Title: The Launch of thesocialCV.com After 3 years in Development - Product Targeting 300,000 Seat Licenses
London, UK – 21 April 2011: After 3 years in development and 6 months in private beta, thesocialCV.com is live. The product emerged from the R&D of a partner product the company launched with Google and was previewed at a London TechCrunch event. It makes use of sophisticated semantic tools to aggregate data contained within social profiles. The product contains more than 65 million social media profiles and is indexing an additional 400,000 daily.
thesocialCV.com will be sold on a seat-license basis and at launch is partnering with leading global recruitment software providers and staffing firms that can put the product on more than 300,000 seats by year-end. "We've been overwhelmed by the commercial interest in the product," says sales director, Jonathan Cooney. "Our challenge has been identifying the right partners and locking down a commercial strategy." In private beta, the Work Digital Ltd, parent company of thesocialCV, worked with leading edge recruitment companies representing more than 35,000 staff to test the UX, feature sets, and relevancy algorithms. Through tests with global recruitment companies and market specialists like Quest Search & Selection, hundreds of tweaks were made to the product to address the unique challenges of recruitment professionals.
The product will be integrated into the core platforms of global ATS and CRM providers. For leading ATS platforms, the product allows them to offer their clients:
Access to a talent pool of more than 65 million individuals globally. Adding 400 thousand, daily.
Ability to build custom talent pools and get notifications when candidates update profiles
Ability to update/refresh current CV database with realtime data
A 360 view of candidates [to assess engagement and corporate fit] that currently sit in their DB or for prospective candidates
Access to TalentRank and semantic skills extraction CV search capabilities.
The company is a veritable incubator of semantic search products. "It's an interesting technical challenge, and I'm sure we've got a long way to go to get it right," says thesocialCV CEO, Howard Lee. "But when building a talent pool of more than 600 million individuals, we had to take a look at new approaches to building relevancy algorithms and faceted metadata search to meet the demanding needs of recruitment professionals."
About WorkDigital Ltd: thesocialCV.com and TalentRank are products of WorkDigital Ltd, a natural language search technology company that builds enterprise and consumer facing products that power general classified channels and social CRM solutions. WorkDigital clients include Adidas, Lloyds, Ernst & Young, Adecco, KPMG, KFC, and other leading global brands with products that have been featured in the NYTimes, Financial Times, the BBC, WIRED, Guardian, TechCrunch and hundreds of other publications/news outlets.