Continuing the trend of major Internet based firms buying out smaller companies, LinkedIn has acquired the search engine start up IndexTank.
IndexTank, a San Francisco based search engine solutions provider had started very recently but their services managed to catch the eyes of LinkedIn. IndexTank provides services like customized search functions for websites or applications which LinkedIn plans to use.
But considering the fact that IndexTank has only 11 full time employees which consists of 9 engineers, industry experts believe that the new move is extremely advantageous for LinkedIn on the HR front.
“LinkedIn is a company with the potential to make the world a better place by creating economic opportunities. Connecting people around the world is a net win, and it creates value that simply did not exist before. I am happy to see this sentiment in the Valley that goes way beyond just not being evil (even at the company that invented that slogan). LinkedIn has some extremely successful leaders who could choose to do anything they wanted. When you see them working hard at bringing career opportunities to the remote corners of the world, you know it’s not just another company trying to sell a random luxury item. All of us at IndexTank were *very* impressed by the clarity and consistency of this vision.”
, a company spokesperson said on the IndexTank Blog.
LinkedIn has always been one of the most preferred platforms for industry professionals to connect with each other. With the new development, many fans will expect to get a more enhanced experience on the popular portal.