Updating Philadelphia's "Young Companies to Watch"
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Tom Paine
I've updated Philly Tech News' "Young Companies to Watch" by removing Octagon Research Solutions after the completion of its acquisition by Accenture, which I wrote about here: (Accenture completes acquisition of Octagon Research Solutions; will be "fully integrated"). Although I don't know how much Accenture paid for it, Octagon was at the top of my list based on a rough estimate of potential market value.
To replace Octagon, I've added SkillSurvey of Wayne. Founded in 2001, SkillSurvey has been a pioneer in automating web-based reference-checking in the employment application process. According to a Bloomberg article earlier this year, the company said last year’s revenue was $9.5 million and this year's should be more than $14 million. SkillSurvey has raised $5.7 million from investors including Milestone Venture Partners and Inflection Point Ventures. It is probably a good M&A candidate giving the consolidation going on now in the talent management space.
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