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Fox Interactive Invests in Jobs Search Engine
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Mountain View, California - (Website Hosting Directory) - April 19, 2006 - Fox Interactive Media and venture capital firm, Foundation Capital, has invested $13.5 million in job search engine, Simply Hired.
Simply Hired searches thousands of sources, including large and small job boards, newspaper and classified listings, and company websites.
Ross Levinsohn, President of Fox Interactive Media commented, ''Fox Interactive Media's growth strategy is to strategically partner or acquire category leaders and technology innovators that broaden or enrich our users' experience. Our investment in Simply Hired underscores that approach and we look forward to working with them to power job search for a variety of properties on our network.''
The financing brings the company's total funding to $17.7 million. Representatives from both Foundation Capital and Fox Interactive Media will join the company's Board of Directors.
Joining Fox Interactive Media in this investment is Foundation Capital, which has been behind numerous successful Internet ventures, including Netflix and Netzero. Paul Holland, General Partner at Foundation Capital added, ''As the general search space has matured, we see vertical search as the next big opportunity. The entrepreneurs behind Simply Hired have demonstrated their ability to build a successful Internet business. They're clearly on the right track with this venture as well. Both Foundation Capital and Fox Interactive Media have recognized an opportunity to create a significant business here.''
Gautam Godhwani, CEO of Simply Hired commented, ''Simply Hired has created the most simple, effective job search experience on the planet. Fox Interactive Media are focused on developing an Internet presence that offers a deeper, richer online experience for its millions of passionate users. With the operational expertise of the team at Foundation Capital and the global presence of News Corporation, we will create a world class job search experience for a large audience.''
Founded in 1995, Foundation Capital is a venture capital firm targeting innovative opportunities in telecommunications and networking; Internet infrastructure; and enterprise software and on demand services. Foundation Capital funds total more than $1.6 billion.
To learn more about Foundation Capital, please visit: www.foundationcapital.com.
For more information about Simply Hired, please visit: www.simplyhired.com.
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