Press Release, October 23, 2019

Survey Technology Firm, Leading Indicator Systems, Inc., Completes $1.2 Million Employee Buy-out and Growth Financing; Appoints John Penrose as Chief Executive Officer.


Boston, MA – Leading Indicator Systems, Inc. (LIS), a Boston-based firm helping leading organizations answer their complex human capital questions, has acquired the assets of Leading Indicator Systems, LLC (LLC), which was founded in 2000 and has developed industry-leading survey technology. Additional information is available through leadingindicator.com. All the common stock of the new company is owned by its employees, ensuring continuity of services to its clients. Employee ownership and its proprietary technology platform position LIS as an attractive partner offering competitive pricing and exceptional service. As part of the transaction, LIS also raised new capital in the form of preferred stock to fund growth initiatives. At the same time LIS announced the return of John R. Penrose as Chief Executive Officer. “We are delighted to have John back on board and excited about the prospects for growth” stated Karen Haskell, majority owner of LLC and a director of the new company.

Leading Indicator Systems works with companies to develop custom human capital assessment systems, enabling them to better understand and manage critical business issues. LIS also provides white label and co-branded solutions to some of the leading consulting firms in the world. Companies choose LIS because of its powerful survey technology platform, which offers unmatched configurability and performance, even at very large scale, as well as its deep expertise in assessment design and data analysis and its commitment to exceptional customer service. LIS solutions include 360° leadership development, 180° performance management, personal development self-assessment, employee engagement, organizational culture, new hire onboarding, and customer journey tracking, among others.

Penrose is returning to the company where he led sales and client services from 2003 to 2007. During his earlier tenure at LIS, he assembled a strong team that grew revenues 8-fold and landed world class clients for the company. Penrose has written on issues of organizational culture, employee engagement and strategic alignment, including several articles co-authored with Dr. Bill Nolen, Chief Scientist at Leading Indicator Systems. “I am excited to work with this great team, who I’ve known and respected for almost 2 decades,” said Penrose. He added, “Leading Indicator Systems is the best kept secret in the human capital solutions space, not just because of its technology but also because of Bill Nolen’s ability to craft compelling assessments and explain complex data analyses in simple terms. Clients love him.”

Leading Indicator Systems was advised in the transaction by Kayon Partners LLC, a growth-focused investment firm. Kayon Principal David Vogel stated, “Leading Indicator Systems is poised for growth with a clean capital structure, new growth capital and a re-focused and energized team.” Vogel added, “for well-run organizations, employee retention and engagement are critical, and LIS offers its clients (and their employees) the opportunity to gain new actionable insights to address these important issues.”

CONTACT: John Penrose, 781-676-0066, x107 or media.relations@leadingindicator.com

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