Jobvite

Jobvite Inc. is an Indianapolis, Indiana software and recruiting corporation.

Jobvite, Inc.
FormerlyForumJobs, Inc.
TypePrivate
IndustrySoftware
Founded2006
FoundersJesper Schultz and Hans Larsen
HeadquartersIndianapolis, United States
Number of locations
London, Indianapolis, Portland, Canada, United Kingdom
Key people
Aman Brar, CEO, Jared Adams, COO, Joe Kuntz, CRO
ServicesSoftware, Recruiting, Human Resources
Number of employees
450
Websitewww.jobvite.com

History

Jobvite, Inc. was established in 2003 by Jesper Schultz and Hans Larsen, under the name ForumJobs, Inc.[1] The company name was changed to Jobvite in 2006.[2]

In July 2008, Dan Finnigan, formerly of Yahoo! and hotjobs.com, was appointed as the CEO of the company.

Investments and company expansion

In September 2010 Jobvite formed a partnership with SuccessFactors Business Execution (BizX) Suite. The partnership added BizX Suite's 8 million plus users to the Jobvite search platform.[3]

In October 2014, Jobvite received $25 million in investments from New York City-based growth equity firm Catalyst Investors. They joined Trident Capital, CMEA Capital, and ATA Ventures as one of the firm’s chief investors. Investment in the company amounted to more than $55 million at the time.[4]

In August 2015, the company launched operations in London, England.[5] By 2019, the company had additional offices in Chicago, Boston and Bengaluru, India.

In February 2019, K1 Investment Management invested more than $200 million dollars in Jobvite. Part of the funds assisted in Jobvite’s acquisition of three companies, Talemetry, RolePoint and Canvas. The acquisition resulted in an additional 2,000 customers for Jobvite, including Fortune 500 companies.[6]

Services

In 2014, Jobvite was cited as being a server to over 1600 global companies, with over 46 million job seekers worldwide.[7] Jobvite specializes in the provision of a Software as a Service (SaaS) recruiting platform. Its web-based service enables its clientele to create job invitations, known as "jobvites," to business associates and employees, or on social networking sites such as Facebook or LinkedIn, making it a viable social recruiting provider to companies to post job openings and manage the recruitment process.[4] Its clientele include Twitter, LinkedIn, Schneider Electric, and Gamesys.[8]

Jobvite offers a number of features within its recruiting platform. These include:

  • Jobvite Video: a platform used for interviewing potential employees by video.[9]
  • Jobvite Hire: an applicant tracking system (ATS) tool for monitoring and managing recruitment by both hiring managers and applicants,[10][11]
  • Jobvite Refer: a recruitment feature that allows employees to send out "jobvites" on social networking sites and monitor progress.[12]
  • Jobvite Engage: a CRM for tracking and recording the interactions of qualified prospects from social networking sites and résumé databases.[13]
  • Jobvite Onboard: a platform that houses traditional onboarding human resources materials in digitized form.[14]

In 2010 its most popular application was “Work With Us”, which had roughly 5,000 active users every month at the time.[15]

Jobvite has become known for its surveys into social recruitment, and is frequently cited as a source by media outlets such as Time, Inc.,[16] and numerous authors of books on social and human resource management.[17][18][19][20]

References
  1. "Jobvite". Forbes. Retrieved 22 April 2016.
  2. "Company Overview of Jobvite, Inc". www.bloomberg.com. Retrieved 2019-04-18.
  3. "Jobvite Partners With SuccessFactors Bringing Power of Social Recruiting to Business Execution Suite". finance.yahoo.com. Retrieved 2019-04-18.
  4. Lunden, Ingrid (7 October 2014). "Jobvite Lands Another $25M For Its Recruitment-As-Marketing Analytics Platform". TechCrunch. Retrieved 22 April 2016.
  5. England, Lucy (11 August 2015). "The firm that helps Twitter and LinkedIn recruit tech talent is coming to the UK". Business Insider. Retrieved 22 April 2016.
  6. "Jobvite gets $200 million investment, acquires three companies". www2.staffingindustry.com. Retrieved 2019-06-06.
  7. "Jobvite lands $25M to continue filling 'the entire funnel of recruiting'". VentureBeat. 7 October 2014. Retrieved 22 April 2016.
  8. "Announcing Jobvite's 2016 Customer Summit "Recruiting Reimagined" in San Francisco, May 17-18". Yahoo Finance. 19 April 2016. Retrieved 22 April 2016.
  9. "5 video interviewing platforms put candidates on camera to help you hire your next star". PC World. Retrieved 22 April 2016.
  10. "The Forrester Wave™: Talent Acquisition Vendors, Q3 2015". Forrester. Retrieved 22 April 2016.
  11. "Jobvite: Staffing Software For A New Generation". Recruiting Division. Retrieved 22 April 2016.
  12. "Jobvite Refer". Jobvite.com. Retrieved 22 April 2016.
  13. "New Jobvite products: Engage and Refer". ZDNet. Retrieved 22 April 2016.
  14. "Jobvite – Leading Recruitment Industry raises $200M+ for Expansion | Meldium". Retrieved 2019-06-06.
  15. Shih, Clara (21 July 2010). The Facebook Era: Tapping Online Social Networks to Market, Sell, and Innovate. Pearson Education. p. 202. ISBN 978-0-13-254245-6.
  16. "How Recruiters Are Using Social Media—and What It Means for You". Time. 10 December 2014. Retrieved 22 April 2016.
  17. DeCenzo, David A.; Robbins, Stephen P.; Verhulst, Susan L. (12 October 2015). Fundamentals of Human Resource Management, Binder Ready Version. John Wiley & Sons. p. 338. ISBN 978-1-119-03274-8.
  18. Rosen, Larry D.; Cheever, Nancy; Carrier, L. Mark (2 June 2015). The Wiley Handbook of Psychology, Technology and Society. John Wiley & Sons. p. 317. ISBN 978-1-118-77202-7.
  19. Williams, Caitlin; Reitman, Annabelle (13 September 2013). Career Moves: Be Strategic About Your Future. American Society for Training and Development. p. 184. ISBN 978-1-56286-868-0.
  20. Coine, Ted; Babbitt, Mark (17 September 2014). A World Gone Social: How Companies Must Adapt to Survive. AMACOM. p. 228. ISBN 978-0-8144-3327-0.
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