New names, more money, and some M&A: news of the recruitment marketing world

June 19, 2017
JobBoardDoctor
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M&A Summer continues, conferences happen, M&A is popping – and the job board and recruitment marketing biz is bubbling along. Our Amazon/Whole Foods equivalent? Probably the Google Jobs/Hire news. But there are plenty of other things going on, including some interesting funding. Let’s take a look:

CareerBuilder finds a buyer…again?: After a close miss on a sale a few months back, private equity firm Apollo Global Management LLC is in advanced talks to acquire CareerBuilder. GTCR Ltd was in the lead to acquire the job board for more than $1 billion, Reuters reported last month. However, the exclusivity period GTCR had secured to negotiate a deal lapsed, the sources said. It will be interesting to see if this deal closes – and if so, what happens next.
eQuest launches AutoPost: eQuest’s new AutoPost product lets recruiters to “preset” job posting criteria by job title, skills, and job location, including the career sites they want the jobs posted. Once that criteria is set, eQuest will search the user’s career site and, when matches occur, automatically post jobs to the requested career sites. All candidates will return to the company’s website or ATS for application submittal with accompanying job board source code. Interesting product and – if well marketed – could get some traction.
Workey lands some moolah: Israeli recruitment tech startup Workey has raised $8 million in Series A funding and opened its US offices in New York. Their platform allows job seekers and companies to assess the job market and career options with real time analytics. The platform is anonymous for users who can control how much information they can reveal about themselves to a recruiter.
Snagajob expanding on-demand services: Snagajob, which has focused on hourly and retail jobs in the past, has a new service — called Husl — which is essentially a new take on temp work. Employees are paid by Husl, not the restaurant they work at, and like a temp agency, the company covers costs like worker’s compensation. In return, employers are billed hourly, getting flexibility to cover seasonal needs or workers who don’t show up. Looks like a job board to staffing firm migration to me.
EasyRecrue raises cash: French startup Easyrecrue, which has created a new solution for recruiting job candidates through video, has completed a €6 million funding round from d’Entrepreneur Venture, Elaia Partners and Bpifrance’s Ambition Numérique fund. Easyrecrue now has about 50 employees in five European countries. Think HireVue for Europe.
JobIndex is raking in the cash: Danish jobs site Jobindex, which holds more than 60 percent of the Danish market for job ads, presented its earnings report for Q1 of FY2017 earlier this week. It revealed another best-ever, quarterly performance. I might point out that this growth has been going on for a while.
MoBerries raise mo money: MoBerries has announced a €1.8 million funding round from 42CAP, High-Tech Gründerfonds (HTGF), LITTLEROCK, and several angel investors. The Berlin-based recruitment SaaS startup will use the new funds to further develop its proprietary SaaS Recruitment Network, which uses AI ranking tech to accelerate the candidate selection and hiring process. More AI!
Aasaanjobs buys mHire: Blue-collar recruitment site Aasaanjobs.com acquired Noida-based rival mHire in a cash-and-stock deal, reported Hindustan Times’ business paper Mint. The acquisition will help expand Aasaanjobs.com’s presence in North India and enable them to pool their respective clients. This is (by my count) the 11th job board acquisition or merger since the start of the year.
More AI-based recruiting landing more money: Opening.io, an AI-based recruitment start-up, received a €30,000 funding at the NDRC Investor Day, a Dublin fair matching start-ups with potential investors. This AI + recruiting + funding thing seems to be a trend!
Beyond changes its name: Beyond is now Nexxt (yep, 2 – not 3 – Xs). Why? “With Nexxt’s innovative suite of products and services, recruiters can take a more proactive approach to hiring. It’s time to recruit like a marketer, and that starts with building diverse campaigns that reach the right people, in the right places, at the right times,” said founder Rich Milgram. In other words, they didn’t like their old name.