LinkedIn (LNKD) Acquires HR Technology Startup, Careerify

LinkedIn (NYSE: LNKD) has acquired Careerify.

Careerify is a Toronto-based startup focused on automating the referral process. Terms of the deal weren't disclosed.

The following was posted to Careerify's website by founder and CEO Harpaul Sambhi on Monday:

Careerify was founded with a bold mission: to eradicate unemployment globally while making our clients more profitable and strategic. Today, I’m happy to share that we’ve been acquired by LinkedIn.

We started this business during one of the worst recessions of our time, where the term ‘needle in a haystack’ reflected the job search experience for millions of candidates. In response, we developed a referral solution that looked at open jobs within an organization and scanned its employees’ connections on social networks in real-time to pinpoint the perfect candidate.

We decided to join LinkedIn due to what we lacked – massive scale. More than 30,000 companies across the globe leverage LinkedIn for recruitment, and with more than 347 million members, LinkedIn offers an opportunity to make a much larger impact on job seeking and hiring. We are absolutely thrilled to be joining LinkedIn to accelerate our technology and connect talent with opportunity on a massive scale.

As we work with LinkedIn, Careerify will no longer focus its efforts on internal mobility and employer branding. We’ll focus purely on further improving our employee referral software for existing customers, and will not be taking on new customers.

Reflecting on this incredible journey, we would like to thank our customers for their unbelievable support. You stood by us and believed in our mission throughout the years and there are simply no words to express our gratitude for that.

As the saying goes, “It’s a beautiful thing when career and passion come together.” We look forward to working with the LinkedIn team to help people find their dream jobs, and jobs find the right people.

All the best,

Harpaul Sambhi
Careerify Founder and CEO

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