Here in the northern hemisphere the grass is finally getting green and (occasionally) we have a nice sunny day. What’s it like where you are? Well, regardless of the weather, the growth of the recruitment marketing industry continues. Let’s see what’s going on:
- Stepstone to acquire Universum: German global job boards group StepStone will acquire Swedish employer branding site Universum for an undisclosed amount, the group’s parent company Axel Springer SE announced recently. Universum, a Swedish employer branding site, says it’s built “the largest career preference data set in the world,” by surveying around 1.5 million university students and professionals annually. Interesting and logical move by Stepstone.
- Locomunity launches for doctor gigs: Locumunity has launched as an online job board for doctors seeking temporary gigs. Haneen Abu-Remaileh co-founded the startup with Leila Abdolall and Mubashshir Zakir. They launched the Vancouver, B.C.-based business in April 2017 and are now expanding into the US. In Canada, more than 10 percent of temporary doctors, or locums, are registered with the site. Interesting.
- COMATCH raises more funds: COMATCH, a Berlin-based marketplace for independent management consultants and industry experts, has completed a Series B round of financing led by Acton Capital Partners. A total of €8 million will be invested in COMATCH by Acton, Atlantic Labs and btov. In the summer of 2016, these same investors invested a total of €4 million. In 2017, COMATCH opened a branch office in Paris; currently it is expanding into Great Britain, and in the future it will serve southern and eastern Europe with an international key account team. Upward!
- Indeed acquires Workopolis: Indeed – or rather, parent company Recruit Holdings – has acquired Canadian job board Workopolis. Although no price was revealed, one industry expert speculated that the acquisition was a move by Indeed to keep ZipRecruiter out of Canada. Good luck with that, folks.
- CareerBuilder dumps EMSI: CareerBuilder is selling its Economic Modeling Specialists International business to the nonprofit Strada Education Network. EMSI is an economic software firm specializing in employment data and labor market analysis. The transaction is expected to close during the second quarter, subject to customary regulatory reviews and approvals. Terms of the deal were not disclosed. Not a smart move by CareerBuilder’s current owners, IMO.
- Headhunter.ru to IPO: Russia’s No. 1 recruitment vertical HeadHunter.ru has applied for an IPO on the Nasdaq, according to documents filed with the U.S. Securities and Exchange Commission on Monday. The news originally broke on the site of Russian financial management company Renaissance Capital. Who says job board IPOs are dead?
- DHI hires a new CEO: DHI Group has announced Art Zeilewill join the Company as Chief Executive Officer, succeeding current CEO Michael Durney. Although Zeilewill has no apparent recruiting background, he was the co-founder and CEO of HOSTING, a company delivering cloud solutions to enterprise customers, and also raised over $500 million in equity and debt capital . Good luck!
- Wonolo gets money: Wonolo today said it has raised $13 million in a new financing round led by Sequoia Capital, including existing investors PivotNorth and Crunchfund, and new investor Base10. Wonolo is a tool to connect companies with temporary workers in order to fill the unexpected demand those companies might face in those same out-of-stock situations – in other words, a gig job site. I guess VCs are still enamored of gigging.
- Google for Jobs expands: Google is finally rolling out its vertical job search solution, commonly known as Google for Jobs, to the world. Announced this month, the feature is live in Canada and India. In India, Google said it’s partnering with Aasaanjobs, Freshersworld, Headhonchos, IBM Talent Management Solutions, LinkedIn, Quezx, QuikrJobs, Shine.com, T-Jobs, TimesJobs, and Wisdomjobs. We knew it was coming.
- Workana gets lots of money: Workana, a large independent professionals platform based in Argentina and with more than one million freelancer members, recently obtained $7M USD in financing. The company said that this is the largest investment it has received since its launch. Workana received its financing from SEEK, which is already a shareholder in companies such as Brazil Online Holdings – parent company of Catho – and OCC (Professional Career Center in Mexico). Impressive.
- SEEK invests in Employment Hero: Australian human resources technology start-up Employment Hero has closed an $8 million funding round, led by SEEK and OneVentures, as it looks to build out its executive leadership team, ahead of expansion plans. The raise comes about 18 months after the business closed a $4.5 million cash injection from backers including AirTree Ventures and AMP New Ventures, who also supported this round. The earlier raise was also led by OneVentures. SEEK continues to invest and expand.
Well…out with the old and in with the new, or something like that. Guess we’ll just have to wait and see what happens next![Want to get Job Board Doctor posts via email? Subscribe here.]