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News
Recent articles:
July 21, 2008
Diversity insight: The path to diversity: through the computer?
Could software solve your diversity problems? The National Science Foundation thinks so. The federal agency awarded a $450,000 Small Business Innovation Research grant to the Boulder, Colorado, tech firm OptTek Systems, which plans to build a software application that can improve an organization’s ability to strategically plan and manage its workforce.
Issues such as limited talent or an aging workforce "are changes companies are going to have to contend with so they can plan out how their workforce is going to evolve and better strategize how to meet their financial goals," says OptTek chief development officer Jay April. He says the benefits of the software, called OptForce, include integration of strategic business planning with workforce planning, cost-effective achievement of diversity goals, and increased confidence in forecasting business performance. Full text >>
May 30, 2008
Denver Post: Boulder-based OptTek focuses on workforce
The small firm uses grants to create "holistic" software solutions.
By Kimberly S. Johnson
Companies contending with an aging workforce and looking for new ways to attract and retain a diverse workforce may one day turn to a tiny Boulder software company for help. Full text >>
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Press Releases:
OptTek Systems, Inc. Receives R&D Award To Develop Security Software
Boulder, CO, October 16, 2008 –OptTek Systems, Inc., was awarded a $100,000 R&D grant by the United States National Institute of Mental Health (NIMH), part of the National Institutes of Health (NIH), a component of the U.S. Department of Health and Human Services. The objective of this grant is the development of an innovative technique to avoid disclosure of confidential data in public use tabular data. The proposed technique, called Optimal Data Switching (OS), overcomes the limitations and disadvantages found in currently deployed disclosure limitation methods. Full text >>
OptTek Receives $780,000 Federal Award
to Develop Optimization Technologies
Boulder, CO, August 27, 2008 - OptTek Systems, Inc., was awarded a Phase II Small Business Innovative Research (SBIR) contract by the United States Department of Army’s Research Development and Engineering Command’s Army Research Office to develop optimization methods and enabling software for agent-based simulation modeling. Agent-based models, which are developed using a specialized simulation modeling technique, are being used to formulate and analyze a wide variety of military, government, and commercial problems. Recent applications of agent-based simulations in the commercial realm include modeling of financial markets, supply chain and logistics, marketing and consumer behavior, social networks and information flow, distributed computing, diversity and workforce planning, and traffic management. The total value of the Phase II award is $730,000 over twenty four months with a $50,000 additional bridge award between the first and second phases. Full text >>
OptTek Receives NSF Award to Create Workforce Optimization and Diversity Planning Software
Boulder, CO, June 3, 2008 - OptTek Systems, Inc. a Boulder optimization technology firm announced it was awarded a Phase II Small Business Innovative Research grant by the National Science Foundation to develop software to improve workforce planning and enhance workforce diversity. Under the award, OptTek Systems will develop a prototype software system to improve an organization’s ability to strategically plan and manage its workforce. The benefits of the system include integration of strategic business planning with workforce planning, cost-effective achievement of diversity goals, and additional confidence in forecasting business performance. The software will be developed by combining two innovative methods drawn from the field of operations research: agent-based simulation and metaheuristic optimization. Full text >>
Additional Press Releases >>
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