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Executive Recruiters Look to Eliyon to Uncover Professional Candidates Faster and Less Expensively

Management Consultants and TechFind Are Latest Recruitment Firms To Access Largest Source Of Data On People In Business

May 15, 2003 - CAMBRIDGE, Mass. - Eliyon Technologies has announced two more national recruitment firms have signed-on to its award-winning service. The subscriber database provides access to the most comprehensive source of information on business professionals in the Northern Hemisphere. Eliyon offers faster speed and greater cost-effectiveness than traditional online methods used to identify candidates and companies for purposes such as recruitment, sales lead generation, competitive research and more.

The recruitment firms joining the Eliyon roster include:

The additions mark the continued rapid success of Eliyon in the recruitment industry. Having just closed its first year of active sales, the company already has attracted hundreds of customers ranging from specialized recruitment firms to large enterprise customers including nearly 30 Fortune 500 businesses. Eliyon's technology has also received critical acclaim, most recently winning one of the industry's most sought after awards for innovative human resources technology.

Eliyon continually scans millions of Web sites, press releases, electronic news services, SEC filings and other online sources. Using advanced natural language processing, it automatically extracts biographical and other data, which is reassembled into searchable profiles of professionals and companies. Its database holds nearly 15 million profiles and grows by 450,000 entries each month. Profiles are automatically updated with new data and additional ones are created as other individuals are found. Users search Eliyon via diverse criteria such as job title, education, company size, nature and location. Specific companies can also be searched to find candidates working for competitors.

Eliyon counts many industry leaders as customers including some who also use resume databases from Monster, HotJobs, CareerBuilder and others. However, these mainly contain candidates actively seeking entry-to-mid-level positions. Eliyon provides coverage of mid-to-executive-level candidates not likely to post resumes. According to industry statistics, only 14 percent of professionals actively search for a new job at any moment. Eliyon accesses the larger field of passive candidates; the 86 percent of higher-level executives not actively searching for new positions.

"The industry has realized there is now a faster, more cost effective way to find the best talent," said Jonathan Stern, Eliyon president and CEO. "This is the future of recruitment and it is a tremendous validation to see Eliyon being so widely and rapidly embraced."

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