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VSS acquires and merges recruitment services providers Qwiz and ePredix13/07/2005. Source: AltAssets. 
 Media and information private equity firm Veronis Suhler Stevenson has signed a definitive agreement to become the majority shareholder in a new entity created by the merger of Atlanta-based online job-related skills testing and candidate selection strategy provider Qwiz and Minneapolis-based ePredix, a provider of online personality, behavioural and cognitive pre-employment assessment and employee development tools.
Scott Troeller, general partner of Veronis Suhler Stevenson, said, 'This transaction was a highly collaborative effort between ePredix, Qwiz and Veronis Suhler Stevenson. It's a very good example of how private equity can play a productive and creative role in helping shape an industry sector.'
'We expect that these strong management teams will be able to capitalise on the industry opportunities both organically as well as through strategic acquisitions,' Troeller continued.
Michael Kessler, a managing director of Veronis Suhler Stevenson, added, 'Until now, no single provider has had the combination of content, scale and technology to satisfy the complete employee selection and development needs of large, global companies and mid-sized enterprises alike. This is an opportune time for these two companies to pursue a consolidation strategy.'
VSS is a private equity and mezzanine capital fund management company dedicated to investing in the media, communications and information industries in North America and Europe. Since 1987 VSS has managed approximately $2bn in committed capital across four private equity funds and a mezzanine debt fund.
Copyright © 2005 AltAssets
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