Acquisition News
SelectLeaders, the leading commercial real estate job board in the United States was acquired by BISNOW Media an all-cash transaction that closed recently.
Founded in 2002, SelectLeaders Real Estate Job Network connects employers to the highest-quality talent, which results in longer-term hires for their businesses, and delivers employees the ideal next step in their careers. SelectLeaders also powers the career centers for 12 of the industry’s most prominent real estate associations, including BOMA International, ULI, NAREIT, CREW Network and NMHC. Their members control or direct 90% of U.S. commercial real estate, which is why SelectLeaders is widely considered the gold standard for identifying top talent at all levels and in all sectors in the industry.
BISNOW is the largest commercial real estate digital media and live events platform in North America and the United Kingdom. Founded in Washington, D.C., in 2005, the platform now reaches 30 million readers in almost 50 markets across the world and almost 100,000 industry insiders who attend 350 BISNOW events each year.
Following the acquisition, SelectLeaders CEO and owner Susan Phillips will transition away from her day-to-day management responsibilities. The rest of the team will be staying on with Marc Torrey, assuming the new role of Vice President of Growth, and Oliver Medcalf will become Director of Operations. Torrey and the rest of the team will report directly to BISNOW CEO Will Friend and the company’s executive management team.
New Job Boards
http://tcbmag.com/news/articles/2019/december/seven-startups-to-watch
Jumpstart gets $8.5M for a recruitment platform that aims to increase diversity
Jumpstart, which provides a way for organizations to tap into a wider pool of candidates, who themselves have been more carefully ordered by way of Jumpstart’s algorithms, is today announcing that it has raised $8.5 million.
The company today focuses primarily on filling entry/early-stage roles in “knowledge worker” positions such as engineering internships, junior-level marketing roles and business analysts. Founder and CEO Ben Herman said in an interview that the plan will be to continue moving up the funnel to target an ever-wider range of experiences and jobs. To date, the company has helped place people with big-name firms like Akamai, Adobe, Twitch, Lyft, Pinterest and many more.
The Series A is being led by storied VC firm Sequoia Capital, with participation from Michael Lynton, the chairman of Snapchat’s parent Snap Inc.; and Joshua Steiner, the co-chairman of commodity trading firm Castleton Commodities International LLC. Those names and affiliations, significantly, speak to what kinds of power holders are looking at the challenge of diversity and inclusion in hiring, not just who is investing in trying to fix it.
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