Info-tech

LinkedIn in talks to buy jobs portal BeatMySalary for £10 m

Priyanka Pani Mumbai | Updated on January 13, 2018 Published on March 13, 2017

If the deal goes through, it will be LinkedIn’s third acquisition in the recruitment phase globally   -  REUTERS

UK-based website raised $2 m last year from angel investors in India, Singapore

Business and employment-related social networking platform LinkedIn, which is looking at strengthening its platform to help recruiters find the right talent, is likely to make its third acquisition in the recruitment segment.

According to sources, the firm is currently in talks with London-based head-hunter portal BeatMySalary (BMS) for a possible acquisition.

According to top investment bank sources, the deal size is pegged at £10 million.

While LinkedIn has not responded to a query from BusinessLine in this regard, BeatMySalary declined to comment.

Started by two UK-based investment bankers, Swash Ram and Karthik Prasad, BMS raised about $2 million last year from various angel investors in India and Singapore, sources added.

The sector-agnostic recruitment portal is a marketplace meant for senior professionals only, and has operations in the UK and India. It caters to the needs and requirements of recruitment agencies and companies to reach out to prospective candidates

‘Talent shopping’

Speaking to BusinessLine earlier, Swash Ram, the founder, had said: “BMS is the only platform in the world where recruiters can come shopping for talent. We have created a shopping experience for recruiters where they can add ‘candidate cards’ into a ‘reach-out basket’, and reach out using a job description in one go. It is a first-of-its-kind job board, where candidates do not go looking for available jobs, but recruiters come looking for candidates.”

Besides, the recruiters get to know the candidate’s expectations and constraints upfront even before connecting with the candidate, post which they are patched through a call with an online telephony system so that the candidate’s number remains confidential, Ram had said.

The company has clients such as Beta Amazon, Wal-Mart, Lowe’s, Target Corp, Justdial and IMS.

If the deal goes through, it will be LinkedIn’s third acquisition in the recruitment phase globally. In 2015, the firm had acquired Careerify.net, a Toronto-based online platform offering recruitment solution in the human resource industry.

In 2016, it acquired California-based Connectifier, a start-up with technology for helping recruiters find talent, for an undisclosed amount.

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Published on March 13, 2017
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