Monster Worldwide, Inc. (NYSE:MWW) today announced the acquisition of TalentBin, Inc., a social profile talent search engine, and Gozaik LLC, a developer of social jobs aggregation and distribution technology. Terms of the transactions were not disclosed.
The capabilities contributed by these acquisitions will enhance Monster's ability to successfully connect people and job opportunities by adding increased distribution of job ads across social channels and additional employer resources for finding the best candidates.
"The acquisition of TalentBin and Gozaik completes one key component of a larger strategy designed to help our business grow," said Sal Iannuzzi, chairman, president and chief executive officer of Monster Worldwide. "We look forward to sharing more details about these plans at our investor briefing event later this year."
TalentBin, based in San Francisco, matches candidates to employers through a talent database drawn from candidate activity on social websites, including Facebook, Twitter, Quora, Meetup, Github and Stack Overflow, and provides CRM tools to allow employers to efficiently manage candidate communications.
Gozaik, based in Boston, aggregates social job announcements and distributes broad and targeted job ads across social channels, providing employers with the ability to find, engage and hire talent on Twitter.
Both acquisitions closed during the first quarter of 2014. Monster's strategy briefing for investors is scheduled for May 14, 2014.