Is the economy ebbing? Is hiring slowing? Based on the most recent news, not really. Last month we saw lots of acquisitions. Guess what? It continues! Some softness here and there, but nothing major – at least if you believe the headlines! Let’s take a closer look at what’s happening in the job board industry:
- Revelo acquires Listopro: Brazil-based Revelo, a platform for US companies to hire remote software developers within their time zones, has acquired Mexico-based Listopro, a marketplace for hiring tech talent from Mexico. Revelo serves US-based enterprises and startups and boasts a network of 250,000 vetted tech professionals from 13 Latin American countries covering all US time zones. The acquisition of Listopro adds another 50,000 vetted tech professionals to the network, making it 300,000 strong, the largest to hire talent in US time zones. Congrats!
- Medical Solutions acquires Matchwell: Medical Solutions, which ranks third on Staffing Industry Analysts’ list of largest travel nurse staffing firms in the US, acquired Matchwell, an Al-based marketplace that matches healthcare facilities with clinicians. The acquisition expands Medical Solutions’ current portfolio of service offerings into the per diem and local markets and strengthens its total workforce solutions model. Launched in 2019, Matchwell has more than 50,000 on-platform clinicians and 1,000 care sites under contract. Interesting.
- Talent Systems acquires eTribez: Talent Systems, a provider of software and platforms for connecting actors and models with casting directors, acquired the eTribez Casting Platform as well as entertainment industry crew staffing platform Staff Me Up. More than 8 million people have registered on the platform, which was previously led by eTribez CEO Eli Abayan. Staff Me Up connects 350,000 crew freelancers to production jobs at more than 3,000 networks, studios and productions companies. Also interesting.
- InternMatch raises funds: Intern placement company InternMatch has raised $10 million in a Series A as it looks to ramp up the global side of the business. The eight-year-old business, which kicked off as Outcome.Life, offering international tertiary study advice, now helps university students and graduates score a 12-week internship. Since relaunching into the international market 18 months ago, the platform has placed more than 10,000 interns globally. Congrats!
- CareerBuilder pays up: CareerBuilder has agreed to pay about $3.8 million to the plaintiffs in a lawsuit representing more than 300 sales reps who charged the company with ripping them off on commissions. Some 342 former and current sales reps covered in the agreement can expect minimum payments of $625. According to court documents, the reps said they were promised a 4% commission on revenue from sales made under a previous compensation plan, but the new system stripped them of their due. Oops.
- JobGet raises cash: JobGet announced $52 million in funding to fuel its ambitions to build a go-to hub for waged or hourly workers. JobGet provides them with listings for jobs and an opportunity to connect with others doing similar work; access for recruiters to tap people for openings they might have; and down the line more tools such as training and development to help them along their own career ladders. The company has racked up 2 million downloads (it’s not disclosing active users) of its mobile app, with a further 10 million using its website. Good luck.
- JobAndTalent acquires Jump: Spanish digital temping agency JobAndTalent has acquired UK-based Jump, a developer of artificial intelligence for job matching. This is JobAndTalent’s third acquisition this year. The company uses artificial intelligence to match individuals to temporary work opportunities in the warehousing, logistics and light industry. Intriguing.
- Winnie launches job marketplace: Winnie, a startup that helps families find child care, is launching a new child care job marketplace that will make it easier for child care providers to hire staff. Winnie’s other services include Winnie Pro, a subscription service that helps child care centers scale and make more profit. Winnie’s child care job marketplace will curate positions from Winnie Pro providers. Hmm.
- Greenwood acquires Valence: Greenwood Inc., a digital banking platform for Black and Latino individuals and businesses, acquired Valence, a Los Angeles-based firm that provides an online professional community, job board and recruiting database focused on Black professionals. Founded in 2019, Valence has partnered with more than 400 corporations to source and diversify their workforces at all levels, including the C-suite, through its pipeline recruiting database. Valence has raised over $7 million from GGV Capital and Upfront Ventures. Interesting.
- DPG launches recruitment ad platform: Belgian firm DPG Media has launched Aimwel, its new software-as-a-service company. Aimwel’s marketplace advertising technology platform fully automates marketing campaigns for the recruitment and staffing industry. The platform’s data-driven AI lets users run and optimise fully automated campaigns with the right media mix at category level and, importantly, also for individual job postings. Very interesting.
- JobIndex goes after Google for Jobs: Denmark’s JobIndex has filed a formal complaint to the EU Commission requesting that an EU case be initiated against Google and its parent company Alphabet Inc. for abusing its dominant market position. JobIndex lost 20 percent of its traffic from Google when Google for Jobs was introduced in Denmark. Google for Jobs was unveiled in 2018, but only reached Denmark last year. JobIndex aggregates like Google ads from other sources and sells premium ads and recruitment services. Curious to see how this goes. In other company news, JobIndex has downgraded its expectations for 2022 to a net turnover of around DKK 450 million ($61.0 million U.S.) against the previously expected DKK 500 million ($67.8 million).
- Distributed raises funds: Distributed, an UK-based platform that gives companies access to a pool of freelance software developers, has secured £8 million in fresh funding. The new cash will be used to drive the company’s international reach. Founded in 2017, the platform matches software developers who want the flexibility of working freelance with larger enterprises seeking teams of engineers to work on specific projects. Congrats!
- Gloat raises cash: Gloat, an internal marketplace for corporate talent, announced that it raised $90 million in a Series D round. Gloat sells an AI-powered platform to organizations to power their job boards. The platform sources information on employees to help match them to job openings at their employer — whether they’re proactively searching or a manager seeks them out. Interesting.
Whew! See what I mean about lots of activity? There seems to be no slackening of acquisitions and funding, and companies continue to bring new offerings to the market. How long will it last? I guess we’ll just have to find out![Want to get Job Board Doctor posts via email? Subscribe here.]. [Check out JobBoardGeek, the Doctor’s podcast!)