Monster Worldwide Inc.
) continues to improve its semantic search technology, thereby
enabling recruiters to staff projects and quickly fill vacancies
with quality candidates in a much swifter process.
Monster is continually improving its search related products to
help recruiters do more with fewer resources in a recessionary
Monster Worldwide is an online recruitment firm of the parent
company Monster.com, the leading career website in the world.
Monster's patented 6Sense semantic search and matching
technology act as a backbone for most of the products, which in
turn, facilitates both the job seekers and employers.
Monster acquired Trovix Inc. in 2008 and this new technology is
based on the technology from Trovix. Trovix provides career-related
products and services that use advanced search technology, which
focuses on key attributes such as skills, work history and
Monster's proprietary semantic resume search product, Monster
Power Resume Search (PRS) is available to customers in North
America since late 2009. The company recently launched this product
in the United Kingdom, France and Germany and plans to roll out the
same in Netherlands and China in the future.
The 6Sense technology basically transforms traditional
keyword-based processes and aids customers by matching candidates
to their required job specifications.
Moreover, Monster introduced its cloud based search product
SeeMore in the third quarter of 2011, which enables the customers
to utilize the company's 6Sense technology on their own talent
A lot of recruiting agencies are adopting this cloud based
technology to work in a more efficient manner. SeeMore enables
companies to search for their required talent pools in one place
while quickly identifying and ranking the best potential candidates
by reading the resumes with a recruiter- like understanding of
skills and qualifications.
Business had been in doldrums for Monster for quite some time
now and the company is focussing on rolling out new products and
technologies to combat the significant decline in its top line.
We continue to maintain a Neutral recommendation on Monster. Our
recommendation is supported by Zacks Rank #3, which translates into
a short-term rating of Hold.
MONSTER WWD INC (MWW): Free Stock Analysis
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