pan CEO Wins Regional Ernst & Young Entrepreneur Of The Year Award in Indiana
14 June 2005
Performance Assessment Network®, Inc. ("pan(TM)"), the international best-practices provider of Web assessment and testing solutions, today announced that company Chairman and CEO David T. Pfenninger Ph.D., was named a regional winner in the technology category of the 2005 Ernst & Young Entrepreneur Of The Year® Awards in Indiana during an awards banquet on June 9, 2005, at the Murat Centre in downtown Indianapolis. Pfenninger will now be considered for the national Entrepreneur Of The Year Award, which recognizes the most successful and innovative entrepreneurial business leaders in the country.
Since founding pan in 2000, the company has grown rapidly under Pfenninger's direction. Today, pan's state-of-the-art, secure automated systems provide the administration and delivery of professional assessment and testing instruments for organizations worldwide. pan helps employers to automate the hiring process, drive down costs, minimize turnover, and create a higher caliber workforce.
"I am honored to be recognized among some of the most respected business leaders in the area," stated Pfenninger. "This level of accomplishment is also recognition of the hard work of pan's entire team. Together, our dedication has enabled pan to rapidly advance the standards of test administration internationally and become one of the foremost Web assessment businesses. Our employees work every day to create positive customer experiences, and demonstrate a dedication to the business' success."
Pfenninger's radical vision of online assessments with accurately assembled results in five minutes was the basis of pan's patented technology system. The pan technology system has defined the best practices in Web-based assessment, and has exceeded the security and performance audit requirements of some of the most demanding, security-conscious users in operation. With his innovative spirit, impressive drive, and uncompromising standards, Pfenninger has rapidly advanced the standards of test administration internationally in a highly dynamic and competitive business climate.
The company is also keenly aware of changing needs and market demands. In July 2004, pan introduced Vita, a Web-based solution that provides recruiting, hiring, and human resource professionals with the Vital Information for Talent Assessment needed to identify and compete for top performers. The system supports complex, high-volume selection systems internationally, including programs for major U.S. government departments.
Winners of the Ernst & Young Entrepreneur Of The Year award are judged on entrepreneurial spirit, financial performance, strategic direction, global impact, innovation, and personal integrity and influence. The national winner will be announced at an awards gala in Palm Springs, Calif., in November 2005.
About The Ernst & Young Entrepreneur Of The Year® Program
The Ernst & Young Entrepreneur Of The Year Program was created and is produced by professional services firm Ernst & Young LLP. As the first award of its kind, Ernst & Young Entrepreneur Of The Year recognizes outstanding entrepreneurs who are building and leading dynamic and growing businesses. The program honors entrepreneurs through regional, national and global award programs in over 100 cities and 35 countries.
Founded and produced by Ernst & Young, the Entrepreneur Of The Year Awards is nationally sponsored by the Ewing Marion Kauffman Foundation. Clifton Gunderson LLP, Indiana Business Magazine, and the Indiana Chamber of Commerce are local sponsors. Recipients of the Entrepreneur Of The Year award become lifetime members of the Entrepreneur Of The Year Hall of Fame.
About Ernst & Young
Ernst & Young, a global leader in professional services, is committed to restoring the public's trust in professional services firms and in the quality of financial reporting. Its 100,000 people in more than 140 countries around the globe pursue the highest levels of integrity, quality, and professionalism to provide clients with solutions based on financial, transactional, and risk- management knowledge in Ernst & Young's core services of Audit, Tax, and Transaction Advisory Services. Ernst & Young practices also provide legal services in some parts of the world where permitted. Further information about Ernst & Young and its approach to a variety of business issues can be found at http://www.ey.com/perspectives. Ernst & Young refers to all the members of the global Ernst & Young organization.
About pan
Performance Assessment Network, Inc. (pan) is the leading provider of Internet-based testing and assessment solutions, with over 6,500 corporate, government, and education clients internationally. pan administers millions of tests, assessments, and surveys annually. pan also manages a network of high- stakes testing centers in addition to its Internet testing and Vita platforms, IT professional and consulting services, and product distribution businesses. One of the fastest growth companies in the U.S. in 2003-2004, closely held pan is based in Carmel, Ind.
Note to editors: Trademarks and registered trademarks referenced herein remain the property of their respective owners.
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Source: Performance Assessment Network, Inc.
Source: PR Newswire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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