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ThisWay Global launches AI software platform to transform the recruitment industry.

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ThisWay Global, a Cambridge-based company, founded and developed at ideaSpace at University of Cambridge, launched its Artificial Intelligence (AI) software platform, GPS, at South by Southwest (SXSW) in Austin, Texas.

ThisWay’s platform streamlines the recruitment process by matching high-quality candidates to the most relevant job opportunities using its machine learning algorithms.

Their AI technology reduces the costs and time of hiring through taking care of the high-tech and most fatiguing aspects of recruitment, so recruiters can focus their time and energy on critical high-touch aspects.

The machine-learning platform is used to enhance the recruitment process for businesses and individuals across a number of sectors, particularly in scientific, professional and technical sectors.

ThisWay also partners with recruiters to help augment the talent acquisition process – its AI software platform complements the search process.

The best and most innovative companies realise that increasing diversity and inclusion gives them a competitive advantage and increases their ROI. ThisWay’s de-biasing methodology and proprietary network of API’s (application program interface) provides a much broader pool of quality and diverse candidates for their customers, across the globe.

Angela Hood, CEO at ThisWay Global, commented:

The recruitment process has been stuck in a time warp for centuries – it’s still based on manual applications and time consuming resume reviewing and processing, mostly still done on paper.

Our web and mobile AI machine learning platform transforms this industry – which is why we are trusted by top multinational companies to help find the best candidates for the right jobs.

GPS finds the right candidate for the employer and the right opportunity for the candidate, without bias, using machine-learning algorithms.

For corporates, finding the right applicants is time consuming and expensive, frequently with disappointing results as candidates often apply for the wrong jobs.

For individuals, it can be a frustrating and a singularly disheartening process – this platform will help them navigate in a more diverse and fragmented employment environment.

We also work very closely with recruiters and recruitment agencies to make the talent acquisition process less labour intensive, giving them more time to focus on what really matters. We are quickly becoming the trusted tech-friend of the best recruiters.

As well as broadening the pool of candidates, more importantly because of the machine learning, better candidates with more diversity are short listed, more quickly.

GPS removed the inherent bias we all have reviewing resumes. Candidates’ also have bias’ and ThisWay’s methodology also introduces businesses to candidates in a way that is revolutionising the industry.”

ThisWay had almost 60,000 candidates signed up for beta testing, as well as top employers, including consultancies, global legal firms and other HR tech companies.

The Software as a Service (SaaS) web and mobile platform features can be used stand alone or seamlessly integrated into existing CRM and ATS systems. It is scalable and therefore affordable for small companies as well as multinationals.

The Company was incubated at ideaSpace, Hauser Forum, within the Institute for Manufacturing, University of Cambridge. The Group’s development team includes researchers and advisors from the University of Cambridge and University College London (UCL) who have secured five patents for it AI technology. ThisWay’s management team have several successful exits and IPO’s to their name.

Enquiries:

ThisWay Global

Angela Hood, CEO

+1 512-535-0639

Mark Stevenson, COO

+44 1233 451160

Instinctif Partners

+44 20 7457 2020

Adrian Duffield/Chantal Woolcock/Chris Birt

About ThisWay Global – https://www.thiswayglobal.com/

ThisWay Global was incubated for over two years at the University of Cambridge’s ideaSpace, and removes the challenges of the hiring process for businesses and individuals using its data analytics platform powered by machine learning.

ThisWay has developed a superior technology and methodology to help both businesses and individuals get more out of the time they invest in hiring, while eliminating conscious and unconscious bias in candidate profiling and selection, delivering greater ROI and increased diversity.

About Angela Hood, CEO

Angela is a successful serial entrepreneur, having founded and built three companies over the last twenty years, in sectors that range from land development to professional sports licensing industry. Angela founded ThisWay Global, her fourth company, in 2014, a Cambridge-based technology company that has developed a software platform powered by machine learning for the recruitment industry. Angela has also served on numerous non-profit and capital improvement boards in the US and in the UK and is a thought leader on topics including AI in the world of work and the real benefits of achieving diversity and inclusion within the workplace.

About Mark Stevenson, COO

Mark has over 25 years’ international experience in the recruitment sector and over 18 years’ board level experience. Mark has expertise running multi brand multi-site national and international groups with turnovers of up to £100 million as well as startups, leading them through to global expansion having worked across Europe, Scandinavia, Asia, US, Middle East and Australia. Mark has also held a number of senior operating positions including at AN Group, SRG, HRGO plc and Top Jobs on the Net Ltd.

How to Determine If You’re a Good Fit for the Job

By | Job market, Press Release, ThisWay Blog | No Comments

There are plenty of job sites out there, offering standard resume-to-opening or dropdown menu matching based on job experience, availability, and other standard qualifiers. At ThisWay, we know there’s more than what meets the eye when it comes to finding the perfect career match, such as inclusiveness, flexibility, or benefits. Give yourself a bit of relief with these tips, our first installment in a series of posts about the toolkit you need to ensure you aren’t unintentionally pursuing a short-term job, by forgetting key elements to landing a long-term career.

Read More

Mark Stevenson appointed Chief Operating Officer

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February 27, 2017

Mark Stevenson appointed Chief Operating Officer

ThisWay Global, a Cambridge-based technology company that is developing a software platform powered by machine learning for the recruitment industry, has appointed Mark Stevenson as Chief Operating Officer.

Mark joins ThisWay Global with over 25 years’ international experience in the recruitment sector and over 18 years’ board level experience. Mark has expertise running multi brand multi-site national and international groups with turnovers of up to £100 million as well as startups, leading them through to global expansion having worked across Europe, Scandinavia, Asia, US, Middle East and Australia.
Mark has also held a number of senior operating positions including at AN Group, SRG, HRGO plc and Top Jobs on the Net Ltd.

Angela Hood, founder and CEO of ThisWay, commented:

“Mark’s extensive international operational expertise in the recruitment industry will prove invaluable as we move into the next phase of our development. His wealth of industry experience has already been of great benefit, having worked with us as a consultant for the last year.

“His appointment as COO will strengthen our team greatly as we focus on capitalising on our transformational technology and exploiting our unique position in the recruitment industry.”

Mark Stevenson, COO at ThisWay Global, said:

“I am delighted to join ThisWay Global. Having worked with the company as a consultant for a year, I have seen first-hand how its proprietary machine learning technology delivers greater return on investment – saving businesses more than 50% in both time and money.

“I know how valuable it is for both employers and candidates to have access to a technology that can do in minutes what it takes humans weeks to do.”

ThisWay Global’s platform streamlines the recruitment process by matching high-quality candidates to the most appropriate job opportunities using innovative machine learning technology and methodologies.

Enquiries:

ThisWay Global
Angela Hood, CEO
Mark Stevenson, COO
01233 451160

Instinctif Partners
Adrian Duffield/Chantal Woolcock/Chris Birt
020 7457 2020

About ThisWay Global
ThisWay Global was incubated for over two years at the University of Cambridge’s ideaSpace, and removes the challenges of the hiring process for businesses and individuals using its data analytics platform powered by machine learning.
ThisWay has developed a superior technology and methodology to help both businesses and individuals get more out of the time they invest in hiring, while eliminating conscious and unconscious bias in candidate profiling and selection.

Mark Stevenson

Mark Stevenson, ThisWay COO

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ThisWay Global secures £1.6m to develop further machine learning platform for recruitment industry and expand internationally

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September 27, 2016

ThisWay Global secures £1.6m to develop further machine learning platform for recruitment industry and expand internationally

ThisWay Global Limited, a Cambridge-based technology company that is developing a software platform powered by machine learning for the recruitment industry, has secured £1.6 million from a funding round led by Imperial Innovations Group plc.

The round participants also include US-based Jetstream Ventures and Grupa Pracuj, a global recruitment technology company with a dedicated investment arm for emerging HR tech companies.

The funds will support the Company as it expands its offering to both recruiters and directly to internal human resource departments through its US, UK and European operations.

ThisWay’s platform streamlines the recruitment process by matching high-quality candidates to the most appropriate job opportunities using innovative technology and methodologies.

Angela Hood, founder and CEO of ThisWay, commented:

“This funding will allow us to exploit the high levels of customer interest we are experiencing, expand our operations internationally, continue to develop our data analytics platform and recruit the highly specialised talent we need to continue to grow the business.

“Traditional recruitment systems handle, or rather, struggle to handle, large amounts of complex, unstructured data. We have developed our machine learning data analytics platform to solve this problem.

“Our technology matches a broad spectrum of relevant candidates to jobs without the use of names, gender, ethnicity, or university background. Our platform helps companies eliminate subconscious bias in the selection process and provides them with a much wider and diverse pool of potential, pre-screened employees.

“Our technology uses novel sourcing methodology and large-scale matching capacity, with psychometric insights and machine learning algorithms, to revolutionise the way companies recruit employees. This new funding gives us the ability to do in minutes what it would typically take a recruiter 40 hours to do. It means they now have the time to do the high-touch work, leaving the high-tech part in our hands.”

The global recruitment industry is estimated to be worth an estimated $400 billion.

The Company was incubated at ideaSpace, Hauser Forum, within the Institute for Manufacturing, University of Cambridge. The Group’s development team includes researchers and advisors from the Computer Science and Psychology Departments at the University of Cambridge and University College London (UCL).

Kelsey Lynn Skinner, Director of Tech Ventures at Imperial Innovations, commented:

“There is a huge market opportunity for a more effective methodology to match high quality job candidates with appropriate opportunities. Corporates want a productive, fast, and low-cost recruitment solution that yields employees with high retention potential.

“ThisWay Global is the best technology we’ve found to address this problem with a novel solution that combines an exceptionally wide search with a high accuracy matching algorithm, resulting in faster and better-quality matches.

“The Company, while still early in technical development and commercial execution, is typical of our seed investment strategy for UK emerging technologies with high potential impact in large global markets.”

For more information, contact:

ThisWay Global
Angela Hood, CEO
contact@thiswayglobal.com

Instinctif Partners
Adrian Duffield/Chantal Woolcock
020 7457 2020

About ThisWay Global

ThisWay Global was incubated for over two years at the University of Cambridge’s ideaSpace, and removes the challenges of the hiring process for businesses and individuals using its data analytics platform powered by machine learning.

ThisWay has developed a superior technology and methodology to help both businesses and individuals get more out of the time they invest in hiring, while eliminating conscious and unconscious bias in candidate profiling and selection.

The Company is based in Cambridge, UK, and has an R&D team that spans 14 countries.

About Imperial Innovations

Imperial Innovations Group plc creates, builds and invests in pioneering technology companies and licensing opportunities developed from outstanding scientific research from the ‘Golden Triangle,’ the geographical region broadly bounded by London, Cambridge and Oxford.

This area has an unrivalled cluster of outstanding academic research and technology businesses, and is home to four of the world’s top 10 universities, as well as leading research institutions, the cream of the UK’s science and technology businesses and many of its leading investors.

Innovations supports scientists and entrepreneurs in the commercialisation of their ideas, through the licensing of intellectual property, by leading the formation of new companies, by recruiting high-calibre management teams and by providing investment and encouraging co-investment.

Innovations remains an active investor over the life of its portfolio companies, with the majority of Innovations’ investment going into businesses in which it is already a shareholder.

Since becoming a public company in 2006, Innovations has raised more than £440 million of equity from investors, which has enabled it to invest in some of the most exciting spin-outs to come out of UK academic research. In addition, the Group has agreed £80.0 million in loan facilities from the European Investment Bank (EIB).

Between Innovations’ admission to AIM (August 2006) and 31 July 2015, Innovations had invested a total of £236.8 million across its portfolio companies, which had raised collectively investment of £1.3 billion.

Investor Group

Group of Investors & ThisWay Management

ThisWay Team

ThisWay Team in Cambridge, UK

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