Zapoint Buys Social Recruitment Site Jobster
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The relatively positive jobs report last week could mean that recruitment sites return to healthier ad revenues. In preparation of a somewhat healthier employment ad market, Zapoint, a company that bills itself as a “career and talent management platform,” has acquired social recruiter Jobster, Techcrunch reported. Terms weren’t disclosed.
In April ‘08, Jobster raised $7 million on top of a previous $48 million it received since launching in 2004. The company had been looking to raise additional funds since it had lost $11 million the year before.
SEE ALSO: Social Networking Jobs Site Jobster Raises Another $7 Million
Just before the turmoil of ‘07, Jobster acquired a site called Recruiting.com. Last year, following a series of layoffs, Jobster adopted the Recruiting.com name as its own. As part of the deal with Zapoint, Recruiting.com will sell the Jobster name and technology.
Posted In: Advertising, E-Commerce, Classifieds Business, Jobs & Layoffs, Money, M&A & Venture Capital, Mergers & Acquisitions, jobster, zapoint
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