Tech giant Yahoo has bought technical recruiting firm Distill based in San Francisco, TechCrunch reported citing a company memo on the startup's website. Financial terms of the acquisition were not disclosed. Before the acquisition, Distill had secured funding amounting to $1.3 million from investors which included Felicis Ventures, China's Innovation Works and DN Capital.
The first part of the memo read, "We are excited to share the news that the Distill team is off to start a new adventure! We are joining Yahoo. Prior to creating Distill, we were part of the original team behind the creation of Tapjoy, a mobile performance-based advertising platform that drove deep engagement and monetization opportunities for mobile app publishers. We'll be drawing upon our expertise from the Tapjoy days to help build out Yahoo's mobile advertising solutions."
CrunchBase information revealed that Distill intended to remove the pain out of the hiring and recruiting process by coming up with hiring tools that make the most of the interview process. They have developed data-driven products that suit all the parties in the headhunting process, from recruiters to hiring managers to interviewers and candidates.
TechCrunch reported that Distill's founders Deng-Kai Chen and Ken MacInnis previously worked at Tapjoy, StumbleUpon and Google. They formed Distill because they had previously formed engineering teams and understood the difficulties that come with running and scheduling technical interviews.
Distill's product basically put together the basic features that come with a video chat service, a text editor and a space to upload files. This enables the person doing the interview to guide a potential candidate in a two-way coding session.
Distill said in its memo that they have halted the development of Distill Schedule and Distill Interview. However, interviews can still be scheduled until the end of this month, with the Distill platform still available until March 30, 2014.
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