Click here to close now.




















Welcome!

IoT User Interface Authors: Trevor Parsons, Elizabeth White, Kevin Jackson, Pat Romanski, Carmen Gonzalez

News Feed Item

RiseSmart Secures $11 Million Round Led by Accel-KKR to Accelerate Market-Share Growth and Product Innovation

The growth equity investment will help RiseSmart drive positive disruption in Human Capital Management (HCM) with its technology-led, results-driven solutions for outplacement and career management.

SAN JOSE, Calif., Feb. 13, 2014 /PRNewswire/ -- RiseSmart, the leading provider of enterprise career management solutions, today announced an $11 million growth equity round led by new investor Accel-KKR.  Series A investor Norwest Venture Partners (NVP) also participated in this round.  The investment will enable the company to rapidly expand its sales and marketing organizations to build market share, enhance and differentiate its next-generation cloud-based outplacement platform, and scale its operations.

"Corporate outplacement is a billion-dollar business in the United States.  Accel-KKR's investment is further validation that this market is embracing new approaches to outplacement services that leverage the latest technologies and are tightly focused on results," said RiseSmart Founder and Chief Executive Officer Sanjay Sathe. "With this investment we are poised to do nothing less than lead a revolution in outplacement and career management."

Sathe compared the changes now coming to outplacement to those that have in recent years transformed recruiting, onboarding, training and other categories within the Human Capital Management (HCM) space.

"Just as human resources departments have embraced technology, automation and innovative service models at the front end of the employee lifecycle, we are now seeing this wave of change rapidly embrace the back-end of the employee lifecycle – specifically, offboarding and outplacement," Sathe said.

"It's a casebook example of business transformation through positive disruption. Over the past decade, we've watched online services in numerous fields use advanced technology to drive a superior value proposition and customer experience. These next-generation providers have grown to dominate the distribution of news, music and books, and make massive inroads in retailing, communications and banking," he said.

"That same kind of seismic change is happening now in outplacement, as Fortune 500 companies and others rush toward a results-driven model that is more efficient, accessible, engaging and affordable. This funding gives us the resources we need to take full advantage of market shifts we see as inevitable and industry-changing."

Greg Williams, managing director of Accel-KKR, will join RiseSmart's board of directors.  Williams cited the company's superior management team, world-class client base, disruptive service delivery model and industry-leading technology platform as key factors in Accel-KKR's decision to invest in RiseSmart.

"Accel-KKR has significant interest and a number of investments in the HCM space, and in this capacity we have had the opportunity to observe RiseSmart's progress for some time," Williams said. "RiseSmart has a unique service model that differentiates the company in the marketplace, and as a result, it has demonstrated a consistent ability to earn the business of Fortune 500 clients, as well as that of companies of all sizes.  With the help of Accel-KKR's investment, we fully expect RiseSmart's momentum in gaining market share to grow dramatically."

RiseSmart has raised a total of $24.85 million since its founding in 2007, including previous investments from NVP, Storm Ventures and angel investors.

About RiseSmart

RiseSmart is a leader in enterprise career management solutions that drive employee engagement, improve retention, and burnish employer brands.  Through its results-oriented outplacement solution, RiseSmart Transition, and its employee-centric career-management platform, RiseSmart Compass, RiseSmart helps high-performing organizations successfully cultivate passionate, engaged employees and loyal alumni ambassadors. RiseSmart's innovative approach to human capital management has earned the company a wide range of awards and recognition from organizations including Bersin by Deloitte, Brandon Hall Group, the Best in Biz, Gartner Inc., the Golden Bridge Awards, LAROCQUE, the Momentum Index, Red Herring, the San Francisco Business Times, SiliconIndia, the Silicon Valley/San Jose Business Journal, the Stevie Awards and TIE.  For more information about how enterprise career management can help you, visit http://www.risesmart.com

About Accel-KKR

Accel-KKR is a technology-focused private equity firm with over $2.3 billion in assets under management.  The firm invests primarily in software and IT-enabled businesses well positioned for top-line and bottom-line growth.  At the core of Accel-KKR's investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through significant resources available through the Accel-KKR network.  Accel-KKR focuses on middle market companies and provides a broad range of capital solutions from minority growth investments to buyouts, recapitalizations, divisional carveouts and going-private transactions.  The firm has offices in Menlo Park, Atlanta and London.  For more information, please visit www.accel-kkr.com.

About Norwest Venture Partners

Norwest Venture Partners (NVP) is a multi-stage venture and growth equity investment firm that has partnered with entrepreneurs to build great businesses for more than 50 years. The firm manages more than $3.7 billion in capital and has funded over 500 companies since inception. Headquartered in Palo Alto, Calif., NVP has subsidiaries in Mumbai and Bengaluru, India and Herzelia, Israel. NVP makes early to late-stage venture and growth equity investments across a wide range of sectors including: technology, information services, business services, financial services, consumer products/services and healthcare. For more information visit: www.nvp.com.

About Storm Ventures

Storm Ventures is a venture capital firm focused on being the first or an early investor in enterprise IT companies in mobile, SaaS and cloud.  Storm was founded by a seasoned group of industry veterans with the common vision of sharing our collective experience, passion and energy to be a trusted advisor to the talented and driven entrepreneurs that partner with us. Storm has invested in over 100 companies including Airespace (Cisco), Appcelerator, Com2uS (Korea IPO), EchoSign (Adobe), IML (Taiwan IPO), Kidaro (Microsoft), Lightera (Ciena), Marketo, MobileIron, NetScaler (Citrix), Rafter, SandForce (LSI), Sanera (McData/Brocade), and Sierra Monolithics (Semtech). For more information visit: www.stormventures.com

SOURCE RiseSmart

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@CloudExpo Stories
Puppet Labs is pleased to share the findings from our 2015 State of DevOps Survey. We have deepened our understanding of how DevOps enables IT performance and organizational performance, based on responses from more than 20,000 technical professionals we’ve surveyed over the past four years. The 2015 State of DevOps Report reveals high-performing IT organizations deploy 30x more frequently with 200x shorter lead times. They have 60x fewer failures and recover 168x faster
SYS-CON Events announced today that IceWarp will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IceWarp, the leader of cloud and on-premise messaging, delivers secured email, chat, documents, conferencing and collaboration to today's mobile workforce, all in one unified interface
Containers are not new, but renewed commitments to performance, flexibility, and agility have propelled them to the top of the agenda today. By working without the need for virtualization and its overhead, containers are seen as the perfect way to deploy apps and services across multiple clouds. Containers can handle anything from file types to operating systems and services, including microservices. What are microservices? Unlike what the name implies, microservices are not necessarily small,...
All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo, November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Learn what is going on, contribute to the discussions, and e...
This Enterprise Strategy Group lab validation report of the NEC Express5800/R320 server with Intel® Xeon® processor presents the benefits of 99.999% uptime NEC fault-tolerant servers that lower overall virtualized server total cost of ownership. This report also includes survey data on the significant costs associated with system outages impacting enterprise and web applications. Click Here to Download Report Now!
SYS-CON Events announced today that G2G3 will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based on a collective appreciation for user experience, design, and technology, G2G3 is uniquely qualified and motivated to redefine how organizations and people engage in an increasingly digital world.
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
The 3rd International WebRTC Summit, to be held Nov. 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 15th International Cloud Expo, 6th International Big Data Expo, 3rd International DevOps Summit and 2nd Internet of @ThingsExpo. WebRTC (Web-based Real-Time Com...
As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of ...
SYS-CON Events announced today that DataClear Inc. will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The DataClear ‘BlackBox’ is the only solution that moves your PC, browsing and data out of the United States and away from prying (and spying) eyes. Its solution automatically builds you a clean, on-demand, virus free, new virtual cloud based PC outside of the United States, and wipes it clean...
In 2014, the market witnessed a massive migration to the cloud as enterprises finally overcame their fears of the cloud’s viability, security, etc. Over the past 18 months, AWS, Google and Microsoft have waged an ongoing battle through a wave of price cuts and new features. For IT executives, sorting through all the noise to make the best cloud investment decisions has become daunting. Enterprises can and are moving away from a "one size fits all" cloud approach. The new competitive field has ...
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
With the proliferation of connected devices underpinning new Internet of Things systems, Brandon Schulz, Director of Luxoft IoT – Retail, will be looking at the transformation of the retail customer experience in brick and mortar stores in his session at @ThingsExpo. Questions he will address include: Will beacons drop to the wayside like QR codes, or be a proximity-based profit driver? How will the customer experience change in stores of all types when everything can be instrumented and a...
SYS-CON Events announced today the Containers & Microservices Bootcamp, being held November 3-4, 2015, in conjunction with 17th Cloud Expo, @ThingsExpo, and @DevOpsSummit at the Santa Clara Convention Center in Santa Clara, CA. This is your chance to get started with the latest technology in the industry. Combined with real-world scenarios and use cases, the Containers and Microservices Bootcamp, led by Janakiram MSV, a Microsoft Regional Director, will include presentations as well as hands-on...
Moving an existing on-premise infrastructure into the cloud can be a complex and daunting proposition. It is critical to understand the benefits as well as the challenges associated with either a full or hybrid approach. In his session at 17th Cloud Expo, Richard Weiss, Principal Consultant at Pythian, will present a roadmap that can be leveraged by any organization to plan, analyze, evaluate and execute on a cloud migration solution. He will review the five major cloud transformation phases a...
Amazon and Google have built software-defined data centers (SDDCs) that deliver massively scalable services with great efficiency. Yet, building SDDCs has proven to be a near impossibility for ‘normal’ companies without hyper-scale resources. In his session at 17th Cloud Expo, David Cauthron, founder and chief executive officer of Nimboxx, will discuss the evolution of virtualization (hardware, application, memory, storage) and how commodity / open source hyper converged infrastructure (HCI) so...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies leverage disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advance...
In today's digital world, change is the one constant. Disruptive innovations like cloud, mobility, social media, and the Internet of Things have reshaped the market and set new standards in customer expectations. To remain competitive, businesses must tap the potential of emerging technologies and markets through the rapid release of new products and services. However, the rigid and siloed structures of traditional IT platforms and processes are slowing them down – resulting in lengthy delivery ...
In his session at @ThingsExpo, Lee Williams, a producer of the first smartphones and tablets, will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater. He will explain how M2M controllers work through wirelessly connected remote controls; and specifically delve into a retrofit option that reverse-engineers control codes of existing conventional controller systems so the...
The web app is agile. The REST API is agile. The testing and planning are agile. But alas, data infrastructures certainly are not. Once an application matures, changing the shape or indexing scheme of data often forces at best a top down planning exercise and at worst includes schema changes that force downtime. The time has come for a new approach that fundamentally advances the agility of distributed data infrastructures. Come learn about a new solution to the problems faced by software organ...