Hire.com Arms TL Ventures in the War for Talent; Leading VC Firm Enlists Hire.com's e-Recruiter Service to Staff its Hot Start-Ups

Business Wire, Sept 13, 1999

AUSTIN, Texas--(BUSINESS WIRE)--Sept. 13, 1999--

Hire.com, the leading e-recruiting application service provider, announced today that it has added TL Ventures to its impressive roster of customers, which includes EDS, IBM, Mentor Graphics and Tellabs. TL Ventures, an established institutional venture capital firm, is a frequent stop for candidates who are interested in working for venture-funded start-up companies. Hire.com's e-Recruiter(TM) service will allow TL Ventures to efficiently capture the flow of candidates that search their Web site and instantly match them to opportunities within their portfolio companies. e-Recruiter will deliver interested, qualified and available (IQA) candidates directly to hiring managers at the portfolio companies. The recruiting automation will save TL Ventures and their portfolio companies massive amounts of time previously spent sifting through resumes and screening candidates by phone.

"The people who staff the companies we finance are a crucial asset to their success, and our portfolio companies depend on us for help with recruiting," said Christopher Pacitti, vice president of TL Ventures. "We realized that many candidates who are interested in working at start-ups begin their search at our Web site. With Hire.com's e-Recruiter service, we will now be able to efficiently capture these interested candidates and send them specific information on companies that fit their interests."

Hire.com's e-Recruiter service will automate the entire recruiting process, including marketing job openings, capturing passive job seekers, responding immediately to active job seekers and connecting TL Ventures funded start-ups with IQA applicants - speeding the recruiting process. Through Hire.com's e-Recruiter service, TL Ventures will be able to help its portfolio companies build their talent pools.

"The talent war is especially painful for start-ups who need to grow at a rapid rate," says Hank Stringer, president and founder of Hire.com. "VC's are often a start-up's best recruiting source for top talent. We are thrilled that TL Ventures has chosen Hire.com's e-Recruiter service to help their portfolio companies win the talent war."

About TL Ventures

TL Ventures is an established institutional venture capital firm with approximately $750 million under management. Focused on software, the Internet, information technology services, communications and life sciences, the firm offers unique assistance and responsive involvement to portfolio companies through its nationwide network of investment professionals who have extensive experience as operating and entrepreneurial executives. TL Ventures is located in Philadelphia, Austin, Los Angeles and Phoenix. For more information, visit the company's Web site at the www.tlventures.com.

About Hire.com

Hire.com is the leading e-recruiting application service provider committed to helping organizations effectively automate the recruiting process to win the talent war -- getting the right talent, in the right job, damn fast! By harnessing the power of the Internet to continuously source and develop personal and dynamic relationships with both active and passive candidates, Hire.com turns an organization's Web site into a state-of-the-art, branded, recruiting tool that enables it to build equity in its own private community of talent. Hire.com is the first recruiting approach to break through the growing "resu-mess," and enable organizations to speed hire interested, qualified and available applicants faster than ever.

Formerly called world.hire, Hire.com's customers include Corestaff, Electronic Arts, General Instrument, IBM, MCI WorldCom, Tellabs, U.S. Mint and US WEST. The company is funded by venture capital from Crosspoint Ventures, Kleiner Perkins Caufield & Byers and TL Ventures.

Hire.com was founded by a group of renowned recruiting experts and industry leaders dedicated to revolutionizing the recruiting process. More information on Austin, Texas-based Hire.com is available via the Internet at www.hire.com or by calling 1-800-953-HIRE.

Note to Editors: e-Recruiter and world.hire are registered trademarks of Hire.com. All other trademarks or registered trademarks are properties of their respective companies.