LinkedIn, the professional social networking company, has today announced the acquisition of Connectifier, an online technology platform which helps in the process of recruitment of talent in the company.
The company’s acquisition was revealed through LinkedIn’s earning statement. However, the financial details related to the deal has not been disclosed yet.
As a part of the deal, the R&D team of the company will be relocating to the San Francisco Bay Area and will be joining LinkedIn’s Talent Solutions product line.
Connectifier’s list of customers include some of the biggest companies such as Dropbox, eBay, Facebook, Netflix, PayPal, Salesforce, Twitter, and VMware.
Even after the acquisition, the company’s product, which has free and premium tiers, will remain available in the near future and will remain unchanged.
John Jersin, wrote in a blog post:
Over the coming weeks, we will continue to support Connectifier’s existing products while we focus on making this integration successful—this involves determining how we can best integrate Connectifier to create the most value for our members, customers, and business. In the meantime, you will continue to have access to the product and your service will remain unchanged.
Connectifier was founded in June 2012 by John Jersin and Benjamin McCann. It helps recruiters discover, qualify, and connect with exceptional job candidates at roughly twice the rate of other solutions.
Till now, the company has raised around $11.7 million in three funding rounds from 11 investors, including True Ventures, Okapi Venture Capital, Bridges Ventures, etc.
In its earning statement, LinkedIn said:
The acquisition of Connectifier, announced this afternoon, will further strengthen our core products and accelerate our product roadmap, leveraging powerful machine learning-based searching and matching technology to help recruiters and hiring managers find the perfect talent fit.