Jobing buys

Seattle-based has been purchased by AZ-based job site for an undisclosed amount, according to a report on TechFlash yesterday.

The acquisition was completed at the end of July., formerly known as Jobster, was founded in 2004 by Internet entrepreneur Jason Goldberg. went on to raise over $55 million in venture capital funds from Ignition Partners, Reed Elsevier Ventures, Trinity Ventures, Mayfield Fund and others.

According to TechFlash, once employed 150 and was one of the most heavily funded Internet companies in the past decade. But economic woes hit the company hard, and it was forced to lay off a slate of employees and reevaluate its core offering.

CEO Jeff Seely took the helm in 2007 amid general company turmoil. When reached by phone, Seely confirmed the purchase but gave no further details on the amount or what the acquisition will mean for the brand. He has since left the company.

Seely told TechFlash, “It was the right time to do a transaction, and the option of going out to do another financing in a tough environment, made that much more appealing.”

In April, sold its Jobster business, brand name, and URL to Boston-based talent management company Zapoint.

Jobing operates online job boards in a number of cities, including Seattle, Arizona, San Francisco and Portland. It also has acquired the naming rights to the Phoenix ice arena where the National Hockey League’s Phoenix Coyotes play.


Leave a Comment

The top job site blogs

Want to see what the top job sites are blogging about? Check out the Big Dog Blogs category (excluded from the homepage).

Powered by LatPro Inc., developer of: