Jobster Rings Up Investment Cash

July 19, 2006

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A total of $18 million traveled into job search website Jobster, with half of the cash coming from Reed Elsevier, the publisher that owns LexisNexis and Hollywood trade paper Variety. The other half of Classified Intelligence reported in a client email today. Jobster has been careful with its cash, CI writer John Zappe noted in the report. A previous funding round of $19.5 million has mostly stayed in the bank, according to Jobster CEO Jason Goldberg. They have spent some of their cash, though. Jobster bought Reed Elsevier gets a boost to its recruitment efforts, Zappe wrote, while Jobster becomes the job search technology of choice throughout Reed Elsevier's international network of websites. Tag: Add to Del.icio.us | Digg | Yahoo! My Web | Furl Bookmark Murdok: David Utter is a staff writer for Murdok covering technology and business.

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