PayScale Wins Best Demo for Web Services at 2006 WSA Investment Forum
Company hosts world's largest ongoing salary survey poised for upcoming market expansion
SEATTLE, May 25, 2006 – PayScale, a market a market leader in online compensation and benefit information, was selected as the Best Demo in the Web Services category at the 2006 WSA Investment Forum. The judges included: Brian Goffman (Madrona Venture Group), Eric S. Byunn (FTVentures), Gus Tai (Trinity Ventures), Mike Dierks (Intel Capital). The 13th annual WSA Investment Forum, held Thursday May 25 at the Bell Harbor International Convention Center, provides emerging technology companies the opportunity to pitch potential investors and customers.
Every day individuals submit detailed job profiles, compensation, and workplace information to PayScale to compare their pay with their peers and obtain market rates for their job, skills, and location. PayScale’s ability to present highly targeted compensation information stems from its unique data collection methodology. An advanced patent-pending search algorithm is used to analyze data on every variable and determine the best match. Calculations are then performed on matching profiles to determine average salaries, bonuses, and other statistical information about the sample. Every report is unique and generated in real-time.
“The WSA Investment Forum is always a showcase of the Puget Sound’s most innovative emerging technology companies,” said Mike Metzger, President and CEO of PayScale. “It is a real honor for PayScale to be singled out as a category winner at the 2006 event, with so many strong and exciting start-ups in the field.”
Founded in 1984, the WSA (formerly the Washington Software Alliance) is a state-wide trade association focused on helping Washington state technology companies succeed. With more than 1,000 member companies representing more than 50,000 software, Internet, telecommunications and technology company employees, the WSA is a catalyst for setting new industry directions, sharing expertise, delivering key business services, and leading the advocacy of issues necessary to keep Washington a leader in the digital economy. For information, please see www.wsa.org.
PayScale (www.payscale.com) is a market leader in online compensation and benefit information, providing access to accurate compensation data for both employees and employers. With the ability never before available for uniquely matching job and company specific attributes, PayScale allows users to obtain an unparalleled level of compensation information, providing a precise snapshot of current market pay. Launched in 2002 and headquartered in Seattle, Washington, PayScale owns the largest online database of employee salary information in the world and has a patent pending methodology for compiling and aggregating compensation data
Zeno Group (for PayScale)