Jobster Rings Up Investment Cash
A total of $18 million traveled into job search website Jobster, with half of the cash coming from Reed Elsevier, the publisher that owns LexisNexis and Hollywood trade paper Variety.
Jobster has been careful with its cash, CI writer John Zappe noted in the report. A previous funding round of $19.5 million has mostly stayed in the bank, according to Jobster CEO Jason Goldberg.
They have spent some of their cash, though. Jobster bought Recruiting.com in May of this year, and picked up WorkZoo in July 2005 for its vertical search engine.
Zappe detailed some of Jobster’s changes, which saw it evolve from an employee referral service to what it is today:
Reed Elsevier gets a boost to its recruitment efforts, Zappe wrote, while Jobster becomes the job search technology of choice throughout Reed Elsevier’s international network of websites.
David Utter is a staff writer for WebProNews covering technology and business.