- Grainful® unveiled new
and improved product and packaging
- OutMatch is broadening its impact
with a series of platform enhancements recently launched or under
development
Rand Capital Corporation (NASDAQ:RAND) (“Rand”), a venture
capital company which invests in growth businesses with unique
product, service or technology concepts, announced advances
reported by two of its portfolio companies. Grainful®, a company
that is producing globally inspired and handcrafted chef inspired
entrées using the goodness of grains, unveiled product
reformulations, an updated brand look and feel, and new packaging
for its frozen entrée product line. OutMatch, a leader in
delivering actionable predictive analytics to build world-class
workforces, announced that it is developing a series of
enhancements to expand its robust candidate assessment platform,
broadening its OutMatch Impact.
Daniel P. Penberthy, Executive Vice President and Chief
Financial Officer of Rand Capital, commented, “Rand’s early
investments into Grainful and OutMatch have provided them with the
needed capital to advance their market penetration and growth,
resulting in increasing consumer and business adoption of their
products and services. We are excited to continue to work with
these businesses as they execute their growth strategies.”
He added, “Grainful’s reformulated products in new packaging
have already started hitting shelves at leading retailers across
the U.S. including Wegmans, ShopRite, Safeway, HEB, Giant Eagle and
Whole Foods. Separately, the OutMatch predictive hiring analytics
platform delivers nearly 20 million scientifically proven candidate
assessments annually at over 200,000 locations, including
recognized companies such as American Airlines, Adidas, Brinker
International, and HCA Healthcare, among others. The uniqueness of
their product offerings and their increasing market share are
differentiating these fine companies in their marketplaces.”
Grainful
In 2017, Grainful was accepted into the Chobani Food Incubator,
and Chobani played a vital role in Grainful’s rebranding and
product improvement. Grainful improved its frozen entrées based on
consumer feedback by incorporating a new gluten-free grain blend of
whole oats, quinoa and sorghum and layering on even more delicious
vegetables, proteins, and bold sauces. Grainful also transitioned
to using a bowl in the packaging which improves the eating
experience. The final products have a wonderful texture and rich
flavor. They come in eight enticing varieties including Tuscan Bean
& Kale, Unstuffed Pepper, Vegetarian Chili, and Porcini
Mushroom Chicken, among others.
“We are ecstatic with the results of the rebrand and quality of
our products,” said Jan Pajerski, Grainful’s President. “The bright
colors and illustrations in our new packaging convey our
personality and passion for craftsmanship to consumers. It pops
on-shelf, and each box tells a wonderful story. Our products
compare with grain-bowls from top fast-casual restaurants–layers of
nutritious whole grains, fresh veggies, and flavorful sauces.”
OutMatch
Just last week, OutMatch announced that it launched the
industry’s fastest pre-hire assessment, which also gives companies
improved results compared with previous assessment tools. Using
machine learning, this solution is broadening the OutMatch Impact:
arming companies with robust predictive analytics so they can hire
and develop the right teams to drive productivity and
profitability. OutMatch has also been developing an update to its
software, OutMatch Bridge, an exclusive solution that allows
point-and-click integration of assessments into applicant tracking
systems (“ATS”). Using OutMatch Bridge, human resource
professionals can integrate candidate assessments into an ATS in
minutes, as opposed to the typical industry timeframe of a 12-week
integration process.
OutMatch expects to introduce innovations to further facilitate
and quicken the hiring process, particularly for non-exempt
employees. Additionally, the company is working on an
employee-focused development and engagement experience linked with
the OutMatch assessment.
“The introduction of these new solutions will demonstrate how
the OutMatch Impact is transforming the world of work,” said Greg
Moran, President and Chief Executive Officer of OutMatch. “We
identify opportunities to turn workforce improvements into
meaningful business results by focusing on solutions that
accelerate time to hire, reduce employee turnover, drive more
revenue for our clients, and build leadership strength. These
meaningful factors are contributing to our clients’ success.”
ABOUT GRAINFUL
Grainful is comprised of a small, passionate team obsessed with
sharing the goodness of grains because they are full of fiber,
protein, and nutrients that provide sustaining nourishment and
energy. Their roots are in Ithaca, a small town in the Finger Lakes
region of upstate New York. Ithaca is known for its local farms,
sustainable and independent lifestyle, and adventurous trails and
gorges. Met with enthusiasm and support from nutritionists,
bloggers, journalists and hundreds and hundreds of families and
students who served as taste testers, Grainful launched in 2013.
They continue to hone their craft and are driven to bring consumers
the best-tasting, affordable meals in the frozen section. To learn
more about Grainful, please visit grainful.com and become a fan on
Instagram, Facebook and Twitter.
ABOUT OUTMATCH
OutMatch is transforming the world of work by helping companies
hire, retain, and develop great talent. We deliver actionable
workforce analytics that predict employee success on the job and
measure fit with a company’s unique CultureDNA™, so companies hire
the right people—the absolute best match—and develop them into
premier employees who drive improved customer satisfaction and
increased revenue. For more information, visit www.outmatch.com or
@OutMatchHCM.
ABOUT RAND CAPITAL
Rand Capital (NASDAQ: RAND) provides investors the ability to
participate in venture capital opportunities through an investment
in the Company’s stock. Rand is a Business Development Company
(BDC) with a wholly-owned subsidiary licensed by the U.S. Small
Business Administration (SBA) as a Small Business Investment
Company (SBIC). Rand focuses its equity investments in early or
expansion stage companies and generally lends to more mature
companies. The Company seeks investment opportunities in businesses
with strong leaders who are bringing to market new or unique
products, technologies or services that have a high potential for
growth. Additional information can be found at the Company’s
website where it regularly posts information:
http://www.randcapital.com/.
Safe Harbor Statement
This news release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. Such statements include, but are not limited to, statements
concerning future net asset value growth, investment returns and
opportunities as well as Rand’s plans for utilizing proceeds from
sales of portfolio companies when and if received. These statements
involve known and unknown risks, uncertainties and other factors
that could cause the actual results to differ materially from the
results expressed or implied by such statements, including general
economic and business conditions, conditions affecting the
portfolio companies’ markets, competitor responses, and market
acceptance of their products and services and other factors
disclosed in the Corporation’s periodic reports filed with the
Securities and Exchange Commission. Consequently, such
forward-looking statements should be regarded as the Corporation’s
current plans, estimates and beliefs. The Corporation assumes no
obligation to update the forward-looking information contained in
this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20180412006320/en/
Rand CapitalCompany:Allen F. ("Pete") Grum,
716-853-0802President and
CEOpgrum@randcapital.comorInvestors:Kei Advisors LLCDeborah
K. Pawlowski, 716-843-3908dpawlowski@keiadvisors.comorKaren L.
Howard, 716-843-3942khoward@keiadvisors.com
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