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Money, hacks, and rebranding: the latest job board industry news

Well, big earnings news from Indeed, Monster, and others, plus lotsa goings-on in the job board industry. I’d say it’s hard to keep up with – and I’d be right. So that’s why the news roundup is here! Let’s see what’s up:

  • Monster’s money and related news: Monster reported $183.7 in revenue for Q1, falling a bit short of investor expectations, with mixed signals elsewhere – bookings were up, but revenue dropped 4% year over year. However, Monster was able to claim bragging rights on sheer revenue size, topping Indeed, which earned $434 million last year to Monster’s $770 million. In other Monster news, the company has sold 4/5ths of its stake in CareerOne, the Australian recruitment portal.
  • Speaking of Indeed…: Indeed’s $434M in revenue represented a 71% increase over the previous year, giving the site a certain upward trajectory, as it were. It claims 180 million visitors per month, in 50 countries. Sounds like Indeed is coming for CareerBuilder ($713M in 2014) and Monster!
  • CampusJob raises some serious moolahCampusJob, which just launched 8 months ago, has raised $7.8M in Series A funding – bringing its total funding haul to $9.1M. The site claims to be processing 12,000 applications per month. It will be interesting to see where they are this time next year.
  • CareerBuilder gets hackedCareerBuilder sent more than job postings to its users recently. When a job hunter submitted a resume to a listed job opening, the CareerBuilder service automatically generated a notification e-mail to the job poster and attached the document. The attacker used a Microsoft Relevant Products/Services Word document to deliver malware. Bummer.
  • Doximity takes a page from Monster, LinkedIn: Doximity, the gated physician network, now offers an “Apply Using Doximity” (for participating employers) that allows doctors a ‘one click’ apply process. As I always say, there are few original ideas.
  • German money moves into U.S. job board marketThe German wholesale and retail giant Metro Group invested an undisclosed amount into, a US-based job site for the hospitality industry. Metro Group (which is kind of big at $64 Billion in annual sales) sees some synergy between the site and their existing clients’ needs. CulinaryAgents will use the cash to expand into Asia and Europe.
  • eLance and oDesk rebrand The freelance supersite eLance/oDesk has rebranded itself UpWork. Why? Because one name is better than two.
  • The Muse gets more money: The Muse, a three year old site originally focused on young women professionals, raised $10M in Series A funding. The site plans to use the cash to hire more staff, add more features, and continue its pivot toward Millennials. With about 3 million users per month, they seem to be trending up.
  • Interesting job board doings in Europe: A few quick notes about job board activity in Europe: launched in Switzerland with the ambitious goal of challenging the established players as a low-cost online alternative. Swedish job board NetJobs (NJOB: STO) reported revenue for the first quarter ending 31 March 2015 of SEK 11.4 million (€1.2 million), an increase of 23% compared with SEK 9.2 million (€989,291) during the same quarter last year. Berlin-based Jobspotting (a site and iOS app which aims to put a tailored search interface algorithm over third-party recruitment sites and your social connections), raised an undisclosed seed funding round from Horizon Ventures. Danish job board Jobindex (JOBNDX: CPH) reported revenue for the first quarter ending 31 March 2015 of DKK 63 million (€8.5 million), an increase of 33.1% (16% on an organic basis) compared with DKK 47.5 million (€6.4 million) during the same period last year. And Turkey got its first jobs site focused on the local finance sector roughly a year ago, called; it aims to address the demand for professionals in a growing Turkish financial market.

Enough for now! I’ll be back next month with more news.

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