Jobvite Explained

Jobvite, Inc.
Former Name:ForumJobs, Inc.
Type:Private
Foundation:2006
Founders:Jesper Schultz and Hans Larsen
Hq Location:Indianapolis, United States
Locations:London, Indianapolis, Portland, Canada, United Kingdom
Industry:Software
Services:Software, Recruiting, Human Resources
Key People:Peter Lamson, CEO
Jared Adams, COO
Joe Kuntz, CRO
Num Employees:450

Jobvite Inc. is a software and recruiting corporation based in Indianapolis, Indiana in the United States.

History

Jobvite, Inc. was established in 2003 by Jesper Schultz and Hans Larsen, under the name ForumJobs, Inc.[1] The company name was changed to Jobvite in 2006.[2]

In July 2008, Dan Finnigan, formerly of Yahoo! and hotjobs.com, was appointed as the CEO of the company.

Investments and company expansion

In September 2010 Jobvite formed a partnership with SuccessFactors Business Execution (BizX) Suite. The partnership added over 8,000,000 users from BizX Suite to the Jobvite search platform.[3]

In October 2014, Jobvite received US$25 million in investments from New York City-based growth equity firm Catalyst Investors. They joined Trident Capital, CMEA Capital, and ATA Ventures as one of the firm's chief investors. Investment in the company amounted to more than $55 million at the time.[4]

In August 2015, the company launched operations in London, England.[5] By 2019, the company had additional offices in Chicago, Boston, and Bengaluru, India.

In February 2019, K1 Investment Management invested more than $200 million in Jobvite. Part of the funds assisted in Jobvite's acquisition of three companies, Talemetry, RolePoint and Canvas. The acquisition resulted in an additional 2,000 customers for Jobvite, including Fortune 500 companies.[6]

In April 2021, K1 Investment Management purchased and merged Jobvite with JazzHR and NXTThing RPO. Peter Lamson, the CEO of JazzHR, now serves as the CEO for the combined companies.[7]

Services

In 2014, Jobvite was cited as being a server to over 1,600 global companies, with over 46 million job seekers worldwide.[8] Jobvite specializes in the provision of a Software as a Service (SaaS) recruiting platform. Its clientele include Twitter, LinkedIn, Schneider Electric, and Gamesys.[9]

Jobvite offers a number of features within its recruiting platform, including:

In 2010, its most popular application was "Work With Us", which had roughly 5,000 active users every month at the time.[16]

Jobvite has become known for its surveys into social recruitment, and is frequently cited as a source by media outlets such as Time, Inc.,[17] and numerous authors of books on social and human resource management.[18] [19] [20] [21]

External links

Notes and References

  1. Jobvite. Forbes. 22 April 2016.
  2. Web site: Company Overview of Jobvite, Inc.. www.bloomberg.com. 2019-04-18.
  3. Web site: Jobvite Partners With SuccessFactors Bringing Power of Social Recruiting to Business Execution Suite. finance.yahoo.com. en-US. 2019-04-18.
  4. News: Lunden, Ingrid. Jobvite Lands Another $25M For Its Recruitment-As-Marketing Analytics Platform. TechCrunch. 7 October 2014. 22 April 2016.
  5. Web site: England, Lucy. The firm that helps Twitter and LinkedIn recruit tech talent is coming to the UK. Business Insider. 11 August 2015. 22 April 2016.
  6. Web site: Jobvite gets $200 million investment, acquires three companies. www2.staffingindustry.com. en-US. 2019-06-06.
  7. Web site: JOBVITE, JAZZHR AND NXTTHING RPO COMBINE WITH PRIVATE EQUITY ACQUISITION companies. www2.staffingindustry.com. en-US. 2021-04-26.
  8. News: Jobvite lands $25M to continue filling 'the entire funnel of recruiting'. 7 October 2014. VentureBeat. 22 April 2016.
  9. Web site: Announcing Jobvite's 2016 Customer Summit "Recruiting Reimagined" in San Francisco, May 17-18. 19 April 2016. Yahoo Finance. 22 April 2016.
  10. 5 video interviewing platforms put candidates on camera to help you hire your next star. PC World. 22 April 2016.
  11. Web site: The Forrester Wave™: Talent Acquisition Vendors, Q3 2015. Forrester. 22 April 2016.
  12. Web site: Jobvite: Staffing Software For A New Generation. Recruiting Division. 22 April 2016.
  13. Web site: Jobvite Refer. Jobvite.com. 22 April 2016.
  14. News: New Jobvite products: Engage and Refer. ZDNet. 22 April 2016.
  15. Web site: Jobvite – Leading Recruitment Industry raises $200M+ for Expansion Meldium. 14 February 2019. en-GB. 2019-06-06.
  16. Book: Shih, Clara. The Facebook Era: Tapping Online Social Networks to Market, Sell, and Innovate. 21 July 2010. Pearson Education. 978-0-13-254245-6. 202.
  17. How Recruiters Are Using Social Media—and What It Means for You. https://web.archive.org/web/20141210145911/http://time.com/money/3614301/recruiters-social-media-job-search. dead. December 10, 2014. Time. 10 December 2014. 22 April 2016.
  18. Book: DeCenzo. David A.. Robbins. Stephen P.. Verhulst. Susan L.. Fundamentals of Human Resource Management, Binder Ready Version. 12 October 2015. John Wiley & Sons. 978-1-119-03274-8. 338.
  19. Book: Rosen. Larry D.. Cheever. Nancy. Carrier. L. Mark. The Wiley Handbook of Psychology, Technology and Society. 2 June 2015. John Wiley & Sons. 978-1-118-77202-7. 317.
  20. Book: Williams. Caitlin. Reitman. Annabelle. Career Moves: Be Strategic About Your Future. 13 September 2013. American Society for Training and Development. 978-1-56286-868-0. 184.
  21. Book: Coine. Ted. Babbitt. Mark. A World Gone Social: How Companies Must Adapt to Survive. registration. 17 September 2014. AMACOM. 978-0-8144-3327-0. 228.

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