CareerBuilder Acquires Economic Modeling Specialists Intl.
CHICAGO, Sept. 11, 2012 /PRNewswire/ -- CareerBuilder is making a major strategic move that is changing the game for online recruitment. The company announced it has acquired Economic Modeling Specialists Intl. (EMSI), an economic software firm that specializes in employment data and labor market analysis. Joining forces, CareerBuilder and EMSI will be providing clients with a truly unique perspective on current and future employment trends, skills development and recruitment strategies.
For the past few years, CareerBuilder has been investing heavily in a Workforce Analytics platform that tracks hiring and job search trends to help companies identify the best markets for finding in-demand talent. EMSI's background in complex employment data and developing user-friendly software will enable CareerBuilder to enhance this platform, creating an unmatched repository of historical and real-time labor information.
"Companies around the world need critical labor information to help recruit and retain the best people to drive their businesses forward," said Matt Ferguson, CEO of CareerBuilder. "Big Data has become an integral part of the recruitment process, and EMSI brings a great competitive advantage to CareerBuilder and our clients. No one else in the industry can offer this breadth of information that can make recruitment faster, easier and more cost-effective."
EMSI collects and interprets large amounts of labor data, which is used in workforce development and talent strategy. The two companies first began working together two years ago when CareerBuilder launched the Supply & Demand Portal, a web-based tool that pinpoints markets with the greatest abundance and under-supply of targeted candidates.
"We're excited to join forces with CareerBuilder and expand into new markets," said Andrew Crapuchettes, Principal and CEO of EMSI. "We're able to build on our experience with higher education and workforce investment and take our products to staffing, enterprise and small business markets. In a day and age where jobs and the economy remain at the forefront of many of our minds, we are eager to combine our data and development efforts to help."
CareerBuilder is headquartered in Chicago, Illinois. EMSI is headquartered in the Pacific Northwest in Moscow, Idaho.
Economic Modeling Specialists Intl. (EMSI) provides industry-leading employment data and economic analysis via web tools and custom reports. EMSI has produced more than 1,200 comprehensive impact analyses for colleges and universities in the US and internationally, and our web tools — Analyst and Career Coach — are used by thousands of professionals in higher education, workforce and economic development, and the private sector.
CareerBuilder is the global leader in human capital solutions, helping companies target and attract their most important asset - their people. Its online career site, CareerBuilder.com®, is the largest in the United States with more than 24 million unique visitors, 1 million jobs and 49 million resumes. CareerBuilder works with the world's top employers, providing resources for everything from employment branding and talent intelligence to recruitment support. More than 10,000 websites, including 140 newspapers and broadband portals such as MSN and AOL, feature CareerBuilder's proprietary job search technology on their career sites. Owned by Gannett Co., Inc. (NYSE: GCI), Tribune Company and The McClatchy Company (NYSE: MNI), CareerBuilder and its subsidiaries operate in the United States, Europe, South America, Canada and Asia. For more information, visit www.careerbuilder.com.