- LinkedIn (LNKD - unchanged) has acquired Careerify, a Toronto-based developer of recruiting software tools for businesses. Terms are undisclosed.
- Two of Careerify's products will be shuttered, but a referral product that helps companies find job candidates using their employees' social network contacts - it could complement LinkedIn's existing recruiting tools, which make heavy use of publicly-shared member data - will remain open to existing customers. No word yet on how LinkedIn exactly plans to leverage the product or its underlying technology.
- Careerify CEO Harpaul Sambhi: "We decided to join LinkedIn due to what we lacked – massive scale. More than 30,000 companies across the globe leverage LinkedIn for recruitment, and with more than 347 million members, LinkedIn offers an opportunity to make a much larger impact on job seeking and hiring."
- The purchase follows LinkedIn's 2014 acquisitions of business ad services firm Bizo (recently leverage to launch a new ad product) and job search engine/listing platform Bright.