Hey folks! It's summer! Laying back, sipping a cool drink, going barefoot. But apparently in our industry, summertime means 'deal time'. Check out the acquisitions and funding action below. My head is spinning. I think I need a vacation!:
- LinkedIn can't stay out of court: LinkedIn must face a lawsuit claiming the company violated customers’ privacy rights for marketing purposes by accessing their external e-mail accounts and downloading their contacts’ addresses. Users of the world’s most popular professional-networking website consented to LinkedIn’s sending an “endorsement e-mail” to recruit their contacts to the site, Koh said in her ruling. The judge said the company’s practice of then sending reminder messages to contacts who hadn’t responded was grounds for the lawsuit to go forward. In unrelated news, LinkedIn settled their lawsuit with HiringSolved.
- Japan's Social Recruiting gets some funding: Social Recruiting, a Tokyo-based startup that claims to be Japan’s number one social recruiting service, received more than US$2 million in series A funding from domestic VC Global Brain. The service utilizes social media to connect university graduates with more than 400 client companies.
- SimplyHired raises more money: Aggregator SimplyHired says that it has raised $12 million in additional funding. Prior to the new round, the company had raised more than $22 million, most recently in a $4.6 million Series C. In other news, SimplyHired is replacing Jobamatic with a new product they call Simply-Partner.
- Talent Inc. buys RezBiz: Talent Inc., formerly Nova Global Inc., the parent company of Doostang and TopResume has acquired the assets of RezBiz, a provider of professional resume writing and LinkedIn makeover services. The transaction forms the largest resume writing service in the country.
- Panda makes GlassDoor happy: The latest update to the Google search algorithm sent waves through the Internet. GlassDoor's visibility more than doubled on Google after the update, and it had the largest absolute gain in visibility of any website, according to SearchMetrics.
- Indeed buys Mobolt: Indeed bought MoBolt to try and make it easier for employers to accept job applications from smart phones. For some jobs listed on Indeed — those that are from MoBolt clients — they’ll see an apply-with-your-smart-phone marking, or if they are a job seeker with no resume yet uploaded, they’ll be prompted to sign up and then apply with their phone.
- Job matching site picks up funding: Spain and U.K.-based recruitment site JobAndTalent raised $14 million U.S. in a Series A round of funding. The site uses linguistic algorithms to match users with jobs, eliminating the need for individuals to spend hours searching online ads
- Mediabistro gets sold: Mediabistro Inc. announced that it has entered into a definitive agreement to sell its editorial and e-commerce assets to PGM-MB Holdings, LLC, a wholly-owned subsidiary of Prometheus Global Media, for an aggregate purchase price of $8 million in cash. The assets being sold consist of a number of blogs and websites and include the Mediabistro job board and education unit.
- WANTED to supply jobs: WANTED Technologies says that its real-time database of more than 5 million currently available job openings in the US and Canada is available for integration into consumer-facing career and education sites. WANTED collects real-time job opening information from more than 25,000 online sources of jobs and makes this data available to clients and partners through an automated, Application Programming Interface (API).
That's all for now. Let's see what the next few weeks bring!