Human resource specialists often aren’t qualified or able to judge the technical abilities of the staff they hire. UK-based startup Technically Compatible provides a simple solution with a platform that allows recruiters to test the skills of IT professionals and hire the right people. The startup has just secured £500k from the North East Venture Fund, supported by the European Regional Development Fund and managed by Mercia Fund Managers.
The company’s online assessment platform allows businesses to check the abilities of developers and IT staff, reducing the risk of a bad hire, and speeding up the recruitment process.
Established in 2014, Technically Compatible now has customers in over 40 countries, including public sector organisations such as NHS Digital and HM Land Registry, blue chip corporates like Sage, KPMG and Next and fast-growing tech firm such as Salary Finance and Softwire.
The company raised £400k in 2016 to help it develop the platform. This latest funding round will enable it to build the management team, step up its sales and marketing activity and provide working capital to support its growth.
Mike Rohan, the CEO of Technically Compatible, said: “The investment will help us scale our operation and expand our engineering, customer success and marketing functions to keep up with demand. We aim to grow by 150% over the coming year. We look forward to working with the team at Mercia and the North East Venture Fund to execute our plan and create more high-value tech jobs in our home town of Sunderland.”
Ian Wilson, who leads Mercia’s team in the North East, added: “Developers are in high demand but it is notoriously difficult to ensure that candidates have the right skills for the job, so companies often make poor hiring decisions. Technically Compatible not only allows employers to check candidates’ technical abilities but also carry out personality and psychometric testing. The funding will allow it to strengthen its team and move on to the next stage of its development.”