in time, cost and retention rates particularly for companies with large staffing requirements.
1-Page Company Inc was founded in Silicon Valley in 2011, and the U.S. product launch was in January 2013 with global clients currently including First Republic Bank, BevMo!, Daikin McQauy and others.
The U.S recruitment market was worth US$190 billion in 2013, with 54 million new hires - close to half the total workforce of 112 million.
The company's Enterprise Challenge-based Assessment and Engagement Platform enables companies to individually rank and prioritise candidates for employment positions based on their ability to solve real-time business challenges.
The platform subsequently applies new predictive data to rank the most suitable candidates for interviewing.
Based on a case study conducted by 1-Page in 2013, it outlined that its solution reduced the time to hire to 4 weeks from 13 weeks, while also improving retention by up to 70%, which helped decreases the cost-per-hire by up to 75%.
Co-founder of 1-Page Joanna Weidenmiller was nominated Female Entrepreneur of the year in 2012.
Weidenmiller was aksi co-founder of 360Fashion Network, which scaled to 10 million users.
US Venture Capital firms have invested over US$3 million to date to develop and complete the technology and software.
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