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Behind the veil at CareerBuilder is one of the deepest and widest talent acquisition platforms in the world." Most people perceive CareerBuilder as a job board. "If gets it for $1 billion they did not overspend," Tincup said. The job board industry has grown crowded- employers can even post jobs on Facebook-making it more difficult to differentiate one service from another.Īnd job posting aggregator Indeed has become the runaway global leader in pure job search traffic.īut CareerBuilder has been quietly acquiring technology in recent years and has built a solid company with loads of potential for the right investors, said William Tincup, SHRM-SCP, an expert on recruiting technology and president of recruitment media company RecruitingDaily.
Global staffing firm Randstad purchased Monster for $429 million in November 2016. "And they both sold for quite a bit less than they would have if they'd been open to the idea at the peak, or at least near it, of their prowess." "The leading pay-to-play job boards Monster and CareerBuilder were looking for a ring from a suitor for quite a while," said Martin Burns, a strategic consulting leader with Boston-based HireClix, a digital recruitment advertising agency. If the deal closes for $1 billion, it would represent a downgrade in the value of CareerBuilder, based on a 2006 evaluation at $1.55 billion. It is still possible that an agreement will not be reached. Sources told Reuters that GTCR came out on top in an auction for the Chicago-based job search site and is in the process of trying to finalize the terms of a deal. Leading job board and talent acquisition solutions company CareerBuilder is in exclusive discussions to be purchased by private equity firm GTCR for $1 billion, according to a Reuters report.