Phoenix Strategy Investments acquires PI Worldwide

PORTSMOUTH – Phoenix Strategy Investments has acquired PI Worldwide in Wellesley.
Terms of the transaction were not disclosed.
According to a press release, Phoenix Strategy Investments’ founders were customers for more than a decade of PI Worldwide, which specializes in helping companies optimize employee performance and potential through its Predictive Index system.
Through the acquisition, Michael Zani, a founding partner of Phoenix Strategy Investments, is PI Worldwide’s new CEO.
Zani said Phoenix will accelerate investments in PI Worldwide’s scientific research and solution suites. More than 2.5 million Predictive Index assessments have been completed to date in 2014.
“We are a different kind of investment firm – we focus on one deal at a time and become intimately involved at the executive level,” Zani said in a statement. “We have been big believers in PI Worldwide for a long time, and the investments we make now will deliver the tools our clients need to make the right hiring decisions and grow their businesses. Every initiative that we put forth will map to this mission.”
PI Worldwide’s headquarters will remain in its Wellesley office and the current management team will stay in place, with former CEO Nancy Martini assuming a new role as chief strategy officer and remaining a board member.
Plans following the acquisition include accelerating the development of technology-enabled resources for applying workforce analytics, strategic investment in and further development of the licensee distribution channel.
Phoenix Strategy Investments also has an office in Texas.

No posts to display