JoBookIt Holdings Signed An MOU For A Strategic Partnership With Redmatch

JoBookIt will grant Redmatch a special license to use its groundbreaking technology, helping its million users find employment. As a result, revenues in the millions of shekels are predicted for the coming year.

Online PR News – 14-August-2012 – Tel Aviv, Israel – Through the partnership with Jobookit, Redmatch will use the biggest semantic engine in the world, developed by JoBookIT in all of Redmatch's products. Redmatch will be able to offer its customers additional and complimentary first-rate technological solutions that were not available in the field of HR until today. JoBookIt will also decode and sort resumes of millions of potential applicants for placement in the work force.

JoBookIt will allow Redmatch to make use of the company’s application-program interface to provide business and strategic partners with a simple interface to JoBookIt’s technologies.

According to the MOU, Redmatch will pay JoBookIt US $200,000 in the coming year. Additionally, Redmatch will transfer its exclusively-owned database containing millions of users and job-seekers to JoBookIt, to help them find the most suitable jobs. In consideration for the use of Redmatch’s database by JoBookIt, Redmatch will split the revenues from the joint operations. As a result of the strategic partnership, JoBookIt estimates potential income of millions of shekels in the coming year.

Arik Filstein, Serial entrepreneur and Jobookit's CEO, said “this is a significant day in the field of human resources, both in the local and international spheres. The unique combination of a semantic search engine, ground-breaking technology and high decoding rates with the field of human resources is a combination that has not yet been seen in the HR sphere. JoBookIt brings innovation to the field, and we will see the reception of these strengths by leading players in Israel and around the world. The company launched its search engine in South America, receiving immense popularity and registering hundreds of thousands of visitors and users. The company will have a big job in serving an additional 11 million job-seekers, and provide them with a unique internet experience that will make the process more precise and more efficient.

Daniel Avidor, president and CEO of Redmatch, notes that “Redmatch has made it its mission to provide its customers with the most advanced solutions available in the field of human resources. By implementing the unique technology and semantic search engine of JoBookIt in the company’s products, we will continue providing our customers in Israel and around the world with the most advanced solution for recruiting employees for organizations. I am convinced that together with Redmatch, Arik is the right person to lead a global revolution in the field of HR”.

About JoBookIt:
JoBookIt was formed by serial entrepreneur Arik Filstein. JoBookIt deals with the development of unique technologies and groundbreaking products in the field of locating, recruiting, and managing human resources using the internet and social network integration.