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Ottawa, Canada. March 3rd 2022 – CykoMetrix, a SaaS-based psychometric platform company, finished a six-figure investment round. It offers a platform for service-providers that solves the business service provider challenge of getting repeat engagements with clients.
The subscription-based platform offers a white-label offering
specifically designed to give service-providers and their clients the
psychometric information they need to precisely deploy development activities
using online human data analytics. Contrary to most psychometric
assessment-makers, CykoMetrix partners with resellers to integrate their own proprietary
assessments and use the platform’s data analysis platform to benchmark results
and track developments over time.
Using
proprietary algorithms, the CykoMetrix service also provides its own industry-proven
psychometric assessments to its resellers, empowering them to engage their
clients in effective continuous development, maximizing effectiveness, and
productivity, out of the box too. The system automatically suggests to both the
client company and the reseller what activities would be most valuable to
develop the client’s teams. CykoMetrix
can track their employee’s psychometrics and training suggestions as they
evolve over time. The process therefore
allows company executives to spend their development budgets precisely where it
is needed.
Ross
Norrie, CykoMetrix CTO, explains. “We found out that companies often had a difficult
time convincing their executives to spend their development budgets
consistently and receive proper ROI feedback from the activities that came
after psychometric assessments issued by their human resources departments. Our platform bridges the communications gap,
which helps companies convince their executives it is worthwhile to continue
doing development activities through data tracking and our other features.”
CykoMetrix
has clients in North America and Asia and are looking to expand on other
continents.
About CykoMetrix
CykoMetrix is a leading edge combinatorial psychometric and
human data analytics company that brings the employee assessment industry to
the cloud, with instant assessments, in-depth analysis, trait measurements, and
team-based reporting features that simplify informed decision-making around
recruiting, training, and managing today’s modern workplace.