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SuccessFactors Acquires Jobs2web

By Mandira Srivastava
TMCnet Contributor

To seek new markets and opportunities to expand business, Success Factors, a company specializing in business execution cloud-based software, has completed a definitive agreement to acquire Jobs2web, a recruiting marketing platform, delivering the first-ever Recruiting Execution Platform.

Jobs2web is company in the recruiting industry for its unique ability to "turbocharge" any Applicant Tracking System (ATS) and attract the very best candidates through social networks.

By generating superb recruiting experiences for hiring managers as well as candidates, companies can save time and money, foster engaged communities, and enhance their brand reputation.

"It was easy for SuccessFactors to pull the trigger on acquiring Jobs2web, despite an extremely competitive acquisition fight for them, because they have so many powerful assets. First, they're growing incredibly fast. And they are completely disrupting the way companies can make social networks their friends in recruiting and not a distraction, helping hiring managers find people in ways they never could before. Lastly, the analytics dashboards provide quality insights not seen in this industry before," said Lars Dalgaard, founder and chief executive officer, SuccessFactors. "There are 300 million job searches alone on Google (News - Alert) each year, that companies don't know how to get to, with Jobs2web SuccessFactors can help companies turn resumes into candidates, broadcasting their jobs in all social networks."

Jobs2web, companies can carry on social and mobile recruiting programs across all potential recruiting channels like Bing, Facebook, Google, Indeed, Jigsaw, Juju, LinkedIn, Twitter (News - Alert), Yahoo, Zoominfo, and other communities.

 Jobs2web works with all big recruiting companies and ATS systems and will be immediately integrated with SuccessFactors' Business Execution applications.

According to a press release, SuccessFactors will join its industry social, mobile and collaborative recruiting management solution with Jobs2web's recruiting marketing platform to develop a transformational social recruiting engine with dynamic talent communities that minimize cost and maximize quality and speed. This new platform will help companies to seek the best people, drive more engagement with potential candidates and analyze program effectiveness.