- The war for talent gets new interactive tools -
MONTREAL, Jan. 28 /CNW Telbec/ - iNovia Capital, a manager of seed and
early stage venture capital funds, which invest in sectors such as software,
semiconductors, medical devices, biopharmaceuticals, cleantech and advanced
technologies, today announced that it has made a $2 million investment in
Montreal-based company Standout Jobs, a startup in the recruiting and online
job market space.
Standout Jobs was founded in February 2007 by Ben Yoskovitz, Fred Ngo and
Austin Hill to power companies' online recruiting efforts and help them stand
out from the crowd. The company's RECEPTION(TM) product brings the latest Web
consumer experiences - easy, personal and dynamic - to the recruiting process.
At the heart of RECEPTION is a do-it-yourself interactive career site that
leverages social media tools and principles, including video, blogging and
widgets, to showcase a company's culture and team. The goal is to help
companies develop and promote their employment brand, in order to find and
hire the best talent. RECEPTION also includes candidate relationship
management tools enabling HR managers to identify, interact with and track
"We believe in the team and Standout Jobs' market potential because they
are changing the way companies recruits great employees," said John Elton,
Partner with iNovia Capital. "The recruitment sector represents about
one-fourth of all Internet advertising, yet many companies remain dissatisfied
with the results of their career site and job board spending. Standout Jobs
helps companies employ unique strategies and online tools to establish their
employer brand and develop relationships with potential hires."
Standout Jobs is launching RECEPTION today at DEMO 08, the conference
where the newest and best products in digital technology debut. Initial
customers include more than 20 firms representing some of North America's most
exciting companies, including b5media, Freshbooks, Jangl, Mobivox, Socialight,
and Xobni. Standout Jobs' DEMO presentation can be viewed live at 9:44 AM
(PST) on January 30 at http://www.demo.com.
"We're delighted that iNovia Capital shares our belief in the power of
new technologies to bridge the gap between great companies and great job
candidates," said Benjamin Yoskovitz, CEO of Standout Jobs. "This investment
will enable us to further develop and market our interactive career site
technology to small and medium sized companies."
RECEPTION is a software-as-a-service solution that can be integrated into
existing sites or operated as a stand-alone Web site to power companies'
recruiting efforts. RECEPTION is offered with a 90-day free trial, allowing
companies to begin interacting with candidates at no cost. Following the trial
period, RECEPTION is available on a monthly subscription basis.
About Standout Jobs
Standout Jobs is a startup providing web-based tools to help companies
recruit great candidates more effectively. Standout Jobs' RECEPTION product is
a suite of web-based tools to power companies' online recruiting efforts and
help them stand out from the crowd. The company was started by Benjamin
Yoskovitz, Fred Ngo and Austin Hill in February 2007 with initial seed funding
from Austin Hill, private angel investors and iNovia Capital. Standout Jobs is
based in Montreal, Canada. For more information, visit www.standoutjobs.com.
About iNovia Capital
iNovia Capital manages seed and early stage venture capital funds, with a
focus on helping entrepreneurs and innovators build successful companies in
the sectors of information technology, life sciences and cleantech. iNovia
Capital's value-added approach to early stage investing provides portfolio
companies with capital, unique access to intellectual property from its
partner academic institutions and an extensive network of industry partners,
advisors and sector-specific co-investors. For more information see
For further information:
For further information: Editorial Contact: Zara Myles, iNovia Capital,
(514) 982-2251, firstname.lastname@example.org; Dov Smith, Standout Jobs media
relations, (514) 242-1776, email@example.com