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Posted by Zach Thomas on July 31, 2008
Monster today announced their acquisition of Mountain View, Calif. based Trovix for $73 million in an all cash deal. Trovix was known as an applicant tracking system (ATS) vendor and have amassed over 40 customers during their short tenure, but that was not their passion. Instead, they were fully focused on perfecting and innovating search technologies. Their goal was to bridge the gap between jobs and candidates and find the perfect match for both. So what does Monster get and what are they going to do with Trovix?
I agree that efficient and relevant search is key and could be a differentiator. Only problem is Monster still needs to figure out how to attract new candidates and jobs in a world of social technologies.
So the consolidation in the HR/HCM space continues – who do you think is next?
Zach Thomas, Senior Analyst
Business Process & Applications