A lot of job board news has happened since the last news roundup! So much for the dog days of summer, eh? Of course, it’s not summer everywhere (looking at you, Australia!), so maybe that why things have been lively. At any rate, let’s take a look at the latest:
- Employ acquires Lever: Talent acquisition and management firm Employ has acquired software provider Lever. The deal gives Employ access to Lever’s cloud talent-relationship management platform for sourcing, recruiting, and hiring, including one-stop-shop ATS and CRM capabilities. This latest acquisition continues Employ’s extension of its technological heft, following its purchases of JazzHR, Jobvite and NXTThing RPO last year. Congrats!
- Upskls acquires Work Simplr: Despite missing a few letters, Upskls, a Denver-based firm that provides on-demand work, acquired Work Simplr Ltd, a UK-based firm that built a virtual internship hosting and management solution. The combined company will adopt the name Work Simplr. It is a talent platform that matches students to companies that need tasks done. Possibly including spelling?
- JobsInHRTech launches: JobsInHRTech is a new niche job board catering to technology and service providers in the human resources industry. Job postings are offered free-of-charge for three months. Founder Sarah White is well known in the HR world, and is the CEO of Aspect43.
- Court tells Glassdoor to ‘out’ some posters: the San Francisco-based U.S. District Court for the Northern District of California has ordered Glassdoor to disclose to Chinese toymaker Zuru the anonymous reviewers who posted negative feedback on the site. In January, Zuru filed for a subpoena against Glassdoor to compel it to reveal who posted the negative reviews. The judge said he made the ruling based on New Zealand law’s definition of defamation, and not the U.S. legal definition. Hmm.
- Incredible Health becomes a unicorn: Incredible Health, a U.S.-based job-matching platform which made nurses its first focus, has closed an $80 million Series B funding round and announced hitting a $1.65 billion unicorn valuation, billing itself as the highest valued “tech-enabled” career marketplace in the healthcare sector — a couple of (pandemic-struck) years after closing a $15 million Series A. The startup is shooting to expand and scale its platform to 90% of the U.S. nurse workforce, and also is eyeing moving into catering to healthcare worker roles beyond nursing that have critical shortages. The company says more than 10,000 nurses join its marketplace every week. Geez.
- Persol Career revenue is up: Persol Career, a strategic business unit that operates the job verticals and placement services of Persol Holdings, achieved almost a quarter of its projected annual sales revenue in the first quarter. The forecast progress rate for the financial year of 2022 stands at 32.4%. Persol Career’s main competitors in Japan include En-Japan, which posted net sales of Y15.8 billion, and DIP, which achieved Y12.3 billion in turnover during the same quarter. Intriguing.
- Zip’s revenue up, but…: ZipRecruiter reported a 31.1% year-over-year increase in second-quarter revenue; the increase exceeded guidance. Growth took place across industries and geographies, according to the company. Still, the online job ad aggregator warned employers are slowing their hiring, and ZipRecruiter lowered revenue guidance for the year. The company forecast third-quarter revenue growth of between 2% and 5% year over year and full-year revenue growth of 19% to 21%. Interesting.
- Pintarnya raises some cash: Jakarta-based recruitment marketplace Pintarnya has announced that it has raised $8 million U.S. in funding, bringing the total initial funding round to $14.3 million U.S., one of the largest seed funding rounds in Southeast Asia to date. The very new Indonesia-based HRtech startup for blue-collar workers was launched in May 2022 by three senior executives. Pintarnya is also said to be expanding its team and is actively looking for professionals in the fields of engineering, product, design, marketing, operations, and business development based in Jakarta. Congrats!
- Google kills Kormo Jobs: Google shuttered its Kormo Jobs site on June 30. The company said Kormo had supported a network for more than 4.5 million job seekers in India, Indonesia and Bangladesh. Kormo had launched in Bangladesh in 2018 before expanding to India and Indonesia. It enabled users to build a digital CV for free and displayed open job listings. It joins the club of many shuttered Google projects.
- Superookie is acquired: Professional-networking app operator Drama & Company has acquired intern-recruitment marketplace Superookie for an undisclosed sum. Founded in 2013, Drama & Co. operates Remember, also known as the South Korean LinkedIn, and rectech service RememberCareer. Seoul-based Superookie connects employers with interns and also offers resume writing, grade calculator and career development services to new entrants to the job market. Interesting.
- RecruitLab lands cash: Estonia-based startup RecruitLab has raised €1.9 million in a seed round to offer video-recruitment platform that helps streamline and automate recruitment processes. The funds will be used for expansion in the U.K. and other European markets, tripling the company’s workforce and adding new functionality to its platform. The platform provides ATS functionality in addition to recruitment marketing, social media, candidate experience, and asynchronous video recruitment tools. Intriguing.
- Recruit revenue is up, but…: Revenue at global staffing firm Recruit Holdings Co. Ltd. reported signs of a slowdown in hiring when reporting results for its fiscal first quarter ended June 30. Still, revenue rose 17.3% year over year in constant currency. The company’s HR technology segment — which includes Indeed and Glassdoor — continued to lead the company’s other two segments in growth. HR technology segment revenue rose 53.9% year over year in the first quarter. Growth eased from the year-over-year increase of 80.4% in the fourth quarter. Wow.
- Seek revenue sets record: Seek revenue reached $773 million U.S. in FY22, a growth of 47%. Historically low unemployment and a surging demand for talent in the post-pandemic era helped Seek break the A$1 billion revenue milestone for the first time in its 20-year history. Group revenue at Seek Limited, which is listed on the Australian Securities Exchange (ASX) under the ticker SEK, increased 47% to A$1.1 billion ($773 million U.S.) in the financial year to June 30. Double wow.
- Emerge Career helps the formerly incarcerated: Emerge Career has created an improved in-facility training curriculum that prepares the soon-to-be-formerly-incarcerated for an in-demand job using a more modern method. The first training program Emerge has been making available is a commercial trucking license. After showing their system works with trucking, the company plans to expand into manufacturing, healthcare and other industries where there are serious labor shortages. Cool idea!
Well – that’s a lot of job board news, right? Earnings, raises, acquisitions, and even a legal decision! I wonder what will happen in the next 4 weeks? Guess you’ll just have to check back to find out![Want to get Job Board Doctor posts via email? Subscribe here.]. [Check out JobBoardGeek, the Doctor’s podcast!]