Our Dot-com Beginnings
Many members of Avature’s senior management team previously worked together at HotJobs.com, the company that Dimitri Boylan co-founded in 1997 and served as COO and later CEO, taking the company public on the NASDAQ in August 1999. In February of 2002, when Yahoo! purchased HotJobs.com in an unsolicited bid for $433MM, it was the 49th most visited website on the Internet, had over 6,000 customers and was ranked #14 in the Bloomberg Tech 100.
The HotJobs.com story was one of early Web 1.0 innovation, rapid sales growth, aggressive brand building, including four Super Bowl commercials and strong customer support. In addition to becoming the most visited online recruiting system in the United States, HotJobs.com introduced the world to the first fully web-based enterprise recruiting system in 1997 (later referred to as SaaS) and acquired and restructured the largest client-server ATS software company in the world in 2000.
Our Enterprise Software Journey
In 2004, Dimitri brought together some of his former colleagues from Hotjobs.com & Yahoo and began the Avature story.
Convinced that leading recruiting software companies were not helping their customers leverage technology to gain a competitive advantage, we set out to define the next generation of software based on Web 2.0 and the changing role of the Internet in people’s lives.
The result was the development of a powerful federated search technology called WebSources, which quickly became popular with a new breed of recruiting professional – the sourcing specialist.
Next, we turned our attention to candidate engagement.
Recognizing that leading CRM products were unsuitable for modern recruiting, we designed branded email marketing features for passive candidate engagement, developed advanced segmentation based on candidate pipeline progress and talent pool attributes, and pioneered personalized multi-channel communication.
Along the way, we realized that we could get hiring managers to participate in recruiting if we gave them a modern web portal with real-time information on recruiting projects. As it turned out, this added transparency and helped hiring managers gain new respect for the efforts that went into building good talent pipelines and recruiting passive candidates.
Finally, realizing that every company has a different way to go to market and attract and retain great talent, we delivered a flexible data model and configurable workflow engine to support the creation of referral management, agency management, internal mobility and fully bespoke recruiting solutions for any region of the world.
Building for the Future
Today, Avature continues to find new ways to deliver innovative software so that our customers can continue to define pioneering business practices and gain competitive advantage. Our “Internet company” software development lifecycle – based on agile design, micro-scoping and high frequency/low-risk releases – allows us to respond quickly to our customer’s needs, and our machine learning research and development empowers HR professionals to lead their companies into the future with reliable and ethical AI.
Our customers, from the early adopters of our CRM for recruiting to the talent leaders who are radically repositioning HR for the future with innovative new solutions of their own design, continue to shape the Avature platform in partnership with us. Their innovative approaches to complex HR challenges set the standard for digital transformations company-wide and push us to deliver the best technology can offer.
Our multi-solution platform model, with its configurable workflow, data model, portals and easy integration toolset, has quickly become the platform of choice for talent acquisition and talent management, but our goal is to go beyond this and be the partner of choice for organizations that are undergoing digital transformation.
Together with our customers, we like to think the best is yet to come.