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.
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.