Kiosite Reaches Agreement to Acquire Israeli-Based Codetix

St. Louis, MO, February 01, 2007 --(PR.com)-- Kiosite, LLC has reached an agreement to acquire Codetix, an Israeli-based firm that provides a suite of unique hiring assessments specifically focused on measuring individual integrity, reliability and judgment.

St. Louis-based Kiosite and its flagship HireTrue platform provide an innovative suite of services enabling clients to screen, select and develop better, more productive personnel—faster and more economically.

Now, Kiosite will take that to the next level by introducing services this fall that incorporate Codetix’s refined assessments and intellectual property. These new offerings will initially be available only to a limited, charter client group with a wider, public rollout planned for early 2007. Both Kiosite and Codetix plan to integrate their products, research and development efforts worldwide.

“Our agreement with Codetix gives us an opportunity to leverage unique content at a time when ethics and security have become particularly important,” said Michael Novack, President and CEO of Kiosite. “Codetix provides us with unparalled expertise, allowing us to further our research and development and to continue to build important tools for the future.”

Developed by two renowned assessment and recruitment experts in Israel – Gideon Naftali and Dr. Ilan Diamant – Codetix’s assessments are used by a variety of companies worldwide to improve hiring decisions and business outcomes.

“We are excited about the agreement,” said Naftali, who co-founded Codetix with Diamant. “Kiosite represents an important opportunity to take this venture to the next level by providing a wider framework and broader product offering, added management and more active sales and distribution.”

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Dr. Ilan Diamant, a senior clinical psychologist with over 20 years of experience, has also served within the office of the Israeli Prime Minister. His PhD dissertation, at the University of London (University College London), explored the subject of individual lying and deception. Diamant currently teaches at both Tel Aviv University and The College of Tel Aviv-Jaffa, where his courses explore assessment methods. Diamant provides a variety of assessment consulting services throughout the Israeli security sector, and continues to maintain a private psychotherapy practice as well. He is a member of the “Society of Personality Assessment” and resides outside of Tel Aviv, Israel.

Gideon Naftali, a senior specialist in applied psychology, led the foundation of the Department of Behavioral Sciences within the office of the Israeli Prime Minister. He has extensive experience in the development of assessment systems, and in the recruitment of staff for sensitive positions. Naftali also has extensive experience in organizational development, and applied scientific research, including publication in numerous scientific journals. A member of the “Society of Personality Assessment,” Naftali resides outside of Tel Aviv, Israel. He serves as a consultant to a variety of firms, assessing executive-level candidates and a variety of business systems with a particular emphasis on security, both in the private and public sectors.

Michael Novack serves as Kiosite’s Chief Executive Officer. Dubbed a "Wiz Kid" by the St. Louis Business Journal, Michael has extensive entrepreneurial leadership experience and regularly presents on a variety of business, hiring and development-related topics. Prior to his work with Kiosite, Michael worked as a technology and corporate consultant, integrating business requirements and Internet strategy. Serving on several non-profit and corporate boards, Michael attended the Olin School of Business at Washington University and resides in St. Louis, Missouri.