Business Services Industry
Intelligence test attracts venture capital.
Australasian Business Intelligence, October, 2006
Byline: Emma Connors
Oct 30, 2006 (The Australian Financial Review - ABIX via COMTEX) -- Psychometric tests to measure emotional intelligence are at the heart of Melbourne-based company Genos. The online tests and development tools are used by companies as big as Australia Post and GM Holden to improve productivity. Each time the tests are employed - and there are 500 people in Australia and the US qualified to use the system - Genos gets a fee for the report its system generates. The technology is based on research by Swinburne University professors Con Stough and Ben Palmer. They, the university and Evolution Capital are shareholders in Genos. In late October 2006 venture-capital firm Divergent Capital announced it would invest $A1m in Genos.
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