The job board buzz: what’s going on in the industry

December is here, and as you might guess, job board buzz and activity has continued unabated in the online recruiting and job board world. Let’s see what’s happened lately:

•  Indeed goes public, kind of: Recruit, the parent company of Indeed, went public in October. The 7 percent climb in its initial share price came amid a decline for the overall market and snapped a string of weak high-profile listings in Tokyo this year. The resulting $2 billion will no doubt be put to additional use via acquisitions and marketing. In other news, Indeed invades Australia and goes after Seek.
• CareerBuilder revenue up 5%: CareerBuilder Q3 2014 North America revenue was $166 million, up 5 percent year-over-year. This also represented a gain of 2 percent from the second quarter of this year. They claim the growth is driven by increased sales of Human Capital software-as-a-service or SaaS products. Can we say end to end solutions?
• LinkedIn’s revenues and rates going up: LinkedIn revenue grew by 45% in Q3 2014, and it also upped its forecast for the 4th quarter. Recruitment revenue generated 61% of the total pie.
• Dice surprises Wall Street: Dice Holdings had a pleasant Q3, with year over year growth of 29% and results well above the market forecasts. Guess those acquisitions are paying off.
• Monster gets a new CEO but revenue drops: Monster saw a revenue drop of 2.8% year over year for Q3, although it did beat market predictions for earnings per share. Tim Yates, formerly CFO, is now CEO. On to Q4.
• ShiftGig gets some moolah: Shiftgig secured $10 million in its first institutional financing. The money will be used for expansion of the company’s technology, product and team. The site, you may remember, focuses on the restaurant business.
• Textkernel releases mobile version of search technology: Textkernel released a mobile version of Search! and Match!, its semantic search and matching software. The user-interface of both software products can now adapt to any screen size, mobile or tablet. The newly released “Apply with” widget is a widget that can be integrated into (mobile) career sites.
• The Facebook job board – round 2: A considerable while back there were rumors of a Facebook ‘job board’. Now the company is supposedly working on a new professional service specifically intended to be used in the workplace. “Facebook at Work” is designed as a collaboration tool, allowing users to share documents, communicate with colleagues, and build networks of professional contacts. I guess we’ll just have to wait and see what develops.
• Tyba lands some investment: Tyba – a “junior recruitment market” aimed at allowing companies like tech startups to more efficiently hire university and college graduates – last year raised $1.3 million in an investment round led by Sunstone Capital. It’s now raised another $3.1 million, once again from Sunstone Capital and a new investor, the VC fund Impulse. Currently, over 500 startups in 14 different European cities use its platform to target graduate candidates and it hopes to increase that to 1,000.
• eLance-Odesk raise more money:  Elance-oDesk (doesn’t that name just trip off your tongue?) is announcing that it has brought on an additional $30 million in funding led by Benchmark Capital, which it will use to further investment in its products and expand into new markets. The company has been working to consolidate technology between the two services and has invested in improving both its matching algorithm and collaboration tools it provides to businesses and workers.

That’s it this time. More in the future!

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