TalentCircles, Inc. Acquires Exclusive Rights to Workforce Inventory & Scoring Patent
SAN BRUNO, CA — 06/20/17—TalentCircles, Inc., a leading provider of Talent Community platforms, announced today that it has acquired exclusive rights to one of the original patents created within the human capital management industry: methods for reviewing and qualifying a workforce. The patent, acquired from CorporateFables, Inc. for an undisclosed amount, provides highly configurable scoring systems and builds the foundation for evaluating the performance capabilities of talent relative to position specifications. Talent, as designated within the patent, includes applicants, as well as part-time and full-time employees, who are covering the current and future needs of an inventoried workforce.
“We are very pleased to be able to announce this important acquisition,” stated Susan Magrino, CEO of TalentCircles, “since it is very rare to find a strategic match this closely aligned.” Ms. Magrino added that TalentCircles continues to have additional patents pending.
Best known for medium to large-sized talent networks, TalentCircles has implemented features that range from screening members with ‘Questionnaires and Video Chat’ to engaging the workforce with ‘Limited Reviewers and Matching.’ The open system architecture supports the configuration of each platform to provide the tools specifically required by each client.
TalentCircles is expanding the platform to prepare for the shifting talent demands of the new economy. “The acquisition of our first patent allows TalentCircles to be ready for the many segments of recruiting and managing a generational workforce. Every member of the new economy, from Gig-Worker to a Boomerang, is supported within our platform,” Ms. Magrino stated, “and we are pleased to continue to build out the vision.”
About TalentCircles Founded in August of 2011, TalentCircles is a Silicon Valley cloud-based company providing the platform that enables talent connection solutions for employers of all sizes and needs. Based in San Bruno, California, the TalentCircles team focuses on ‘staffing, education, government and organizations that value a diversified workforce’. For more information, please contact: