Our History

Many of our senior management worked together in a previous endeavor – HotJobs.com. Dimitri Boylan, the founder of Avature, was the co-founder and CEO of HotJobs.com until it was sold to Yahoo! in 2002. (Press Release) Some of our team remained at Yahoo! for several more years before rejoining Boylan.

The HotJobs story was one of early web innovation, strong sales growth, aggressive brand building and strong customer support. Our brand grew rapidly with the help of 4 Superbowl commercials and at the time of sale HotJobs.com was the 49th most trafficked internet site in the world and supported a user base of millions. The HotJobs enterprise software business supported over 200 Fortune 500 companies. The company had 700 employees, 10 offices in the US and operated in 4 countries, US, Canada, UK and Australia.

HotJobs grew from 3.4MM in revenue in ’97 to 117MM in revenue in ’01 and raised 168MM in private and public investment. HotJobs NASDAQ market cap increased 300% in 2001, while the market index declined over 30%. At the time of sale it was profitable and cash flow positive. The company was sold for 433MM.