Company: Prositions, Inc.
Company Description: Prositions, Inc. is a rapidly growing Talent Transformation firm that offers career transition assistance, leadership development, performance coaching, and retirement planning. By combining the power of cloud-based technologies with an International network of coaching experts.
Nomination Category: New Product & Service Categories - Software
Nomination Sub Category: New Product or Service of the Year - Software - Human Capital Management Solution

Nomination Title: Prositions, Inc. MentorString

Tell the story about this nominated product or service (up to 650 words). Describe its function, features, benefits, and performance to date:

First released in 2014, MentorString is a revolutionary new Human Capital Management application that enables organizations to leverage virtual mentoring and secure social collaboration technology. It has a number of unique and patent pending features.
http://www.pitchmediagroup.com/vid/hbbmtvipthio_h

MentorString was created by Prositions, a leading talent and career technology company that is revolutionizing the way organizations provide coaching and mentoring solutions to employees. Founded in 2011, Prositions was formed by a seasoned team of Human Capital professionals.
http://prositions.com/about-us.html

Prositions revenues have grown rapidly (over 1,000%) from its first full year of operation. In 2014, it experienced its most significant revenue growth to date. Over that time period, Prositions expanded from a handful of customers to well over a hundred companies and government agencies. This growth was fueled by the release of its software application, MentorString. With the release of v. 2.0, in October, the growth of Prositions is expected to accelerate even faster.
http://www.prweb.com/releases/2014/04/prweb11788472.htm
http://insurancenewsnet.com/oarticle/2014/10/01/prositions-to-showcase-new-software-release-in-las-vegas-a-561864.html#.VGgKFUvtkyk

To fuel this rapid growth, Prositions successfully completed two rounds of angel investments in 2014, bringing the total raised by the company to $5 million. The latest round, completed in October, added another $2 million.
http://www.prweb.com/releases/2014/11/prweb12293596.htm

The design concept for MentorString is simple. It has the ease of use of a social/mobile app with the underlying power of an enterprise class platform. If you use LinkedIn, Facebook or Twitter, you already know how to use MentorString.
http://prositions.com/mentorstring.html

MentorString comes with a robust set of tools that allow for virtual mentoring and collaboration. Mentors can conveniently work with mentees anywhere in the world and anytime, synchronously or asynchronously.

The platform supports most types of mentoring programs, including career mentoring, performance coaching, leadership coaching, performance improvement, and onboarding programs. It also includes built-in mentoring tips and a brand new library of MOOC-style videos based on the leading industry experts in mentoring skills, leadership skills and supervisory techniques. No other platform has such a complete content offering.

One of the unique features of MentorString is a new, patent pending tool, called a String Diagram that graphically depicts how users are connecting and sharing valuable information and knowledge within the organization. Users can quickly access this tool to easily find and collaborate with other users. They can also use the String Diagram to identify discussion groups and communities of practice areas within the organization.
http://youtu.be/3KroKMODqbM

MentorString leverages all the employees within an organization who want to connect and help others. It allows senior executives to coach high potential employees. It even allows for Reverse Mentoring, where these same high potential employees can assist senior level executives. In fact, anyone with knowledge and expertise can help others, no matter what their tenure or level of responsibility. This new Democratized Coaching and Mentoring model cuts the overall delivery and administration costs in half, while significantly increasing the quality of the experience and performance results for the employee.

June of 2014, MentorString was recognized by CEO/CFO magazine as an up-and-coming technology for the Human Capital Management space.
http://prositions.com/documents/PrositionsCEOCFO.pdf

In July, Prositions was named to the “20 Most Promising HR Technology Solution Providers” list for 2014 by CIO Review magazine because of the innovative design and delivery model for MentorString. A panel of HR experts and members of CIO Review’s editorial board chose the list of top companies. Publisher Harvi Sachar said, “We’ve been following Prositions for some time now. They’re creating a revolution in the virtual mentoring and social collaboration space, and we’re happy to showcase them this year because of their excellence in solution design and business execution.”
http://prositions.com/documents/CIO-review-aug-2014.pdf

November of 2014, Prositions announced a major expansion of its veterans program. To assist, once veterans land a job, Prositions began offering its latest software application, MentorString, free to any US organization that would use it to help mentor and develop their internal employees who are veterans.
http://www.prweb.com/releases/2014/11/prweb12337432.htm

In bullet-list form, briefly summarize up to ten (10) of the chief features and benefits of the nominated product or service (up to 150 words).

1) Successfully Completed First Angel Fund Raise of $1.25 million for the Continued Development of MentorString - January 2014
2) Topped 100 Customers - March 2014
3) Released MVP v.1.0 of MentorString - April 2014
4) Interview with Frank Russell about MentorString by CEO/CFO Magazine - June 2014
5) Named Top 20 Most Influential HR Technology Providers List by CIO Review - July 2014
6) Moved to Expanded HQ Office Space - September 2014
7) Released v.2.0 of MentorString at HR Tech Expo in Las Vegas - October 2014
8) Successfully Completed Second Angel Raise of $2 million for the Continued Development of MentorString - October 2014
9) Launched Free Veterans Program for MentorString - November 2014
10) Achieved Rapid Growth of Over 1,000% YE 2014