Acadia HCS Acquired $5 Million Round of Financing Secured.Company's Technology to Be Advanced into Online Strategic Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. Platform CHARLESTON, S.C. -- Acadia Human Capital Solutions, a Columbia, SC-based software company focused on Strategic Human Resources (SHR SHR Shore SHR Spontaneously Hypertensive Rat SHR Staff Human Resources SHR Saskatoon Health Region (Saskatoon, SK, Canada) SHR Shift Logical Right SHR Sensible Heat Ratio SHR Supplementary Homicide Report SHR Steroid Hormone Receptor ), announced today that it has been acquired by private company PMW PMW Pacific Media Watch PMW Palestine Media Watch PMW Patmont Motor Werks PMW Pari-Mutuel Wagering PMW Passive Microwave PMW Project Management Workshop PMW Perfect Magnetic Wall PMW Program Manager, Warfare (SPAWAR) Technologies in conjunction with a $5 million round of venture capital financing To start an own company or to bring a new product to the market, the venture may need to attract financial funding. There are several categories of financing possibilities. If it is a small venture, then perhaps the venture can rely on family funding, loans from friends . Acadia will relocate to Charleston, South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. and is now managed by former Benefitfocus executives Nate DaPore, serving as President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , and John Smith, serving as Chief Technology Officer. The $5 million round, which is the company's first institutional financing, was led by Intersouth Partners of Durham, NC, with participation by C&B Capital of Atlanta, GA. This financing will be used to develop the company's technology into a comprehensive online solution named the Acadia platform and will expand Acadia's current offering into six core areas critical to developing and motivating a company's workforce: onboarding, learning management, performance management, communication, compensation and succession planning Management Succession Planning In organizational development, succession planning is the process of identifying and preparing suitable employees through mentoring, training and job rotation, to replace key players — such as the chief executive officer (CEO) — . These fully integrated capabilities will bring the power of high-end SHR systems to small and mid-sized business, giving them a cost-effective means to manage the entire employee lifecycle, from hire to retire. The Acadia platform will also support micro-applications that can be developed by the customer or third party developers, to provide functionality beyond the six core applications. Easy integration with other third party HR management systems, such as payroll, will be achieved via the company's Integration-as-a-Service (IaaS) data exchange engine. "Our Acadia platform will help companies attract, develop, and motivate their workforce to ensure employees realize their full potential to operate in a high-performance workplace. By providing the means to easily offer all employees the training and development they need, these companies will become the best and most desirable places to work." said Nate DaPore, President and CEO of Acadia. John Smith, Acadia's Chief Technology Officer stated "Our new Software-as-a-Service platform will deliver a powerful and cost-effective system that easily integrates with other business applications. Companies with as few as ten employees will be able to start providing the high levels of training and career development that until now only large corporations could afford to offer." "With today's focus on people as the most important asset of a company, and businesses working to be as efficient as possible - with both their human resources and their capital - Acadia is perfectly positioned to take advantage of a growing market that is vastly underserved," said Mitch Mumma, General Partner of Intersouth Partners, who will join the Acadia board of directors. "This market opportunity, coupled with the company's proven technology and the experience of the new management team, make Acadia an exciting investment." PMW Technologies was represented in this transaction by Atlanta-based investment bankers Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. Croft CROFT, obsolete. A little close adjoining to a dwelling-house, and enclosed for pasture or arable, or any particular use. Jacob's Law Dict. and Bender, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . About Acadia Since 2001, Acadia Human Capital Solutions has been a leading provider of Strategic Human Resources and Workforce Productivity software and services, enabling organizations to manage their employees from onboarding through full career development. |
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