SYS-CON MEDIA Authors: Pat Romanski, Elizabeth White, Gary Arora, Zakia Bouachraoui, Yeshim Deniz

News Feed Item

Executive Search Pioneer Adam Zoia Officially Launches CompIQ 2.0

Glocap Founder Leads Experienced Team with Expertise in Investment Management, Data Science and Financial Technology

NEW YORK, April 16, 2018 /PRNewswire/ -- CompIQ, an enterprise software platform that provides investment management firms with real-time compensation benchmarking and related compliance services, today announced the launch of the second version of its enterprise platform after extensive customer feedback.

CompIQ's initial focus has been on real estate, venture capital, private equity and hedge funds. The company will soon expand to cover traditional asset management and financial services more broadly. The company is led by CEO Adam Zoia, founder of Glocap Search, a premier search firm known for serving the specialized recruiting needs of clients in the investment management industry.

"CompIQ was formed to empower organizations with the data intelligence to value its people and the toolkit to ensure pay equity compliance," said Zoia. "The launch of the second version of our product with enhanced reporting and compliance tools is timely. Lawmakers across the country are aggressively moving to ensure pay equity and to enforce existing and new pay equity laws. As part of those efforts, salary history inquiries have been made illegal in several jurisdictions thereby making the need for real-time compensation benchmarking data such as that provided by CompIQ even more important. Our enhanced enterprise product will help companies navigate this new regulatory regime."

In addition to leading CompIQ, Zoia is also a Co-Founder and Executive Chairman of Stella.ai, a shared talent network for Fortune 500 companies that utilizes artificial intelligence to redirect job seekers to jobs where they are best suited. It was at Stella that Adam saw the possibility of applying machine learning to Glocap's twenty years of compensation data in the executive search industry.  For years, compensation has been driven off job titles that rarely allow for accurate like-for-like comparisons. CompIQ utilizes an employee's roles and responsibilities, not just titles, along with a host of other data to benchmark employee compensation which results in more relevant comparables and ensures appropriate compliance documentation. 

"In the high stakes world of financial services, compensation decisions need to be carefully documented and justified to avoid claims of inequity," continued Zoia. "Overall the level of documentation and type of justification that most funds maintain is far less sophisticated than the mathematical modeling and substantial investment in data that they deploy in making investment decisions. This disparity should be narrowed given the materially heightened legal risk relating to pay equity laws. CompIQ changes the equation for the benefit of the employer and employee alike."

With the launch of the second version of its flagship product and with the company's substantial traction, Zoia has stepped down as CEO of Glocap to run CompIQ full time but will remain Glocap's Executive Chairman.

Joining Zoia at CompIQ is a management team of seasoned Silicon Valley and Wall Street veterans and elite data scientists.

About CompIQ

CompIQ provides employers an immediate and accurate analysis on how much employees should be paid based on multiple variables including AUM, performance, staffing intensity, peer group competitive dynamics and that employee's roles and responsibilities. The company combines machine learning with an extensive database of individual compensation numbers to create the investment management industry's most intelligent compensation platform. The platform also has an extensive reporting module and creates and records the documentation required for compliance with the new pay equity laws.

www.compensationiq.com

Media Inquiries
Thomas Walek
Peaks Strategies
[email protected] 
917-353-7575

Business Inquiries
Bob Dryzgula
CompIQ
[email protected] 
347-421-0878

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/executive-search-pioneer-adam-zoia-officially-launches-compiq-2-0--300630508.html

SOURCE CompIQ

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Artifex Software began 25-years ago with Ghostscript, a page description language (PDL) interpreter software prevalent in printing and related applications requiring rendering and/or conversion from one software language to another. Founded by renowned computer scientist Dr. L. Peter Deutsch, our company has thrived on the basis of our sharp focus on this area of expertise, a zealous commitment to quality and a strong customer service orientation. Over 100 OEM partners representing some of th...
Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software with the simplicity and reach of the open web. With staff in 10 timezones, Isomorphic provides a global network of services related to our technology, with offerings ranging from turnkey application development to SLA-backed enterprise support. Leadin...
The term "digital transformation" (DX) is being used by everyone for just about any company initiative that involves technology, the web, ecommerce, software, or even customer experience. While the term has certainly turned into a buzzword with a lot of hype, the transition to a more connected, digital world is real and comes with real challenges. In his opening keynote, Four Essentials To Become DX Hero Status Now, Jonathan Hoppe, Co-Founder and CTO of Total Uptime Technologies, shared that ...
CloudEXPO has been the M&A capital for Cloud companies for more than a decade with memorable acquisition news stories which came out of CloudEXPO expo floor. DevOpsSUMMIT New York faculty member Greg Bledsoe shared his views on IBM's Red Hat acquisition live from NASDAQ floor. Acquisition news was announced during CloudEXPO New York which took place November 12-13, 2019 in New York City. Our Silicon Valley 2019 schedule will showcase 200 keynotes, sessions, general sessions, power panels, and...
Every organization is facing their own Digital Transformation as they attempt to stay ahead of the competition, or worse, just keep up. Each new opportunity, whether embracing machine learning, IoT, or a cloud migration, seems to bring new development, deployment, and management models. The results are more diverse and federated computing models than any time in our history.
On-premise or off, you have powerful tools available to maximize the value of your infrastructure and you demand more visibility and operational control. Fortunately, data center management tools keep a vigil on memory contestation, power, thermal consumption, server health, and utilization, allowing better control no matter your cloud's shape. In this session, learn how Intel software tools enable real-time monitoring and precise management to lower operational costs and optimize infrastructure...
Blockchain has shifted from hype to reality across many industries including Financial Services, Supply Chain, Retail, Healthcare and Government. While traditional tech and crypto organizations are generally male dominated, women have embraced blockchain technology from its inception. This is no more evident than at companies where women occupy many of the blockchain roles and leadership positions. Join this panel to hear three women in blockchain share their experience and their POV on the futu...
Alan Hase is Vice President of Engineering and Chief Development Officer at Big Switch. Alan has more than 20 years of experience in the networking industry and leading global engineering teams which have delivered industry leading innovation in high end routing, security, fabric and wireless technologies. Alan joined Big Switch from Extreme Networks where he was responsible for product strategy for its secure campus switching, intelligent mobility and campus orchestration products. Prior to Ext...
In an age of borderless networks, security for the cloud and security for the corporate network can no longer be separated. Security teams are now presented with the challenge of monitoring and controlling access to these cloud environments, as they represent yet another frontier for cyber-attacks. Complete visibility has never been more important-or more difficult. Powered by AI, Darktrace's Enterprise Immune System technology is the only solution to offer real-time visibility and insight into ...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
92% of enterprises are using the public cloud today. As a result, simply being in the cloud is no longer enough to remain competitive. The benefit of reduced costs has normalized while the market forces are demanding more innovation at faster release cycles. Enter Cloud Native! Cloud Native enables a microservices driven architecture. The shift from monolithic to microservices yields a lot of benefits - but if not done right - can quickly outweigh the benefits. The effort required in monitoring,...
As the digitization of business accelerates the move of critical applications and content to the cloud, the network has never been as critical to business success. Consuming everything ‘as-a-service' requires new levels of network automation, agility and security. Discover how Enterprises can take advantage of Digital Platforms, directly connecting to an extensive ecosystem of digital partners and flex their service at the click of a button.
Financial enterprises in New York City, London, Singapore, and other world financial capitals are embracing a new generation of smart, automated FinTech that eliminates many cumbersome, slow, and expensive intermediate processes from their businesses. Accordingly, attendees at the upcoming 23rd CloudEXPO, June 24-26, 2019 at Santa Clara Convention Center in Santa Clara, CA will find fresh new content in full new FinTech & Enterprise Blockchain track.
In today's always-on world, customer expectations have changed. Competitive differentiation is delivered through rapid software innovations, the ability to respond to issues quickly and by releasing high-quality code with minimal interruptions. DevOps isn't some far off goal; it's methodologies and practices are a response to this demand. The demand to go faster. The demand for more uptime. The demand to innovate. In this keynote, we will cover the Nutanix Developer Stack. Built from the foundat...
Never mind that we might not know what the future holds for cryptocurrencies and how much values will fluctuate or even how the process of mining a coin could cost as much as the value of the coin itself - cryptocurrency mining is a hot industry and shows no signs of slowing down. However, energy consumption to mine cryptocurrency is one of the biggest issues facing this industry. Burning huge amounts of electricity isn't incidental to cryptocurrency, it's basically embedded in the core of "mini...