Interview Exchange and eQuest Join Forces to Deliver Global Job Ad Distribution Network

Westborough, Mass. - May 24, 2004 - The Interview Exchange, an emerging force in online recruiting, today announced it has signed a long-term agreement with eQuest, of San Ramon, Cal., to provide Interview Exchange customers with seamless access to eQuest’s simplified, cost-effective system for distributing job ad postings to more than 1,000 job boards around the world.

Naray Viswanathan, PhD, President and CEO of the Interview Exchange, said, Today the industry-leading eQuest system is available to most large companies through the applicant tracking systems (ATSs) they employ. Until now, however, small and medium sized businesses (SMBs) have lacked a unified platform that both leverages the advantages of listing jobs on multiple job boards and efficiently manages the resulting information flow. Our new partnership with eQuest satisfies a critical need of this enormous market.

John Malone, President and Chief Executive Officer of eQuest, added, eQuest welcomes our new partnership with the Interview Exchange, a leader in online recruiting innovation, to provide complete job-posting integration support for its customers. We are particularly excited by the opportunity this agreement creates to extend our reach into the SMB market.

Leveraging the Rewards of Multiple Job Boards
Employers of all sizes increasingly realize that, by sourcing candidates from multiple job boards, they can generate a pool of higher quality job applicants. From major commercial sites, to the career websites of local newspapers, to occupation-specific job databases, casting a wide net generates a broader selection of top talent.

But without effective tools for managing the resulting landslide of resumes, typically 70-90% of them from unqualified applicants, even the largest HR departments quickly become overwhelmed. For SMBs, the pain is particularly acute.

By employing Interview Exchange applicant screening with multi-job board postings, customers realize remarkable savings in time and effort. Recruiters and hiring managers can dynamically manage the flow of thousands of job seekers for each job and avoid dealing with excess information from under- or over-qualified applicants. Interview Exchange clients report saving up to 34 hours per job while automatically identifying the relatively few candidates who match the employer’s job requirements and ideal applicant qualifications.