Wednesday, July 18, 2012
Chicago company serving diverse professionals buys Careerimp; CivicScience raises $2.86M
Pittsburgh startup Careerimp was purchased by Chicago-based Professional Diversity Network (PDN), a major provider of networking websites and job boards for culturally diverse professionals.
The price was not disclosed.
A CMU spinout, Project Olympus and AlphaLab company, Careerimp developed the successful resume optimization tool, Resunate.com, used by both job seekers and career service providers.
The company’s Pittsburgh office will remain in Startuptown, staffed by four people; two staff members, including CEO Ayan Kishore, have moved to Chicago, reports Mona Abdel-Halim of CareerImp.
Careerimp products will be maintained under its current name and branding. Careerimp is hoping to find a strategic partner to take over the Regional Internship Center (RIC) of Southwestern, Pa., which it currently manages.
“They (PDN) were looking for something that would bolster their job board,” says Abdel-Halim. “They target different demographics and populations. There’s a lot of synergy between our companies.”
PDN’s goal is to impact access and opportunity for diverse professionals as they grow their careers. With more than 1.9 million members, PDN offers a free array of online resources for African Americans, Hispanic Americans, Asian Americans, women, veteran, gay, transgender and differently abled professionals.
“Careerimp is a great example of how students with a great idea can begin to create a successful business while still in school,” said Kit Needham of Project Olympus, CMU. “We are very proud of their success and hope our students follow their example.”
In other startup news, Strip District-based CivicScience has raised $2.86 million from Boston-based New Atlantic Ventures and Atlanta-based Cox Enterprises. The company has also doubled its staff to 12, including one in Detroit, as a result of the funding round.
Article courtesy of Popcity