Jobfox is Named a Red Herring 100 Award Finalist

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<strong>McLean, Va. &mdash; April 14</strong><br />Jobfox, one of the fastest-growing career-connection sites on the Internet, is a finalist for the Red Herring 100 Award, honoring the most innovative private technology companies based in North America.<br /><br />Jobfox is one of 200 companies identified by Red Herring as a top tech start-up. The Red Herring editorial board evaluated more than 800 companies to choose the top businesses, such as Jobfox, that are leading the next wave of innovation.<br /><br />"Market enthusiasm continues to grow for Jobfox and its unique set of online services that empowers working professionals and connects them intuitively &mdash; based on the specific matching algorithms of skills and job requirements &mdash; to employers," said Jobfox CEO Rob McGovern. "Employers are saving recruiting time and costs by turning to Jobfox, and they are gaining access to hard-to-find employed candidates who don&#39;t use traditional job boards."<br /><br />The 100 finalists will be announced at the Red Herring North America event, May 12-14, at The Fairmont San Jose. The event attracts leading entrepreneurs, financiers and corporate strategists.<br /><br />"We can see the exciting evolution of the technology sector reflected in the quality and variety of exceptional companies that we had to choose from in putting our list together," said Joel Dreyfuss, editor-in-chief of Red Herring. "It was tough to choose just 200 finalists from such a large list of excellent contenders, and we are very happy with the quality of the companies we selected as finalists."<br /><br />Earlier this year, Jobfox was recognized as an Official Honoree for the 12th Annual Webby Awards. Jobfox was also named a 2008 most promising start-up by <em>American Venture Magazine</em>. In December, Jobfox raised $20 million in its third round of financing. To date, Jobfox has raised $40 million in venture-capital funding for global market expansion and continued development of services to help job seekers and professionals connect with each other.<br />

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