Universum Development, the parent company of employer branding provider Universum Group, said yesterday it has purchased job site Doostang for an undisclosed amount.
Doostang markets itself as a career platform expressly for young professionals. The site was founded in 2005 and helmed by Chuck Taylor.
Taking over for Taylor will be another familiar name in the recruiting industry: Jeff Berger. Berger was previously the CEO and Founder of KODA, an Internet recruiting company based in San Francisco that is currently on hiatus, according to its website.
“I’m excited about the opportunity to lead Doostang as it continues to grow as a leading professional destination online,” said Berger. “Doostang will provide an innovative social media solution to Universum’s 1000+ clients across the globe.”
The founder of Universum Development said that prior to the acquisition, the company had been keeping close watch on Doostang.
“We have been monitoring Doostang closely for a long time and now look forward to be able to contribute to their continued growth,” said Lars-Henrik Friis Molin, Founder and Chairman at Universum Development.
According to a news release, Doostang is well-connected within the job space. It is partnered with career centers at undergraduate and graduate business schools across the globe, as well as professional associations.
Doostang has raised capital from Shasta Ventures, a venture capital firm in Silicon Valley.