Mergers, sales, and money: news of the recruitment marketing world

May 16, 2017
JobBoardDoctor
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Latest News 1 The past month or so has been eventful in the recruitment marketing world – major players like Google, and SEEK are flexing their muscles, and AI continues to make big noise in the sector. Mergers are afoot. So without further ado, let’s get to it!:

Zhaopin merges with SEEK: Zhaopin Ltd. (NYSE: ZPIN), a Chinese career platform, is merging with a consortium that includes current controlling shareholder Seek International Investments Pty Ltd. and private equity firms Hillhouse Capital Group and FountainVest Partners. Seek International (ASX: SEK) operates Australian job board Seek and currently owns in aggregate approximately 61.2% of the issued and outstanding shares and 74.5% of the outstanding voting power of Zhaopin. SEEK is continuing to assert its regional dominance. Smart move.
Beamery raises some cash: Recruitment software company Beamery has raised $5 million in fresh funding from Index Ventures. London-based Beamery’s software is used by companies to screen and acquire job candidates by combining CRM features and AI, which treats “candidates like valued customers”. This comes after an initial $2 million round. We will no doubt hear more from them.
DHI says they’ll go it alone: DHI Group Inc., which operates the Dice and other job boards, formally concluded its exploration of strategic alternatives and will continue to operate as an independent company. The company previously announced that it was weighing strategic alternatives in light of the recent LinkedIn and Monster sales. They also announced Q1 2017 total revenues of $52.2 million, net income of $1.3 million and diluted EPS of $0.03. The Company plans to divest a number of its online professional communities to achieve greater focus and resource allocation toward its core tech-focused business. The planned divestitures include: BioSpace, Hcareers, Health eCareers, and Rigzone. In other words: ‘we’re dumping everything and doubling down on Dice and tech.’ All I can say is, interesting.
Teachers-Teachers is purchased: Teachers-Teachers, a job board focused on K-12 educators by Frontline Education, an educational software firm, which also owns K12JobSpot. Since launching in 1999, Teachers-Teachers has grown to more than one million registered teachers and 2,000 school systems. The K-12 recruitment marketing world is getting more and more consolidated, it seems.
Jobboard.io launches Boost: Jobboard.io, a job board software platform, has released Boost, which allows site administrators to ‘boost’ specific jobs: the job is automatically distributed out to the Jobboard.io syndication network via channels such as organic and paid search, a targeted publisher network of over 2000 sites, and email job alerts. Interesting move, and a good option for smaller sites using this platform.
Mya raises a few dollars: Mya has raised $11.4 million in Series A financing led by Emergence Capital. It is a machine intelligence-powered tool (i.e., bot) for recruiters and applicants, and is focused on volume hiring in retail, warehouse, and call center sectors. Mya can pose questions to applicants to determine their availability to fill shifts and even assist applicants and recruiters in scheduling calls. I’ll be curious to see where this goes – or who acquires it.
KushJobs is acquired: Ganjapreneur has acquired KushJobs, a cannabis industry job board & resume-posting platform. Remember, if there’s a hiring niche, there’s a niche job board (or three).
Recruit (and Indeed) making mucho moolah: Recruit Holdings Co. Ltd., the world’s fifth-largest staffing provider, reported net sales rose 15.8% in its fiscal year ended March 31; the increase was 20.5% excluding the impact of currencies. Revenue for fiscal year 2016 was ¥1.94 trillion (US$17.45 billion). Indeed contributed $1.1 billion to the total. Impressive.
ClickIQ launches in the UK: ClickIQ has launched their recruitment marketing and analytics platform in the UK. powered by smart algorithms to effortlessly give companies greater insight and control of their recruitment advertising budgets. The system claims to be the first AI-powered programmatic ad platform available in the market.