LinkedIn bought Careerify startup

LinkedIn has acquired Toronto based startup Careerify with the aim of automating the referrals process using big data.

The purchase means that the company will be turning its attention to developing a referral service that will help companies find prospective candidates through its existing employee’s contacts and networks.

In other words, it will use an employees contacts on LinkedIn, Facebook and Twitter to work out who might be suitable for a position in that person’s place of work.

The terms of the acquisition have not been disclosed.

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