February 26, 2014

Monster acquires two recruiting startups

Job search engine Monster recently announced that it had acquired TalentBin and Gozaik, two startups that link social networking with recruiting. The terms of the business acquisitions were not made public. 

San Francisco-based TalentBin matches job seekers with employers through a database drawn from information about candidate activity on websites like Facebook, Twitter, Github and Quora. The startup also provides employers with the tools to effectively manage communications with prospects. According to TechCruch, this firm is actually a new version of the website formerly known as Honestly, where professionals could provide anonymous reviews of their peers. 

Gozniak, a Boston-based firm aggregates job announcements and distributes job ads across various social networks. For Twitter users, the program also takes streams of job-related posts and condenses it into an easy-to-search list. 

The technology provided by both of these small companies will allow Monster to more effectively connect job seekers to relevant employment opportunities. 

"The acquisition of TalentBin and Gozaik completes one key component of a larger strategy designed to help our business grow," said Sal Iannuzzi, chairman, president and CEO of Monster Worldwide in a press release. "We look forward to sharing more details about these plans at our investor briefing event later this year."

Monster says that both deals were completed during the first quarter of 2014 and investors would be given more details at the company's May 14 briefing. 

The monster deal is just the latest of a number of technology mergers that have recently occurred in the job search industry. A few weeks ago, LinkedIn announced that it had acquired popular job search engine Bright.com