SuccessFactors (SFSF) to Acquire Recruiting Marketer Jobs2web in $110M Deal
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SuccessFactors, Inc. (NYSE: SFSF), announced a definitive agreement to acquire Jobs2web, the leading recruiting marketing platform, delivering the first-ever Recruiting Execution Platform.
According to the release: "Jobs2web is renowned in the recruiting industry for its unique ability to "turbocharge" any Applicant Tracking System (ATS) and attract the very best candidates through social networks."
Under the terms of the acquisition agreement, which is subject to various closing conditions, SuccessFactors will pay $110 million in cash for Jobs2web. The transaction is expected to close late in FY11 and is not expected to have material impact on SuccessFactors' fourth quarter and full year 2011 results.
According to the release: "Jobs2web is renowned in the recruiting industry for its unique ability to "turbocharge" any Applicant Tracking System (ATS) and attract the very best candidates through social networks."
Under the terms of the acquisition agreement, which is subject to various closing conditions, SuccessFactors will pay $110 million in cash for Jobs2web. The transaction is expected to close late in FY11 and is not expected to have material impact on SuccessFactors' fourth quarter and full year 2011 results.
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