Private equity firm Spire Capital is all set to work with the team at Performance Assessment Network (pan), a technology enabled provider of human capital management assessment solutions, to accelerate growth. The company recently acquired all of the issued and outstanding stock of pan from Equifax Workforce Solutions, a subsidiary of Equifax Inc.
"Today's organizations view human capital as an asset to be developed and optimized," Bruce Hernandez, partner of Spire Capital, said in a statement.
Hernandez added that Spire Capital believes pan is perfectly positioned to benefit from this partnership, which will leverage the company's unique technology platform, publisher agnostic assessment catalog and vast test center network to grow with both new and existing customers.
pan, a division of TALX, has been helping clients select and grow employees through its extensive assessments, robust technology solutions, talent measurement services and proctored testing services.
"I am very excited to be leading pan as we enter this phase of significant growth," said Doug Cole, chief executive officer of pan.
"Our goal has always been to provide the best quality content, superior technology and the highest level of service to our customers. Partnering with Spire will provide the strategic focus and resources to fuel our growth in the coming quarters and years," Cole added.
Founded in 2000, Spire Capital leads buyout investments in its areas of expertise and believes its deep industry experience and network of relationships are invaluable in helping its portfolio companies to grow and succeed. Spire Capital is currently investing out of its second fund of $320 million.
Edited by Rachel Ramsey