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The Predictive Index Secures $50 Million Investment from General Catalyst

January 24, 2019

BOSTON--(BUSINESS WIRE)--Jan 24, 2019--The Predictive Index, the leader in talent optimization, today announced that it raised $50 million in growth-stage capital from General Catalyst to accelerate its mission of transforming how companies optimize their talent—by aligning business strategy with people strategy for optimal business results.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190124005218/en/

“At The Predictive Index, we’re excited to accelerate growth, launch the talent optimization category, and fuel our mission of ‘Better Work, Better World’ — and continue the evolution with General Catalyst.” -Mike Zani, CEO (Photo: Business Wire)

The Predictive Index (PI) is a technology company that gives business leaders access to the people science, data, and strategy they need to make objective hiring decisions, design great teams and culture, and reach their strategic business goals. PI has more than 7,000 customers—including Nissan, Citizens Bank, DocuSign, Subway, 47 Brand, Blue Cross Blue Shield, and Omni Hotels—across 142+ countries, and has undergone more than 500 validity studies.

The funds will be used to accelerate company growth and launch a new market category, and:

Build and empower the world’s first global talent optimization network Launch a strategic maturity model and detailed playbook on how to successfully design, hire, and inspire winning teams Kick off the world’s first talent optimization industry conference Accelerate and evolve the product roadmap Double employee headcount to support all of these efforts

“Before purchasing PI in 2014, my business partner Daniel Muzquiz and I were former PI clients, doing talent optimization intuitively for over a decade now,” said Mike Zani, CEO of The Predictive Index. “We’ve invested tens of millions of dollars back into the business to evolve The Predictive Index into a talent optimization platform. We’re excited to accelerate growth, fuel our mission of ‘ Better Work, Better World,’ and continue the evolution with General Catalyst.”

“The Predictive Index protects the manager from making a bad hiring decision,” said Joan Jones, Senior Manager at Nissan, “and has given me a quantifiable and sustainable approach to predict sales performance.”

“This year, low unemployment and high turnover will further magnify the importance of talent,” said Kirk Arnold, Executive in Residence at General Catalyst and new PI board member. “Having a talent strategy which aligns and supports business strategy is a requirement for any business to be successful. We are impressed by the depth and breadth of The Predictive Index platform and are excited to be working with a team that has such a compelling vision .”

Over the past four years, The Predictive Index has executed its growth strategy by heavily investing profits back into the business, and:

Acquired 5,500 new clients Grew its PI Certified Partner Network 200% Increased net billings growth rate to 40% Developed a new market category called talent optimization

In 2019, The Predictive Index will be laser-focused on educating leaders on how to use its talent optimization software and data insights to improve their odds of creating winning teams. Execution of this plan has the company projecting rapid expansion of its client base and build-out of the world’s largest network of talent optimization consulting firms.

About The Predictive Index The Predictive Index (PI) is an award-winning talent optimization platform that aligns business strategy with people strategy for optimal business results. Sixty years of proven science, software, and a robust curriculum of insightful management workshops make PI the solution for any company looking to design great teams and culture, make objective hiring decisions, and inspire greatness in their people anywhere in the world. More than 7,000 clients use PI—including Nissan, Citizens Bank, DocuSign, Subway, 47 Brand, Blue Cross Blue Shield, and Omni Hotels—across 142+ countries. Learn more at http://www.predictiveindex.com/.

About General Catalyst General Catalyst is a venture capital firm with approximately $5B raised to date that makes early-stage and transformational investments. We back fearless entrepreneurs who are building market-leading technology companies like Airbnb, BigCommerce, ClassPass, Datalogix, Datto, Demandware, Gusto, The Honest Company, HubSpot, KAYAK, Oscar, Snap, Stripe, and Warby Parker. With offices in San Francisco, Palo Alto, New York City and Boston, our portfolio companies benefit from a bicoastal network of talent, customers, and opportunity. For more: www.generalcatalyst.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190124005218/en/

CONTACT: Jennifer Moebius

The Predictive Index

1-800-832-8884

jmoebius@predictiveindex.com

KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT NETWORKS SOFTWARE PROFESSIONAL SERVICES CONSULTING HUMAN RESOURCES

SOURCE: The Predictive Index

Copyright Business Wire 2019.

PUB: 01/24/2019 09:04 AM/DISC: 01/24/2019 09:04 AM

http://www.businesswire.com/news/home/20190124005218/en

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