BURBANK, Calif.--(BUSINESS WIRE)--PSI Services LLC (PSI), a worldwide, industry-leading professional testing services provider to corporations, federal and state government agencies, professional associations, certifying bodies and leading academic institutions, today announced that they have acquired Performance Assessment Network (PAN), a recognized leader in talent assessments and measurement solutions for the Corporate, Government and Education marketplace worldwide.
The acquisition of PAN extends PSI’s product range and solution reach for its Talent Assessment market segment, providing an opportunity for the combined portfolio to expand their hiring and development programs leveraging PAN’s world-class assessment technology, supported by content from PAN’s industry-leading assessment catalog and PSI’s seventy years of expertise providing products and industry-leading psychometric consulting in the Talent Assessment industry.
“The PAN acquisition supports PSI’s expansion plans for our Talent Assessment market (PSI’s original market segment) as we look for strategic opportunities to continue our growth,” said Steve Tapp, President and CEO of PSI. “By combining PSI’s extensive psychometric consulting arm, industry leading assessment products, and operational expertise with PAN’s expanded leading edge technology and test catalog, including IPAT published products, PSI is well-positioned to deliver world-class solutions and provide more choice to the Human Capital marketplace.”
Jim Holm, PAN’s CEO, said, “We believe the partnership with PSI to be an excellent growth opportunity. The worldwide operational resources and test security experience of PSI, combined with PAN’s more than 16,000 active testing administrators and HR managers using PAN’s technology and catalog to hire and develop great employees, will provide a unique suite of robust product solutions to accelerate growth and provide enhanced services.”
PSI provides various solutions worldwide through its multiple business channels including talent assessments (of job-seeking candidates as well as employee development programs), licensure testing and license management services (for government regulatory agencies), certification credentialing services (for certifying bodies) and leading academic institutions. PSI offers clients various solutions to measure, assess and identify the skills, traits and abilities of individuals seeking jobs, degrees, and licensure or certification credentials.
PAN was founded in 2000 by two clinical psychologists that saw a need to compile the best online assessments onto one platform. Today, PAN is the leading provider of talent measurement solutions to help organizations of all sizes hire, develop, and retain the right talent. PAN’s suite of industry-leading assessment tools, innovative technology, and support services offers clients a single source for streamlined people measurement. More information is available at www.panpowered.com.
PSI Services LLC (PSI) has over 70 years of experience providing worldwide testing solutions to corporations, federal and state government agencies, professional associations, certifying bodies and leading academic institutions. PSI offers a comprehensive solutions approach from test development to delivery to results processing, including pre-hire employment selection, managerial assessments, licensing and certification tests, distance learning testing, license management services and professional services. More information is available at www.psionline.com.