It seems that LinkedIn has no plans of slowing down. Following a string of purchases, the company has purchased another startup to develop its recruitment business
The business oriented social networking service, LinkedIn has made yet another acquisition to expand on their newly founded recruitment business. The company has acquired a startup named Careerify, which is a company that develops hiring software aimed for businesses.
After the deal is finalized, two products of the company will be trashed; the first being an employer branding software which is targeted to companies who want to appear more attractive for fresh talent. The second product is named internal mobility software, which is just a fancy way to call internal hiring. The company’s employee referral software, however will remain accessible to current customer but it won’t be accepting any new users.
About the purchase, TechCrunch had this to say, “This is an acquisition, not an acquihire, already have some very well-known large and small organizations using the product including Good Technology and Sunguard.”
Three new people will be joining the company workforce once this acquisition passes through. The first one being Harpaul Sambhi, the CEO and founder of Careerify and the other two are software engineers, who will be joining the Talent Solutions department within LinkedIn.
The terms of the agreement have yet to be disclosed, however we’ll update you as soon as the company releases detailed information about the deal.