Assessment Systems

What Assessment Systems does

Assessment Systems Corporation (ASC) is a privately held, founder-led provider of enterprise assessment software and psychometric services founded in 1979 out of the University of Minnesota psychometrics program by David Weiss and David Vale. The company's flagship FastTest platform supports the full high-stakes testing lifecycle: item authoring and banking, test assembly, secure online delivery, computerized adaptive testing (CAT, MST, LOFT), online proctoring, and analytics. Supporting products include Xcalibre (IRT analysis), Iteman (Classical Test Theory analysis), TestAssembler, Credicycle (candidate portal), TestTracker (security), and Assess.ai (AI-enabled item generation and adaptive algorithms). The technical stack rests on AWS cloud infrastructure with a modern API architecture enabling embedding, SSO, and programmatic score retrieval, and is independently audited for SOC2 Type II, WCAG, FedRAMP Moderate, HIPAA, and GDPR compliance.

ASC sells to certification boards, government HR and licensure departments, higher education institutions, and workforce assessment buyers across more than 50 countries. Revenue is generated through three streams: an annual FastTest subscription starting at $5,950 per year with variable per-test-delivered fees; project-based psychometric consulting (job analysis, standard setting, accreditation support); and add-on modules such as Credicycle. Enterprise contracts with flat annual pricing are available for high-volume programs, and channel partners such as AdaptACE (Singapore) and Global PsyTech (Malaysia) handle regional distribution. Named customers include CalHR, the UAE Ministry of Education, the United Nations, the National Security Agency, Ohio Department of Public Safety, Michigan State University, and the University of Minnesota. The company remains independently owned by its cofounders, is headquartered in the Twin Cities of Minnesota while operating fully remote, and continues to differentiate on the density of PhD-level psychometric talent and 45+ years of accumulated item-calibration data.

Name

Assessment Systems

Legal name

Assessment Systems Corporation

Website

https://assess.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

11–50 employees

Short description

Assessment Systems provides the FastTest enterprise assessment platform, supporting item banking, computerized adaptive testing, secure online delivery, and proctoring for certification boards, government HR, licensure programs, and universities across more than 50 countries.

Ownership category

akta.pro rank

Product category

Online Assessment Software

NAICS

Custom Computer Programming Services (541511), Other Scientific and Technical Consulting Services (541690)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Online Exam Delivery & Test Administration Platforms (EDAFADAA)

akta.pro secondary industries

Test Item Banks, Question Authoring & Assessment Design Tools (EDAFADAC), Assessment Item Banks, Question Authoring & Test Development Content (EDAGADAG), Assessment & Quiz Item Authoring Tools (within course builders) (EDAFAHAG)

Keywords

• Online assessment software
• Computerized adaptive testing
• Psychometric analysis tools
• Certification exam delivery
• Test development services

Headquarters

HQ city

Stillwater

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Software Platform Licensing: Annual subscription for FastTest platform starting at $5,950 per year with per-test-delivered fees based on volume. Enterprise contracts with flat annual costs available.
2. Per-Test Delivery Fees: Variable fees based on test volume delivered, with additional fees for proctoring services.
3. Consulting Services: Psychometric consulting and test development services priced per project, including job task analysis, modified-Angoff studies, and other specialized services.
4. Add-on Products: Additional products such as Credicycle candidate portal available as add-ons to base platform.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Assessment Systems provides an enterprise online assessment platform (FastTest) for creating, delivering, and analyzing high-stakes tests, including item banking, adaptive testing (CAT/MST/LOFT), secure online proctoring, and psychometric reporting. Supporting standalone modules — Xcalibre, Iteman, TestAssembler, Credicycle, Assess.ai, TestTracker, and Online Essay Marking — extend the platform, while a Test Development Services line provides psychometric consulting, job analysis, item writing, cutscore studies, and certification program management.

Product overview

Assessment Systems provides a platform-plus-modules architecture centered on the FastTest platform, an enterprise-grade online exam software for high-stakes certification, licensure, and educational assessments. The platform integrates core components for item banking, test delivery, adaptive testing (CAT/MST/LOFT), online proctoring, and analytics. Supporting modules include Xcalibre (IRT analysis software), Iteman (CTT analysis), TestAssembler (automated form assembly), and Credicycle (candidate portal/CMS). AI-enhanced features include Assess.ai for automated item generation and adaptive testing algorithms. The company also provides professional test development services including psychometrics consulting, accreditation support, and certification program management. Pricing starts at $5950 per year for FastTest with additional per-test-delivery fees.

Differentiator

Problem solved

Functional benefit

Brands

• FastTest: The company's flagship online exam platform providing item banking, test delivery, adaptive testing (CAT/MST/LOFT), online proctoring, and reporting and analytics.
• Credicycle
• Xcalibre
• Iteman
• TestAssembler
• TestTracker

Products and services

• FastTest Enterprise online exam software and assessment platform providing end-to-end test development and delivery capabilities including item banking, test construction, secure delivery, adaptive testing (CAT/MST/LOFT), online proctoring, and reporting analytics for certification boards, government, education, and workforce customers.
• Credicycle Candidate portal and content management system providing examinee management, scheduling, delivery, and a branded candidate experience for certification and credentialing programs.
• Xcalibre Item Response Theory (IRT) analysis software providing a user-friendly visual platform for implementing IRT models including 1PL, 2PL, 3PL, Rasch, and polytomous (GRM, GPCM) models for designing, analyzing, validating, and scoring assessments.
• Iteman Classical Test Theory (CTT) analysis software for evaluating item performance including P-value difficulty, point-biserial discrimination, and reliability analysis (split-half reliability, coefficient alpha).
• TestAssembler Automated test form assembly tool using IRT for building equivalent test forms with controlled content balance and statistical properties.
• Assess.ai AI-powered assessment tools including automated item generation, computerized adaptive testing algorithms, and AI-enhanced proctoring solutions for exam development and delivery.
• Online Proctoring Remote proctoring services including live remote proctoring, AI-based proctoring, record-and-review options, and lockdown browser with activity tracking for secure exam delivery.
• Online Essay Marking Automated and manual essay scoring capabilities for constructed-response assessment items including rubric-based evaluation and inter-rater reliability tracking.
• TestTracker Test security platform providing content-level permissions, user role management, activity tracking, and data forensics to detect cheating or unauthorized access during exam delivery.
• Test Development Services Professional services including job analysis and test design, item writing, cutscore studies (Angoff, Bookmark, Hofstee methods), psychometric analysis, test security planning, and certification program management.

Quantifiable outcome

• Reduced timelines for publishing exams
• +2 more outcomes

Named customers11 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability7 records

Feature9 records

Partnerships

Eight partnerships are on record, tiered core, regional and minor.

• MonitorEDUcoreTechnology or IntegrationMonitorEDU was formed in January 2018 by former ProctorU CEO and founder, Don Kassner. Provides flexible, secure, on-demand proctoring using a scalable platform that does not require downloads. Services include USA-based proctors and support. Fully integrated with FastTest.
• ioPredictcoreTechnology or IntegrationProvides pre-validated assessments for employment skills and custom high-fidelity exam development. Hosts their best-in-class exams on ASC's platform, leveraging ASC's expertise in assessment software to drive validity.
• Proctor360coreTechnology or IntegrationProvides highly scalable AI-based proctoring, as well as options for Live and Record & Review proctoring for higher-stakes exams. Fully integrated with FastTest platform.
• AdaptACEregionalChannel Partner/ Reseller/ DistributorAuthorized distributor for ASC's products and services in Singapore. Provides expertise in project management, local knowledge, and technical support for clients in the region. Collaborated on several Singapore government projects.
• JML TestingcoreStrategic or Co-development PartnerInternationally-recognized expert in NCCA accreditation, certification, and psychometrics. Led by Joy Matthews-Lopez, former chair of the National Commission for Certifying Agencies (NCCA).
• Global PsyTechregionalChannel Partner/ Reseller/ DistributorDelivers high quality assessment in Malaysia and SE Asia. Also provides pre-employment exams and financial services assessments.
• Biddle Consulting GroupminorStrategic or Co-development PartnerProvides comprehensive employment services including EEO and affirmative action plans, compensation analysis, and pre-employment assessment.
• Pitoniak Educational Measurement ConsultingminorStrategic or Co-development PartnerProvides training, capacity building, evaluation, and standard setting services to diverse organizations around the world.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Surpass Assessment: Surpass is an online assessment delivery platform serving certification bodies and educational institutions with item banking, test authoring, and remote proctoring. It is the closest direct competitor to FastTest in target customers, technology stack, and product scope.
• Questionmark: Questionmark provides an enterprise assessment platform for authoring, delivering, and analyzing online exams, with a similar focus on certification, compliance training, and higher education. It competes head-to-head with ASC in item banking and online delivery.
• ExamSoft: ExamSoft offers a secure assessment platform used heavily in higher education and professional certification, with offline testing capabilities and psychometric analytics. Direct overlap with ASC in secure test delivery and item analysis for regulated programs.
• Yardstick Assessment Strategies: Yardstick provides assessment management software and consulting to credentialing bodies and professional associations, mirroring ASC's certification board focus. Comparable in size and target customers, with similar psychometric services.
• Kryterion (Pearson VUE Webassessor): Kryterion delivers online proctored certification exams and is integrated with Pearson VUE's broader network. Directly overlaps with FastTest on certification delivery and proctoring, with the added scale of Pearson ownership.
• Caveon: Caveon specializes in test security, forensics, and psychometric services for high-stakes certification programs. Comparable to ASC's TestTracker and consulting practice, and a frequent collaborator/competitor in the certification space.

Broad incumbents

• Pearson VUE: Pearson VUE operates the largest global network of certification and licensure test centers with computer-based delivery. It competes with ASC for the same enterprise and government customers but as part of Pearson's much broader assessment and education portfolio.
• Prometric: Prometric is a global leader in test development and delivery for certification, licensure, and academic testing, with a worldwide test center network. It is a broad incumbent that overlaps with FastTest on certification delivery and proctoring.

Emerging players

• Talview: Talview is an AI-powered assessment and proctoring platform targeting hiring, certification, and education with automated scoring and remote proctoring. Represents the emerging AI-first wave that could pressure ASC's traditional psychometrics moat.
• ClassMarker: ClassMarker provides online quiz and assessment delivery for businesses and educators. Smaller and less specialized than ASC but occupies an adjacent tier of the online testing market with a self-service, lower-cost model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/assess_systems
• Facebookfacebook.com/123132391080511
• LinkedInlinkedin.com/company/assessment-systems-corporation

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Assessment Systems