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Professional Diversity Network, Inc.
Professional Diversity Network, Inc. is a global developer and operator of online and in person networks that provides access to networking, training, educational and employment opportunities for diverse professionals. We operate several other business units
in the United States including the International Association of Women (IAW), which is one of the largest, most recognized networking organizations of professional women in the country, spanning more than 200 industries and professions, and RemoteMore USA,
an online platform specialized in remote-hiring of developers.
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Professional Diversity Network, Inc.
Investor Recap
The Business
Professional Diversity Network is the nation’s leading, single-source diversity recruitment company. Through an online employee recruitment platform that leverages our affinity groups, we provide our employer clients a means to identify and acquire diverse talent and assist them with their efforts to comply with the Equal Employment Opportunity Office of Federal Contract Compliance Program.
The International Association of Women (IAW) is a global in-person and online professional networking platform that provides nearly one million women with the forum, education, and services to thrive in an interconnected world. IAW members have diverse backgrounds, beliefs, perspectives, and lifestyles, but with one common bond — their ability to succeed.
RemoteMore USA is a technology company that provides remote-hiring marketplace service for developers and companies. RemoteMore was launched in 2019 to address the increasing demand for qualified candidates by connecting them with businesses through an extensive, remote services network, which allows businesses to access qualified candidates without the geographic limitation.
Affinity Sites
Professional Diversity Network, Inc. seeks to provide its employer clients A means to identify and acquire diverse talent And strives to be the standard In business diversity recruiting, Networking and professional development For women, minorities, veterans, LGBTQ and disabled persons globally.
The company’s 8 affinity sites are dedicated To connecting recruiters with diverse talents In the united states and its vast network Of membership-based diversity partners Include the NAACP, the national urban league and TechLatino.
PDN Recruits is an intelligent recruiting tool for businesses of all sizes. Our tool in combination with our 50+ Partners, gets your jobs in front of the RIGHT Job Seekers. All while keeping all of your recruiting needs in one central location.
Over 20+ Diversity Organizations,
Not-for-Profit and Media Partners
Recent Developments
March 27, 2023 - Professional Diversity Network Acquires Additional Equity Interest in RemoteMore USA, Inc.
Recognizing the unstoppable trend of remote working and the surged demand of a curated workforce pool, PDN purchased approximately 46% of equity interest in RemoteMore back in September 2021. Since that acquisition, RemoteMore has continuously grown its revenue and operations. During the first three quarters of 2022, RemoteMore booked approximately $1,882,000 of gross revenue, six times more than the same period in 2021, increased registered company users from 650 to 1,500, and pre-screened developers from 6,300 to 24,000+ coming from all around the world.
“We are exhilarated to see the success of RemoteMore since the initial acquisition, which echoed our interpretation of the market needs in the recruitment industry; by adding RemoteMore to our platform allows us to respond to the market timely and on a wider magnitude,” said Adam He, CEO of PDN, “the further investment in RemoteMore demonstrates our confidence in its steady growth and our determination to position PDN as the leader in diverse, specialized hiring.” Now with PDN’s approximate 66% ownership of RemoteMore, He expects further integration between RemoteMore and PDN’s core business.
Since 2021, RemoteMore has added several new features to its platform, such as a job dashboard that permits hiring employers to select on-demand developers according to their very specific requirements, and once signed on, an employer will connect with five qualified candidates hand-picked by the service team. Employers can now schedule interviews with candidates on the platform, and have the option to add Payroll as an a la carte service that allows contracting without establishing a local entity, making it a true one-stop shop for remote-hiring. “The financial injection from PDN enables us to optimize the platform and expand operations swiftly, and with PDN’s support on strategy and administration, it alleviates risks and challenges many start-ups like us face, allowing us to laser focus on growing the business,” said Boris Krastev, founder and CEO of RemoteMore.
March 17, 2023 - Professional Diversity Network Inc. Announces Success of First Co-Produced Hybrid Career Fair Event
“We are excited to see the synergy we had planned for between the two entities is coming to fruition right out of the gate, providing broader accessibility for employers and job seekers to engage,” said Adam He, CEO of PDN. “The Chicago event will be the first of many hybrids, co-produced events including the upcoming April event in Boston, for which we already have some key employers attending, and the October event in Chicago.”
The event included two pavilions: a Professional Diversity Pavilion and an Engineering, Technology and Security Clearance Pavilion, designed to attract diverse candidates who may also have STEM-based background. The event provided both employers and job candidates the option to participate virtually or in-person. For job seekers attending in-person, they were able to interact with the employers on-site, and scan a QR code to access employers at the virtual fair as well. The event had over 330 candidates registered, of whom 161 candidates attended the event virtually only and 90 attended in-person, and nearly 150 attendees were invited to attend a virtual or in-person interview. Participating employers included United States Department of Treasury, United States ARMY Corps of Engineers, NAVY, Agility, United States Nuclear Regulatory Commission, and Associates Bank, among many others.
“As companies and job seekers try to navigate recruiting and job hunting Post-COVID, our hybrid model provides comfort and choices for both parties,” said Mike Hall, Vice President of Event Sales at PDN.
“We were pleased to see that some employers found their ‘needle in a haystack’ candidate that we were told will definitely be back for follow up interviews,” said Susan Turner, President of Expo Experts.
Follow up discussions with employers that attended the event noted that they are already scheduling follow up second round interviews with STEM/Clearance based candidates and PDN based candidates. Also, there are additional candidates that will either be screened or placed in the pipeline for further evaluations by an attending employer.
February 23, 2023 - Professional Diversity Network, Inc. Announces Launch of Sigma Gamma Rho Sorority, Inc. Job Board
PDN, being one of the largest diverse networks in the nation, collaborated with Sigma Gamma Rho to launch an easy-to-access job board at the ΣΓΡ website for their over 100,000 initiated members. “We are thrilled to be collaborating with our newest partnership, Sigma Gamma Rho, Inc. They are one of the largest Historically Black Sororities and we are confident that there will be many employers interested in extending opportunities to the professional and talented members of the Sigma Gamma Rho Sorority” said Mike Hall, Executive Vice President of PDN.
Since its inception, Sigma Gamma Rho Sorority, Inc. has modeled success for its members, providing examples and opportunities for future success. “Sigma Gamma Rho Sorority, Inc. is pleased to partner with the Professional Diversity Network to expand employment opportunities to our membership. We believe in exposing our membership to greater opportunities that will help advance their careers. Sigma women are leaders, driven, and talented. Any company would benefit from having a member of our organization on their team,” said Rasheeda S. Liberty, President of Sigma Gamma Rho Sorority, Inc.
January 11, 2023 - Professional Diversity Network, Inc. Announces Acquisition of Expo Experts, LLC
“Expo Experts is one of the leading career fair companies in North America and hosts job fairs specializing in STEM based employers for over 20 years, a niche we previously have not been a significant part of. We believe that this strategic investment will immediately increase our event revenues significantly and add up incremental revenues as a result of cross-platform sales, with minimal additional costs, due to the underlying synergies that both companies can provide to one another. Expo Experts is the type of investment opportunity that we have been looking for to grow our core business and the addition of Expo Experts makes PDN one of the leaders in providing career fairs specializing in diversity,” said Adam He, Chief Executive Officer for PDN.
“We are excited to be part of the PDN family. We look forward to being able to expand our career fair platforms by including the diverse networks that PDN has to offer. We believe that even further synergy can be developed between the PDN and Expo Experts brands to bring in new profit streams to both parties,” said Susan Turner, Co-Founder of Expo Experts.
For Full Release: https://www.globenewswire.com/en/news-release/2023/01/11/2587153/25762/en/Professional-Diversity-Network-Inc-Announces-Acquisition-of-Expo-Experts-LLC.html
December 06, 2022 - Professional Diversity Network, Inc. Announces Launch of Alpha Phi Alpha Fraternity, Inc. Job Board
PDN, one of the largest diverse professional networks in the nation, collaborated with Alpha Phi Alpha to launch an easy-to-access job board at the APA website for their over 85,000 current alumni members.
“The Alpha Phi Alpha Fraternity, Inc. is excited to announce the launch of its fully integrated job board in collaboration with Professional Diversity Network, Inc.,” said General President, Willis L. Lonzer, III, Ph.D. “This pivotal resource is long overdue and helps fulfill and enhance our mission of developing leaders and promoting academic excellence through establishing a direct path to career planning and success for our members.”
“Alpha Phi Alpha is one of the great historically Black Fraternities. As a talent community, their nationwide membership is composed of college educated men who are highly engaged in their local communities. PDN welcomes APA as a highly valued partner.” said Mike Hall, Executive Vice President of PDN.
For Full Release: https://www.globenewswire.com/en/news-release/2022/12/06/2568363/25762/en/Professional-Diversity-Network-Inc-Announces-Launch-of-Alpha-Phi-Alpha-Fraternity-Inc-Job-Board.htmlhttps://www.globenewswire.com/en/news-release/2022/12/06/2568363/25762/en/Professional-Diversity-Network-Inc-Announces-Launch-of-Alpha-Phi-Alpha-Fraternity-Inc-Job-Board.html
