TalentSpring Acquired by Talent Technology
Seattle-based TalentSpring has been acquired by Richmond, B.C.-based recruitment and hiring software company Talent Technology, according to a statement released today. Financial terms of the deal were not disclosed.
TalentSpring is a semantic-search software developer that helps job recruiters better match candidates to open positions. To date, the company has raised $2.7 million in financing from Second Avenue Partners and private investors. TalentSpring’s system gives employers access to over 120 million resumes, aggregating information from Monster, CareerBuilder, HotJobs, and Dice, alongside niche job boards, social networks, the Web, and the company’s internal resume database.
The acquisition was a strategic move for the company, founded in 2007, according to ex-Microsoftie, and TalentSpring founder and chief executive Bryan Starbuck. TalentSpring’s 10 full-time employees will be staying on with Talent Technology, including Starbuck, who will become the vice president of product management under the new company.
Talent Technology currently has about 95 employees, and was recently ranked by Software Magazine as the 352nd largest software company worldwide. With the acquisition, TalentSpring’s Seattle offices will become the new regional offices for Talent Technology.