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Accolo is named the #1 Fastest Growing Private Company in the SF Bay Area

Friday, October 20, 2006 12:00 am - by ccountouris
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“What’s particularly noteworthy is the fact that Accolo was growing during the same period that many recruitment related technologies and companies were going out of business when the dot-com bubble burst.”

Larkspur, CA – October 20, 2006 – Accolo, Inc., an innovator in professional-networking based Recruitment Process Outsourcing (RPO), today announced that it has been recognized as the number one fastest growing private company in the San Francisco Bay Area.

The Top 100 Fastest Growing Private Companies annual award is presented by the San Francisco Business Times and by PriceWaterhouseCoopers. It recognizes Bay Area-based private companies by revenue growth for the threeyear period 2003 to 2005.

Scott Foos, Executive Director for the Recruitment Process Outsourcing Association (RPOA) commented, “Recruitment Process Outsourcing is rapidly expanding, and Accolo is a true leader in the industry. The RPO model is one where a company like Accolo literally becomes a company’s internal recruiting department. Accolo’s ability to outperform traditional internal recruiting departments and agencies based on quantifiable metrics is truly impressive.” “Our continued growth reflects the trend among businesses to incorporate outsourcing as part of their overall talent management and acquisition strategy,” said John Younger, President and CEO of Accolo. “Companies need to hire the right people quickly. By having Accolo provide the staff, management, process, technology and aggressive sourcing to find their top performers, our clients can focus on their core business.”

“Accolo’s formula is unique in the marketplace. In addition to incorporating industry best practices, we built a proprietary referral network of over 400,000 members that is growing by 10 percent per month. To date, our members have referred more than 10,000 candidates, and these referrals serve as our top source of hires. We have repeatedly proven the viability of our process and technology for jobs across hundreds of levels and disciplines,” said Younger. He added, “We are most proud of the fact that fairness and respect have been added back into the recruiting process, which is in stark contrast to what most applicants experience today.”

Kevin Wheeler, a prolific writer and thought leader in the recruiting industry, commented “What’s particularly noteworthy is the fact that Accolo was growing during the same period that many recruitment related technologies and companies were going out of business when the dot-com bubble burst. Accolo has a unique combination of technology and high personal touch with the integration of a proprietary social network, and it’s not surprising that they are one of the fastest growing RPOs in the world.”

About Accolo:

Accolo augments or becomes a company’s internal recruiting department so the company can focus on its core business. Accolo’s unique application of the “art” of recruiting within a highly automated framework, along with a network of over 1,000,000 professionals, delivers quantifiable improvements in recruiting quality, efficiency and cost.

Accolo is a founding member of the Recruitment Process Outsourcing Association and its investors include Altos Ventures, Vedior and TriNet.