UBM Acquires Virtual Career Fair Provider

On behalf of UBM Studios, United Business Media Limited has added Astound, which holds career fairs for US military veterans and university graduates online, for an initial cash payment of $120,000 and further performance related consideration of up to $3m payable over the next three years.

Astound’s key virtual career fair products are Milicruit and Unicruit. Milicruit allows US veterans and other personnel leaving the armed services to meet potential employers in an interactive 3D virtual setting. Milicruit’s career fairs provide virtual booths, job postings, company videos, company presentations, live chat with company representatives, video interviewing and resume and interview assistance. Unicruit.com partners with universities and corporations to create a digital environment in which students can meet multiple employers without having to leave the university campus.

The acquisition of Astound will help UBM Studios to build on its existing virtual careers fair capabilities and help recruiting organizations and their potential candidates to cooperate online, overcoming the obstacles of geographical location, time zones, and travel costs, to deliver a cost-effective and quick recruitment process. By adding Astound to its portfolio of virtual business solutions, UBM Studios adds Fortune 500 clients including GE, Raytheon, CSX, Walgreens, Stryker, Verizon, Booz Allen, Amazon, Target, 3M, Accenture and FedEx to its roster.