CareerBuilder is an American

employment website An employment website is a website that deals specifically with employment or careers. Many employment websites are designed to allow employers to post job requirements for a position to be filled and are commonly known as job boards. Other employ ...

founded in 1995 that operates in the

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Europe Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south, and Asia to the east ...

, and

Asia Asia ( , ) is the largest continent in the world by both land area and population. It covers an area of more than 44 million square kilometres, about 30% of Earth's total land area and 8% of Earth's total surface area. The continent, which ...

. CareerBuilder provides talent management software and other recruitment related services. The company is majority-owned by

Apollo Global Management Apollo Global Management, Inc. is an American asset management firm that primarily invests in alternative assets. , the company had $548 billion of assets under management, including $392 billion invested in credit, including mezzanine capita ...

History

CareerBuilder was founded by Robert J. McGovern in 1995 under the name NetStart Inc. They originally sold software allowing companies to list job openings on their Web sites and to manage the incoming e-mails those listings created. In 1996, Netstart raised $2 million in investment. In 1998, NetStart Inc. changed its name to CareerBuilder and raised another $7 million in investment. In 1999, the company's IPO raised $8 million more than initially forecasted, but was less successful than other Net offerings of the time. In its first day of trading, the

stock Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the Share (finance), shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporatio ...

opened at $17.50 and rose as high as $20 before closing at $16.

Microsoft Microsoft Corporation is an American multinational corporation and technology company, technology conglomerate headquartered in Redmond, Washington. Founded in 1975, the company became influential in the History of personal computers#The ear ...

acquired a minority stake in the company in exchange for using the company's

database In computing, a database is an organized collection of data or a type of data store based on the use of a database management system (DBMS), the software that interacts with end users, applications, and the database itself to capture and a ...

on their own

web portal A web portal is a specially designed website that brings information from diverse sources, like emails, online forums and search engines, together in a uniform way. Usually, each information source gets its dedicated area on the page for displayin ...

. In July 2000, the company was purchased in a joint venture by

Knight Ridder Knight Ridder was an American media company, specializing in newspaper and Internet publishing. It was bought by McClatchy on June 27, 2006, allowing the latter to become the second largest newspaper publisher in the United States at the time ...

and

Tribune Company Tribune Media Company, also known as Tribune Company, was an American multimedia conglomerate headquartered in Chicago, Illinois. Through Tribune Broadcasting, Tribune Media was one of the largest television broadcasting companies, owning 39 ...

for $8 a share. CareerBuilder acquired competitors CareerPath.com and later Headhunter.net which had already acquired CareerMosaic. In 2001, major newspapers owned by

and the

merged their help wanted sections with the online component. In March 2002, Robert McGovern was replaced as CEO of the company by Robert Montgomery. Gannett purchased a one-third interest in the company for $98.3 million in 2002, adding the CareerBuilder brand to its 90

newspapers A newspaper is a Periodical literature, periodical publication containing written News, information about current events and is often typed in black ink with a white or gray background. Newspapers can cover a wide variety of fields such as poli ...

nationwide. The company suffered major difficulty because of the dot com crash and nearly went bankrupt.

The McClatchy Company McClatchy Media Company, or simply McClatchy and MCC, is an American publishing company incorporated under Delaware's General Corporation Law. Originally based in Sacramento, California, United States, and known as The McClatchy Company, it b ...

purchased

for $4.5 billion in stock and cash in March 2006. In May 2006, according to two consumer complaints received by the office of Illinois Attorney General, Lisa Madigan, and reports from other states, scam artists have been contacting job hunters through CareerBuilder.com regarding a "Donations Handler" position with an international charity, also known as a pigeon drop: the "handler" accepts checks sent in the mail from Peachtree Corners, Georgia and is required to wire transfer the amount to an international account within 24 hours, but the checks are later discovered to be fraudulent. Victims reported losing between $500 and $2,000 in this scheme. In 2008, it had the largest market share among online employment websites in the

. In December 2008, the company announced layoffs affecting approximately 300 employee

In 2011, CareerBuilder acquired JobsCentral in

Singapore Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...

and JobScout24 in Germany. In September 2012, the company acquired Economic Modeling Specialists Intl. (EMSI), an economic modeling software firm based in

Moscow, Idaho Moscow ( ) is a city and the county seat of Latah County, Idaho. Located in the North Central Idaho, North Central region of the state along the border with Washington (state), Washington, it had a population of 25,435 at the 2020 United States ...

. EMSI was sold to Strada Education Network in April 2018. In 2014, CareerBuilder acquired the recruiting technology company Broadbean in the U.K. In 2016, CareerBuilder and Capella University launched the RightSkill program. The company also expanded into background screening with the acquisition of Aurico and post-hire software with the acquisition of WORKTERRA. In June 2017, CareerBuilder was purchased by the private-equity firm Apollo Global Management and the Ontario Teachers’ Pension Plan Board. In September of that year, CareerBuilder laid off 120 employees. Irina Novoselsky was appointed as CEO in October 2017, and in July 2021, was replaced as CEO by Sue Arthur from Optum. In September 2024, Monster.com merged with CareerBuilder, and funds managed by Apollo Global Management became the majority owner of the websites.

Operations

CareerBuilder is majority-owned by

. Previously, it was jointly owned by Tegna Digital,

, and

Tribune Media Tribune Media Company, also known as Tribune Company, was an American multimedia conglomerate headquartered in Chicago, Illinois. Through Tribune Broadcasting, Tribune Media was one of the largest television broadcasting companies, owning 39 ...

. CareerBuilder is headquartered in

Chicago, Illinois Chicago is the List of municipalities in Illinois, most populous city in the U.S. state of Illinois and in the Midwestern United States. With a population of 2,746,388, as of the 2020 United States census, 2020 census, it is the List of Unite ...

, with its IT headquarters in

Peachtree Corners, Georgia Peachtree Corners is a city in Gwinnett County, Georgia, United States. It is part of the Atlanta Metro Atlanta, metropolitan area, and is the largest city in Gwinnett County with a population of 42,243 as of the 2020 US Census, 2020 U.S. census ...

, and its international headquarters in

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

, England. In 2012, the company had about 3,000-5,000 employees globally.

International scope

CareerBuilder operates sites in 23 countries outside of the U.S., and has a presence in over 60 markets. CareerBuilder operates in various countries including Canada, France, Germany, India, Sweden and the United Kingdom with the same name. The company has a number of subsidiaries such as Kariera.gr in Greece, Cao-emplois.com, Erecrut.com, Ingenieur-emplois.com, LesJeudis.com, PhonEmploi.com and Recrulex.com in France, economicmodeling.com, oilandgasjobsearch.com, Jobmedic.co.uk and Toplanguagejobs.com in the United Kingdom, and Textkernel in the Netherlands. It also operates niche job search sites including Sologig.com, Headhunter.com, CareerRookie.com, MiracleWorkers.com, WorkinRetail.com, and JobsInMotion.com.

References

External links

* {{DEFAULTSORT:Careerbuilder Employment websites in the United States Apollo Global Management companies Business services companies established in 1995 Internet properties established in 1995 Companies based in Chicago 1995 establishments in the United States Professional networks

History

Operations

International scope

See also

References

External links