TechAmerica Taps the Power of Monster's Semantic 6Sense Search Technology to Accelerate Hiring in the Technology Sector

MAYNARD, Mass. & WASHINGTON, Jun 17, 2010 (BUSINESS WIRE) --Monster.com(R), the leading job matching engine and flagship brand of Monster Worldwide, Inc. (NYSE: MWW), and TechAmerica, the leading voice and resource for the U.S. technology industry, have signed an exclusive agreement to offer efficiency and cost savings in the recruitment process for TechAmerica's 1,200 members. TechAmerica members will now be able to utilize Monster's Power Resume Search powered Semantic 6Sense Search technology to bring efficiency and speed to the critical task of hiring technology professionals at a time when the IT industry is showing signs of recovery.

According to TechAmerica Foundation's report, Cyberstates 2010, the high-tech industry weathered the economic downturn better in 2009 than the economy at large and was showing some signs of recovery as early as the fourth quarter of last year. By working directly with TechAmerica, Monster.com's reach into this important customer segment is greatly enhanced and allows both Monster and TechAmerica to more effectively promote technology jobs as they are being created, as well as find candidates with the right skills that match those opportunities.

"Monster is constantly innovating and that includes how we serve our customers," said Mark Steele, Vice President of Strategic Partnerships at Monster.com. "TechAmerica represents just the first of many new go-to-market partners we are working with to broaden our reach and make it easier for customers in specific segments, especially SMB, find the right recruiting solutions at the right price. TechAmerica's size let's their members take advantage of this relationship to obtain unique pricing that will help them save time and money."

"With the recovery building steam, finding top talent is critical to our members and Monster gives them the edge," said TechAmerica President and CEO Phil Bond. "With Monster our members can post openings in minutes and start finding the top candidates right away. Matching the most qualified candidates is made easy with Monster's innovative PowerResume Search product and their 6Sense search technology will help our members compare, rank, and sort resumes. This partnership means more time and money for TechAmerica member executives."

Hiring is fundamental to fueling the emerging US technology economy. Search technology will play a significant role in helping businesses mitigate the burdensome costs and resources associated with bringing on the people they need. Developed through Monster's 2008 acquisition of search leader Trovix Inc., Monster's 6Sense patented semantic search technology utilizes intuitive, concept based searching, with a human-like understanding of the recruiting process and hiring needs. The 6Sense precision matching technology understands job titles, skills, experience level, industries, education and the hierarchy of concepts, evaluating thousands of resumes in a matter of seconds.

While traditional keyword search engines are limited in their ability to distinguish concepts and meanings of words and cannot address things like recent vs. dated experience, the intelligence of the 6Sense technology contextually interprets the meaning behind words and concepts rather than relying on the narrow, literal meaning of keywords.

To obtain more information, TechAmerica members are encouraged to talk to their TechAmerica representative and visit the website.

About Monster Worldwide

Monster Worldwide, Inc. (NYSE: MWW), parent company of Monster, the premier global online employment solution for more than a decade, strives to inspire people to improve their lives. With a local presence in key markets in North America, Europe, and Asia, Monster works for everyone by connecting employers with quality job seekers at all levels and by providing personalized career advice to consumers globally. Through online media sites and services, Monster delivers vast, highly targeted audiences to advertisers. Monster Worldwide is a member of the S&P 500 index. To learn more about Monster's industry-leading products and services, visit www.monster.com. More information about Monster Worldwide is available at http://www.about-monster.com.

About TechAmerica

TechAmerica is the leading voice for the U.S. technology industry - the driving force behind productivity growth and jobs creation in the United States and the foundation of the global innovation economy. Representing approximately 1,200 member companies of all sizes from the public and commercial sectors of the economy, it is the industry's largest advocacy organization and is dedicated to helping members' top and bottom lines. TechAmerica is also the technology industry's only grassroots-to-global advocacy network, with offices in state capitals around the United States, Washington, D.C., Europe (Brussels) and Asia (Beijing).It was formed by the merger of AeA (formerly the American Electronics Association), the Cyber Security Industry Alliance (CSIA), the Information Technology Association of America (ITAA) and the Government Electronics & Information Technology Association (GEIA). Learn more about TechAmerica at www.techamerica.org.

SOURCE: Monster Worldwide, Inc. 

Monster Worldwide
Matthew Henson, 978-823-2627
Matthew.Henson@monster.com
or
TechAmerica
Charlie Greenwald, 202-682-4443
charlie.greenwald@techamerica.org