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Mingle LLC Acquires Exclusive Social Network Provider Affinity Circles to Expand Qualified Audience by MillionsAcquisition Gives Career Management Site Climber.com Extended Reach for Matching Recruiters With Top-Earning Professionals (December 07, 2011)
SAN DIEGO, CA -- (Marketwire) -- 12/07/11 -- Mingle LLC, a career-focused software and services company and parent company of Climber.com, today announces the acquisition of Affinity Circles, an affinity group-focused recruiting network based in Sunnyvale, Calif. Climber.com provides professionals hands-on, proactive career management and access to hundreds of thousands of recruiters. The acquisition represents a key step in growth strategy for the coming year, as Mingle LLC will focus on adding additional colleges and organizations to its platform. The transaction was completed on November 18, and is a merger deal with Climber.com buying shares of existing shareholders. Affinity Circles will be a wholly owned subsidiary of Mingle LLC.
The acquisition gives the Climber.com network of recruiters and companies access to millions of job seekers, and for alumni and social organizations more robust software to engage their members, and access to tens of thousands of job opportunities from top-tier companies. The acquisition of Affinity Circles further extends Climber.com's reach to six million highly qualified professionals that it matches with its network of more than 400,000 recruiters looking to fill elite job opportunities across the country.
"Adding Affinity Circles to the Climber.com network allows us to reach millions of talented professionals looking for career opportunities in the high-paying category," said Michael C. O'Brien, CEO of Mingle LLC. "Our recruiters and clients will now be able to target potential hires by campus, location, specialty and other affinity groups to reach a highly desirable group of job seekers."
Affinity Circles began in 2002 as a way for Stanford University students to stay in touch with their friends and colleagues. What quickly developed was the Web's first private and completely secure online social network. Today, Affinity Circles remains committed to creating trusted social networks, and to attracting top visionary talent. Such talent has helped it achieve the continued rapid growth of its customer base and the introduction of numerous groundbreaking features and services.
The acquisition also gives Affinity Circles an expanded targeted marketplace for its successful technology. Climber.com will continue to market the Affinity Circles brand while pushing forward with Climber.com, providing recruiters access to a highly targeted set of passive and active candidates, and giving job seekers the tools needed to land the perfect job.
About Affinity Circles
Affinity Circles, previously known as Affinity Engines, is a provider of trusted social networks for membership organizations. More than 80 organizations, including alumni and student groups, professional trade associations and sports teams, have selected the company's hosted social networking platform to enable their members to build and maintain personal and professional connections in dynamic, trusted online communities. For more information, visit www.affinitycircles.com.
Founded in 2005, San Diego-based Climber.com connects a network of 400,000 recruiters with millions of highly qualified professionals for elite career opportunities. Through a suite of targeted and personalized tools, such as promotional tools, job syndication and resume analysis, Climber.com is focused on matching professional talent with the recruiter searching for them.
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