Beyond.com, Inc.
Headquartered in King of Prussia, PA, Beyond.com is the premier Career Network, and a major player in a $12 billion online job recruitment market. Beyond.com has created a system that enables employers to recruit people with the skills they want, through a powerful, personalized experience that connects with the career-minded individual. As the largest network of niche career communities, 70 unique career channels and 3,000 industry and regional communities, Beyond.com serves as a catalyst making it possible for millions of people to prosper, advance and improve their lives. Whether it’s a surgical nurse in Chicago, an entry level apps developer in Seattle, or a financial controller in Philadelphia, Beyond.com helps pinpoint the most relevant opportunities based on location, industry and expertise. www.beyond.com
Why Beyond.com? — Approximately 90% of job seekers search locally. Beyond.com capitalizes on this trend, monetizing its network of local and niche career websites via job postings, career services, lead generation and online advertising. As the online jobs-search market consolidates, Beyond.com is exploring growth opportunities through acquisition.
Market Opportunity — In 2006, employers spent more than $5.9B on online job recruitment. That number is expected to reach $12B in 2012. Much of the online growth is expected to come from small and medium-sized businesses, posting local ads for jobs, a trend that favors Beyond.com’s business model.
Awards — Inc. 5000 (2007, 2008), Deloitte Technology Fast 50 (2007, 2008), Deloitte’s Greater Philadelphia Technology Fast 50 (#1 in 2007), Philadelphia 100® (2008) and “Best Places to Work in Philadelphia” by Philadelphia Magazine (2007). Beyond.com’s Founder and CEO, Richard P. Milgram, was also an E&Y Regional Entrepreneur of the Year® Finalist (2007, 2008) and Eastern Technology Council’s “Technology CEO of the Year” Finalist (2007, 2008).
Safeguard Board Member — Erik B. Rasmussen
Financial Summary — Safeguard has deployed $13.5 million of capital in Beyond.com and has a 38% primary ownership position.
Initial Capital Deployment — March 2007
Sector — Technology, Internet/New Media
