Japan-based recruitment marketplaces’ operator MyNavi has acquired Face Peer Inc., a video-calling service, to strengthen functional cooperation with it amid coronavirus-driven demand spike in online communication.
Financial terms were not disclosed. The acquisition will further collaboration with FacePeer’s services and sales functions, according to a news release. The company made its first investment in the firm in 2017.
FacePeer, founded in 2015 and based in Tokyo, has $1 million in capital and 29 employees. It runs an online communication tool that connects job seekers and companies for recruitment interviews and facilitates remote sales support. The service has already been used by more than 1,000 companies.
Established in 1973, MyNavi owns and operates a variety of job boards, including Tenshoku.MyNavi.jp, a recruitment marketplace and a part-time job board Baito.MyNavi.jp. As of October last, it had 11,000 employees on payroll.
The takeover decision was driven by a sudden surge in demand for online interviews. Much like other recruitment marketplaces, MyNavi had introduced video interview tool last year to support labor market in the midst of social-distancing orders.
The acquisition came a month after the company acquired an HR tech firm that tracks the programming skills of IT engineers.