Kodiak Venture Partners Uses Contact Networks' Software to Quickly and Efficiently Search for Management Talent to Grow its Portfolio Companies into Market Leaders
ContactNet Has Automatically Compiled a Firm Wide Catalog of Relationships That Can Be Searched to Quickly Identify Potential Candidates
Boston, MA – February 27, 2006 - Contact Networks ( www.contactnetworks.com), a leading provider of Enterprise Relationship Management (ERM) software for professional services firms, today announced that Kodiak Venture Partners (www.kodiakvp.com), a seed and early stage venture capital firm, has selected ContactNet to better leverage its network of relationships to benefit its portfolio companies. Kodiak provides its 35 portfolio companies with funding, advice, and most importantly, strong talent to help them grow into market leaders. Now Kodiak has a quick and efficient way to search for and identify potential candidates.
In the past, Kodiak Venture Partners wasn't able to efficiently track or access all the relationships that exist within the firm. A solution was needed, particularly one that could help streamline the process of recruiting and team building for its portfolio companies. Kodiak was looking for a tool that was easy-to-use, did not require any data entry, and didn't have to be installed on every partner's desktop. Based on these criteria, the firm implemented ContactNet, which provides a quick and efficient way to catalog, search, and leverage Kodiak's more than 25,000 unique relationships at 4,500 companies.
"Our relationships are one of our greatest assets," said Steve Maxwell, Recruiting Partner at Kodiak Venture Partners. "With ContactNet, we have a searchable repository containing information about the hundreds of people we know, which helps us quickly and easily find potential candidates. It also helps us strengthen reference checking by identifying partners who have relationships with a candidate's previous employers. ContactNet enables us to find this information without disrupting partners with email blasts or office drop-ins."
"Most firms try to use their network of relationships when they need to fill an important position," said Geoffrey Hyatt, Founder and CEO of Contact Networks. "For firms like Kodiak Venture Partners who have thousands of relationships, and spend a great deal of time in the candidate search process for its portfolio companies, a more rigorous method for recruiting is required. We're pleased that ContactNet is providing Kodiak a systematic way to index, search for and identify key contacts."
Contact Networks provides an enterprise search engine for relationships that enables professionals to quickly and easily identify which of their colleagues has the strongest connection to a target person, company, or industry. It requires no manual data entry and takes less than a week to install and launch. The world's leading firms, including global consulting companies, law firms, and financial services businesses, use Contact Networks' proprietary technology every day.
About Kodiak Venture Partners
Kodiak Venture Partners is a Waltham, Mass.-based venture capital firm focused on seed and early stage investments in emerging communications/IT, semiconductor and software companies. With a focus in the eastern regions of the U.S. and Canada, Kodiak Venture Partners builds relationships with entrepreneurs seeking accelerated market success. Kodiak's investment partners are successful high-technology business entrepreneurs who take a high-impact, hands-on approach to forming, operating, building and funding market leaders. For more information, visit www.kodiakvp.com.
About Contact Networks
Contact Networks is the most experienced provider of Enterprise Relationship Management (ERM) solutions for professional services firms. Since 2002, the company’s ContactNet software has been helping professionals generate more new business by enabling them to leverage their firm’s entire extended network of relationships. ContactNet is an automated search tool that immediately identifies colleagues that have the strongest relationships with a valuable prospect. Customers include global consulting firms, law firms and financial services firms such as Mintz Levin and Sagent Advisors. For more information, visit www.contactnetworks.com or call 617.305.7961.