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CareerBuilder history
CareerBuilder company history timeline
The campaign, with the tagline "A better job awaits," was the company's largest brand awareness effort since its inception in 1995.
The Internet division of Monster Worldwide, Inc. emerged in 1995 when the company acquired a recruitment firm that included an online job site designed to bring together job seekers and employers.
CareerBuilder was founded by Robert J. McGovern in 1995 as NetStart Inc. selling software to companies for listing job openings on their Web sites and the ability 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 forecast, but was less successful than other Net offerings of the time.
In July 2000, the company was purchased in a joint venture by Knight Ridder and Tribune Company for $8 a share CareerBuilder acquired competitors CareerPath.com and later Headhunter.net which had already acquired CareerMosaic.
In 2001 CareerBuilder.com reported more than 5.5 million unique monthly visits and 300,000 job listings.
Robert McGovern was replaced as CEO in March 2002 by Robert Montgomery.
In 2002 the company was voted the "The Best General Purpose Job Board for Job Seekers," and it was ranked 14 on the Bloomberg Personal Finance Magazine's Tech 100 list.
Gannett purchased a one-third interest in the company for $98.3 million in 2002, adding the CareerBuilder brand to its 90 newspapers nationwide.
"HotJobs to Make a 'Rainbow Connection' with New Ad during Super Bowl: Consumers Offered Sneak Preview of New Spot on Yahoo! and HotJobs." Business Wire, January 24, 2003.
Bethany McLean. "A Scary Monster: Monster Worldwide Has a Cute Mascot, Memorable Super Bowl Ads, a Rising Stock Price—and a Host of Problems." Fortune, December 22, 2003.
In 2003 the number of monthly visitors to Monster.com dropped 19 percent, to 15.3 million, from the previous year, and revenue dropped nearly 30 percent as well.
"Monster.com Leads in 27 of 50 Top United States Job Markets, Newspapers Still Struggle to Understand Online Sales, according to Report by Classified Intelligence." Business Wire, April 22, 2004.
"Monster and CareerBuilder Lead in Local Online Recruitment Revenue." PR Newswire, May 17, 2004.
"United States Job Recovery Pushes 30 Percent Growth for Online Career Sites, according to Nielsen/NetRatings: Monster.com, CareerBuilder, and Yahoo! HotJobs Take Top Rankings." PR Newswire, July 16, 2004.
The McClatchy Company purchased Knight Ridder for $4.5 billion in stock and cash in March 2006.
In 2006, McClatchy acquires ownership of CareerBuilder after purchasing Knight Ridder, further expanding CareerBuilder’s local footprint.
In December 2008, the company announced layoffs affecting approximately 300 employees.
CareerBuilder acquires software solutions company Profilsoft, renaming it Luceo in 2011 with an enhanced workflow offering.
In September 2012, the company acquired Economic Modeling Specialists Intl. (EMSI), an economic modeling software firm based in Moscow, Idaho.
In 2012, Naz founded Prananaz Inc., which provides bespoke, high-touch, high-tech corporate wellness solutions and delivers speaking, coaching, consulting, and training to teams and organizations of all sizes.
Mobile searches are expected to outpace desktop searches by 2014.
CareerBuilder launches Talent Network (renamed Talentstream Engage in 2015), an "always on" recruiting engine that helps employers build an exclusive pipeline of candidates through multiple engagement points.
In 2016, CareerBuilder and Capella University launched the RightSkill program.
In June 2017, CareerBuilder was purchased by the private-equity firm Apollo Global Management and the Ontario Teachers’ Pension Plan Board.
He joined CareerBuilder in January 2018 to help reduce the company’s cost structure and speed its return to growth.
CareerBuilder has created 29 patented or patentable innovations, and 66% were in 2018.
Prior to joining CareerBuilder in April 2019, Mark held legal positions at Knowles Corporation, Molex, Boeing, Schiff Hardin, and Mayer Brown.
Having joined as CEO in July 2021, Sue is poised to take CareerBuilder beyond its status as industry founder to transform the way hiring and job seeking happens in the 21st century.
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CareerBuilder competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Servicemagic | - | $95.9M | 200 | - |
| BuyerLink | 2003 | $10.0M | 74 | 96 |
| CityGrid Media | 1996 | $2.4M | 66 | - |
| Bear Marketing | - | - | - | - |
| Azuga | 2012 | $63.0M | 790 | - |
| Blinkx Plc | 2004 | $22.0M | 375 | - |
| Screenvision Media | 1990 | $13.0M | 358 | 10 |
| T3Media | 2003 | $780,000 | 11 | - |
| Townsquare Interactive | 2012 | $19.0M | 546 | 9 |
| Indeed | 2004 | $890.0M | 12,674 | 298 |
CareerBuilder history FAQs
Zippia gives an in-depth look into the details of CareerBuilder, including salaries, political affiliations, employee data, and more, in order to inform job seekers about CareerBuilder. The employee data is based on information from people who have self-reported their past or current employments at CareerBuilder. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by CareerBuilder. The data presented on this page does not represent the view of CareerBuilder and its employees or that of Zippia.
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