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Peter Yozzo, President & CEO ThinkHR
PLEASANTON, CA, October 24, 2012
/24-7PressRelease/ -- ThinkHR, the industry leader in providing live, human-assisted search that turns technology and information into complete actionable solutions, today announced revenues have doubled year over year in 2012. The unprecedented growth was achieved through ThinkHR's ability to partner with hundreds of brokers, ranging from the country's largest agencies to independent, sole proprietor types, and other partners in payroll and association markets. ThinkHR offers a suite of services that enable partners and employers to solve HR issues quickly and easily.
ThinkHR's target market is based on a combination of data derived from The Census Bureau, The Small Business Association and proprietary industry research. Of the 23 million small to medium sized businesses in the U.S., only 1 in 30 have a human resources professional on staff but 30 out of 30 have HR questions. That means 22 million companies do not have access to quality human resources support in-house. ThinkHR estimates the market opportunity for their services to be a $110 billion opportunity.
Peter Yozzo, President and CEO of ThinkHR, explained, "Brokers are excited to partner with ThinkHR because we are able to provide employers of any size, in any industry, with the ability to resolve complex issues quickly, easily and inexpensively. The diverse demographic of the brokers working with us is a testament to our broad appeal which is underscored by our exclusive contracts with 41 of the Business Insurance 100 agencies."
ThinkHR's record growth was further endorsed through the addition of Steve King to its Board of Directors. Mr. King has 25 years of senior leadership experience and has led highly successful corporate expansion initiatives throughout his career including DocuSign, Virtela Communications, ZANTAZ and E*Trade Financial. He was also a recipient of the prestigious Ernst & Young Entrepreneur of the Year award in 2006.
"We are privileged to have someone with Steve's leadership and knowledge join our Board," Mr. Yozzo commented. "Steve is well-known in Silicon Valley for his work with companies positioned for rapid growth. ThinkHR is poised to diversify into other business verticals beyond insurance and payroll and Steve will work closely with us as we execute our overall growth strategies."
About ThinkHR
Founded in 2005, ThinkHR Live "Smart Search" turns complex technology and information into complete solutions, helping employers save time and money by providing trusted answers to solve challenging HR issues immediately. ThinkHR Live is an innovative, on-demand resource that provides access to live HR experts. Our HR experts have access to our proprietary HR Answerbase of 100,000+ questions and answers and 300+ data feeds of content. ThinkHR is the best solution to discover answers to questions, thus enabling business owners, managers, and HR professionals to stay current with regulatory compliance and "best practice" principles and be more informed, effective, and efficient with their time. For more information, visit:
www.thinkhr.com.
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