Hire.com Buys Out California-Based On-line Recruiting Service

AUSTIN-Hire.com, an locally based recruiting service, is acquiring San Diego-based Advanced Recruiting Technologies Inc., with plans to integrate its technology to expedite the time-consuming process of digital searches for qualified candidates.

Hire.com counts among its clients KPMG Consulting, Sprint, Eli Lily and Co., IBM, Morgan Stanley Dean Witter, GT Interactive, AT&T, SBC, Motorola’s Broadband Communication Sector, EDS, MCI WorldCom and Ingersoll-Rand. Hire.com powers the career Web sites for more than 150 corporate customers. The e-recruiter’s investors include Austin Ventures, Crosspoint Ventures, Kleiner Perkins Caufield & Byers and TL Ventures while corporate investors include the Hearst Corp., Pulitzer Inc., Essex Investment Co. LLC and Dell Computer Corp.

In conjunction with the acquisition, Hire.com will be marketing TalentProfiles. “The ART technology strengthens Hire.com’s market leading position as the gatekeeper between the corporate recruiters and the Internet by augmenting Hire.com’s solution with an automated talent sourcing solution that will substantially increase a corporation’s ability to build private talent pools for continual sourcing and speed hiring,” says Jim Hammock, chairman and CEO of Hire.com.

All of the existing ART employees, including a world class development team and Terrance Baker, founder, president and CEO of ART, are being absorbed by Hire.com. ART will maintain its California office.