So the job site jobvite has juat raised $200 million in funding and are planning to use the cash to acaquire three smaller startups, talemetry, Rolepoint and canvas. Jobvite shouldn’t be disclosing its valuation with the funding, which is coming from non-public fairness agency K1, however for a little bit steering, in an interview, Dan Finnigan, Jobvite’s CEO, mentioned it was a majority stake however nowhere close to a full acquisition. (PitchBook’s final valuation of the corporate, of round $150 million, could be very previous, relationship from September 2014; and it has by no means been confirmed by the corporate.)
Jobvite’s three acquisitions all play a very important role in the development of the coorperation. Canvas, makes use of a bot to supply preliminary details about a candidate to begin the screening course of earlier than human recruiters step in to take over.
Talemetry, in the meantime, faucets into advertising and marketing tech to assist establish the place essentially the most ideally suited candidates is likely to be to be able to higher goal job alternatives at them, within the type of advertisements or different form of content material.
Let just hope the aquisition is a good one and that it helps the coorperation move to the next level.
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