StepStone acquires semantic job search technology company Jobanova

Posted by on Feb 25, 2011 in Germany, Western Europe, World news releases

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Published February 25, 2011

24.02.11

StepStone acquires technology company Jobanova

StepStone, one of the leading German online job portals and a subsidiary of Axel Springer AG, has acquired 100 percent of the equity in the technology supplier Jobanova GmbH, thereby bolstering its competence in the area of search functions. Jobanova’s semantic search technology increases the relevance of search results substantially and can therefore bring job-seekers and employers together more efficiently. This technology, which will be used by StepStone under the name StepMATCH effective immediately, was developed in cooperation with the Center for Information and Language Processing at LMU University in Munich under the direction of Professor Franz Guenthner.

www.stepstone.de is one of the leading online job exchanges in Germany. In 2010, StepStone was elected “Website of the Year” for the third year in a row.

Press contact: Christian Garrels Tel: +49 30 2591 77651 christian.garrels@axelspringer.de Investor contact: Daniel Fard-Yazdani Tel: +49 30 2591 77425 daniel.fard-yazdani@axelspringer.de

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