Follow Us

We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message

LinkedIn buys Bright, a matchmaker for job hunts

Bright's core feature is designed to better match job seekers and employers

Article comments

LinkedIn is acquiring Bright, a startup that has developed a search technology for better matching job hunters with employers that could help to drive more users to LinkedIn's site.

LinkedIn said Thursday that it would be acquiring the young company, which launched its service three years ago. Bright's technology is built around a scoring mechanism to quickly show job seekers and employers how well-matched they are.

The US$120 million acquisition, made up of 73 percent stock and 27 percent cash, is LinkedIn's largest one ever. The deal is expected to close by the end of March. LinkedIn said several members of Bright's team, including people in engineering and product roles, will be coming over with the acquisition. It did not say whether Bright CEO Steve Goodman would join LinkedIn.

There are more than 2.5 million jobs indexed on Bright, being searched by 7 million people each month, according to the company's website. Job seekers do not have to register to search for jobs using the site, but creating a profile provides access to its key features around matching. Bright's users will be able to access its existing data through Feb. 28, LinkedIn said.

LinkedIn already uses information in people's profiles to tell them how well they are suited to specific jobs. The company also provides tools to suggest jobs that might be of interest to particular users.

But Bright's technology is designed to let employers know in an instant how well-qualified a candidate is for a particular job, saving them the time of having to pore over the résumé to make a first judgment. Bright calls its matching feature the "Bright Score," taking hundreds of variables into account. Bright's matching process can save a recruiter an hour per résumé, the company says.

The acquisition will provide "the ability to apply this technology across the entire economy," Bright founder Eduardo Vivas said in a press release.

LinkedIn said it would use Bright's technology in the years ahead to help make its applicant suggestions for employers, and jobs surfaced for seekers, more relevant.

The acquisition also represents a return to LinkedIn's roots in job search. In recent years the company has rethought its business to make its site more of a place for people to go to for consuming content, not just for finding jobs. To help it do this, last year LinkedIn bought Pulse, a newsreader app to help cultivate a stream of content for its users.

LinkedIn announced the acquisition alongside its fourth-quarter financial results, which showed a 47 percent increase in revenue from the previous year. However, the company's revenue guidance for 2014 came in below analysts' estimates, and LinkedIn's stock tumbled in after-hours trading.

Zach Miners covers social networking, search and general technology news for IDG News Service. Follow Zach on Twitter at @zachminers. Zach's e-mail address is zach_miners@idg.com



Share:

More from Techworld

More relevant IT news

Comments



Send to a friend

Email this article to a friend or colleague:

PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.

Techworld White Papers

Choose – and Choose Wisely – the Right MSP for Your SMB

End users need a technology partner that provides transparency, enables productivity, delivers...

Download Whitepaper

10 Effective Habits of Indispensable IT Departments

It’s no secret that responsibilities are growing while budgets continue to shrink. Download this...

Download Whitepaper

Gartner Magic Quadrant for Enterprise Information Archiving

Enterprise information archiving is contributing to organisational needs for e-discovery and...

Download Whitepaper

Advancing the state of virtualised backups

Dell Software’s vRanger is a veteran of the virtualisation specific backup market. It was the...

Download Whitepaper

Techworld UK - Technology - Business

Innovation, productivity, agility and profit

Watch this on demand webinar which explores IT innovation, managed print services and business agility.

Techworld Mobile Site

Access Techworld's content on the move

Get the latest news, product reviews and downloads on your mobile device with Techworld's mobile site.

Find out more...

From Wow to How : Making mobile and cloud work for you

On demand Biztech Briefing - Learn how to effectively deliver mobile work styles and cloud services together.

Watch now...

Site Map

* *