While the details on this acquisition is quite sparse at the time of writing this article, the company said that it will leveraging MakeSense’s semantic search capabilities to improve Naukri’s search functionality for both recruiters and job seekers. We have contacted Info Edge on this acquisition and will update the story when we hear from them.
Founded in 2009, Mumbai-based MakeSense had developed a proprietary software for semantic resume search, which claims to deliver better results than a keyword based resume or job search functionality. The company was backed by an angel investor Ravi Jakhar.
Offerings: According to the company website, MakeSense’s resume search software uses Natural Language Processing (NLP) technology to extract relevant information from a resume or a job description and had developed a concept ranking algorithm which analyses this information based on the location of the information in a resume and calculates its importance based on the relational knowledge from a concept library. The company claimed to have a library of more than 1 lakh concepts across skills and expertise, designations, companies and industries.
Besides this, MakeSense had also built an IVR-based recruitment screening technology called Career Opener and offered a data analytics platform which provides analytics on career-based information like salary information, company rankings, university rankings, and geographical distributions among others.
TooStep Acquisition: Last October, Naukri had acquired Toostep Consultancy’s business for Rs 4.125 crore on a slump sale basis. Following this acquisition, Info Edge CEO Hitesh Oberoi had told Medianama that they had acquired TooStep for its recruitment management solutions product. The TooStep team had joined Info Edge and were planning to work on integrating these features into Naukri and building new functionalities for the job portal.
Last month, Naukri had reported a net profit after tax (PAT) of Rs 30.80 crore for the quarter ended December 31st 2012 (Q3-FY13), up 6.76% from Rs 28.58 crore reported for the corresponding quarter last year. The net sales for the company stood at Rs 106.41 crore, up 15.67% from Rs 91.99 crore recorded during the same quarter last year (Q3-FY12).