Steven McNair, whose resume includes eight years with wantedtech.com working to resdesign their product line and business model and a stint with TMP Worldwide managing $12 million in media sales as a General Manager, said he felt that after meeting with Standout’s CEO Ben Yoskovitz, he knew the timing was right to come on board.

“Now that [wantedtech.com is] an established company on the TSX-venture exchange, I felt that it was time to move on and seek other exciting challenges,” McNair said. “I realized that working in a start-up environment is more rewarding than working for a large multinational; as such, I should of realized that after working at wantedtech.com for 8 years.”

McNair said that he was hired at standoutjobs.com to create and promote the company’s business level strategies, which includes promoting RECEPTION, the company’s new recruiting software solution that was launched in January.

At the heart of RECEPTION is a do-it-yourself interactive career site that leverages social media tools and principles, including video, blogging, and widgets, to showcase a company’s culture and team. RECEPTION also includes candidate relationship management tools enabling HR managers to identify, interact with and track candidates effectively.

“We are looking to establish partnerships with ATS providers, recruitment ad agencies, job boards, and a plethora of other HRBPO firms, who believe that enabling a highly-interactive and cost-effective career site for their clients would provide them with a strategic advantage.”

McNair is not the only executive wantedtech.com has recently lost. On June 13, the company also announced the abrupt exit of CEO Scott Burton.

The company’s 10 offices worldwide will utilize Jobvite’s software to support their external recruitment, applicant tracking, employee referral, and internal mobility with one Saas-based interface.

“At Advent, we’ve built a winning team that values innovation and collaboration. Everyone here has a stake in bringing top talent to Advent,” said John Brennan, Vice President of Human Resources at Advent. “Hiring manager self-service in Jobvite makes our hiring process more efficient, which means we raise our level of execution in competing for top talent. The Jobvite application works for hiring managers because Jobvite is easy to use and fits our business process.”

Jobvite provides Web 2.0 recruitment solutions for a company’s entire recruiting cycle from job posting to hire. Hiring managers are able to sign in to Jobvite and view the status of requisitions and interviews, allowing them to participate on a closer scale with the company’s staffing team.

“Companies who involve their employees effectively in hiring have a strategic advantage in the war for talent,” said Jesper Schultz, Chief Executive Officer of Jobvite. “The social recruitment approach that Jobvite brings to recruiting leverages the collaborative culture at Advent. We are very pleased to support the continued growth of Advent, a leader in investment management software for 25 years.”

Other clients of Jobvite include TiVo, Infinera, and nGenera.

The investment comes after Bullhorn achieved a 400 percent revenue growth rate during the past 3-year period. Bullhorn CEO and co-founder Art Papas discussed why the achievement was so important for Bullhorn, especially in their market space.

“With regards to the funding, I think it might be a record for the staffing and recruiting space,” Papas said. “I don’t know of any other company in our space that’s created this much capital, even inflation-adjusted, so it should have a real impact.

“Most of the capital investment will go towards developing and enhancing products and taking the products internationally, which will require new salespeople. Bullhorn will be recruiting very aggressively over the next 18 months, so the bulk of money will go towards people.”

Bullhorn began over 9 years ago during the dot-com era as an investment for venture capitalists. After a few shaky years, the company gained its footing in the marketplace and began to pick up steam mainly through referral-based business.

Papas said that a large part of their continued success can be attributed to a forum for their clients called Bullhorn Brainstorm, where users can make enhancement suggestions about the product which are then evaluated and voted on by other Bullhorn clients. Suggestions that receive the most votes are passed to a product manager for evaluation, enabling Bullhorn to quickly improve upon functionality and also remain in constant communication with users.

When asked if Bullhorn’s competition is also tapping into Web 2.0 capabilities, Papas said he was fairly certain that competitors are not utilizing new tools.

“I don’t think our competition knows what the Internet is yet,” Papas said. “They think it’s for buying books and selling your used stuff.”

In addition to bringing on new staff, Papas said Bullhorn will also be aggressively broadening their client base within the global market. Current targets are Australia and the United Kingdom, whose companies rarely employ in-house recruiters and typically rely on staffing agencies to fill vacancies.

“Much to the chagrin of our competitors, we will also be doubling our marketing budget to gain a larger footprint overseas, Papas said. “We have a goal of being the go-to recruiting software for search firms all over the world.”