More NewsMonster.com Nabs HR Solution Provider

Monster.com Nabs HR Solution Provider

Monster.com will acquire e-recruiting Application Service Provider Simpatix Inc.

Monster.com Monday moved to extend its position as an online career resource leader by acquiring privately-held Simpatix Inc., an e-recruiting Application Service Provider.

Terms of the acquisition were not disclosed.

Monster.com, the flagship firm of recruitment giant TMP Worldwide, inked the deal on the strength of Simpatix’s technology, which provides HR professionals and hiring managers with the tools to manage the hiring process — from posting and screening to pinpointing top candidates to analyzing the overall effectiveness of a company’s recruiting activities.

Simpatix’ intelligent screening technology helps companies manage volumes of resumes by automatically ranking candidates based upon criteria the company defines for each position. The technology also enables customized searches on a company’s existing resume database.

Jeff Taylor, Monster.com chief executive officer, said Monster.com’s success has snowballed to the point that clients have requested “even more help in managing the flow of resumes and their overall recruiting needs.”

“With this acquisition we can now offer an easy-to-use, low-cost system that maximizes their recruiting ROI. Additionally, we plan to build dominant market share by giving away a basic version of Simpatix technology.”

Simpatix lets HR professionals and hiring managers:

  • Create a private label recruiting center on their corporate Web site and easily manage their own job postings
  • Capture resumes and applicant data into a private, company-wide database without the need for IT assistance
  • Utilize fully customizable online questionnaires to gather expanded information on applicants, pinpointing top talent
  • Quickly perform time-consuming administrative tasks such as correspondence, appointments and notifications.

The Simpatix solution will be sold through Monster.com’s sales channel and through TMP’s recruiting businesses.

Monster.com’s last large deal was a four-year, $100 million pact with America Online Inc. With that move, Monster.com became the exclusive career-search engine across AOL brands — , AOL Canada, AOL.com, CompuServe, ICQ, Netscape Netcenter and Digital City.

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