Daily News

View All News

CareerBuilder acquires remaining stake in Textkernel

January 23 2019

CareerBuilder has acquired the remaining stake in Textkernel that it didn’t already own. It had initially acquired a majority stake in 2015.

Amsterdam-based Textkernel provides semantic search and matching technology for résumé/cover letter databases. It also provides multilingual résumé/cover letter parsing. Its technology can also convert résumés, cover letters or social media profiles into a searchable database record.

“As the competitive landscape has intensified, we’ve seen job boards explore other areas of talent acquisition technology and expand their services beyond online job postings,” SIA Research Manager David Francis said. “Acquiring TextKernel seems like a natural extension of CareerBuilder’s strategy to become a holistic and end-to-end recruiting platform.”

The transaction closed this month; terms were not disclosed. The Textkernel brand will remain and now operate as a CareerBuilder company. Textkernel’s semantic search has already been fully integrated into CareerBuilder’s Talent Discovery Platform.

“In our nearly 25 years of experience, we’ve learned that recruiters speak one language and candidates speak another,” said CareerBuilder CEO Irina Novoselsky. “We are building and implementing technologies that close this gap for both sides of our marketplace, and improve every stage of the hiring process.”

Comments

Add New Comment

Post comment

NOTE: Links will not be clickable.
Security text:*