The acquisition was completed at the end of July.
Recruiting.com, formerly known as Jobster, was founded in 2004 by Internet entrepreneur Jason Goldberg. Recruiting.com 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, Recruiting.com 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, Recruiting.com 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.