Eliyon and Monster Form Relationship to Provide Enhanced Candidate Resource for Recruiters
Solution To Offer Customers Single Source For Accessing Leading Active And Passive Candidate Databases
Feb. 10, 2003 - Cambridge, Mass. and MAYNARD, Mass. -- Eliyon Technologies today announced a strategic alliance with Monster, the leading global online careers property and flagship brand of TMP Worldwide (NASDAQ: TMPW), to package together their industry-leading recruiting databases for recruiters. Under the agreement, Monster will resell access to Eliyon's service, providing access to a comprehensive database of information on people in business in addition to Monster's database of qualified job seekers. The joint service will give recruiters the tools needed to find the most qualified prospective candidates at all levels, entry-level to executive, across all industries.
"This is a powerful combination: the leading careers site aligned with the leading database of people in business," said David Lord, an advisor to Fortune 500 companies on executive recruiting strategies (www.davidlord.com). "Monster offers a broad scope of job-seekers at all levels. Eliyon has everyone who's not looking for a job, but who is visible on the Internet, which takes in millions of senior executives. The alliance gives employers a comprehensive combined resource for identifying and recruiting top talent."
Eliyon has created the most comprehensive database of information on people in business. Fortune 1000 companies including Microsoft, AOL Time Warner, IBM and Staples use it for recruiting, sales prospecting, competitive research and more. Eliyon gathers and 'reads' press releases, newspapers, and company Web sites, automatically creating profiles of executives from small-to-large companies. The database holds more than 12 million profiles, with 15,000 new entries added daily. Eliyon users quickly identify candidates meeting their needs through diverse search criteria including title, company/description, education and location.
"Eliyon does a recruiter's data collection grunt work by fabricating a 'Rolodex' from the Web," said Guy Creese, Research Director at Aberdeen Group. "The end result? Recruiters spend less time gathering names and more time vetting candidates. Because the Monster/Eliyon solution delivers an updated version of two time-tested recruiting tools - paper resumes and a physical Rolodex - it is an excellent example of how new technologies are delivering real business value while building on proven practices."
Initially, Monster will be the exclusive reseller of Eliyon in the online recruitment market. Eliyon will continue its direct sales efforts and provide training and support to all customers. The result is a seamless and comprehensive service targeted at an e-Recruiting market that Aberdeen Group estimates will grow to more than $4 billion in 2003.
"Monster has the industry-leading active candidate database, with tremendous reach in the world of recruitment," said Jonathan Stern, president and CEO of Eliyon. "Joining forces with Monster allows us to accelerate our penetration into staffing firms and mid-level companies."
"Eliyon's product gives recruiters another research tool to source and locate potential job candidates," said Steve Pogorzelski, president of Monster, North America. "The Eliyon database complements Monster's database of career-focused job seekers to provide recruiters and search firms with a full range of recruitment leads and prospective employees quickly and cost-effectively."
Monster, headquartered in Maynard, Mass., is the leading global careers Web site, recording over 38.7 million unique visits during the month of December 2002 according to independent research conducted by I/PRO. Monster connects the most progressive companies with the most qualified career-minded individuals, offering innovative technology and superior services that give them more control over the recruiting process. The Monster global network consists of local content and language sites in the United States, United Kingdom, Australia, Canada, the Netherlands, Belgium, New Zealand, Singapore, Hong Kong, France, Scotland, Germany, Ireland, Spain, Luxembourg, India, Italy, Sweden, Norway, Denmark, Switzerland, and Finland. Monster is the official online career management services sponsor of the 2002 Olympic Winter Games and 2002 and 2004 U.S. Olympic Teams. More information about Monster is available at www.monster.com or by calling 1-800-MONSTER.
About TMP Worldwide
Founded in 1967, TMP Worldwide Inc., with more than 8,500 employees in 33 countries, is the online recruitment leader, the world's largest Recruitment Advertising agency network, and one of the world's largest Executive Search and Executive Selection agencies. TMP Worldwide, headquartered in New York, is also the world's largest Yellow Pages advertising agency and a provider of direct marketing services. The company's clients include more than 90 of the Fortune 100 and more than 490 of the Fortune 500 companies. TMP Worldwide is a member of the S&P 500 Index. More information about TMP Worldwide is available at www.tmp.com.
Special Note: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties, including statements regarding the company's strategic direction, prospects and future results. Certain factors, including factors outside of our control, may cause actual results to differ materially from those contained in the forward- looking statements, including economic and other conditions in the markets in which we operate, risks associated with acquisitions, competition, seasonality and the other risks discussed in our Form 10-K and our other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.
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