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Semantic Recruitment Technology to power the European job market Textkernel

Semantic Recruitment Technology to power the European job market Textkernel. Jakub Zavrel, Founder & CEO. Textkernel : Spinoff from R&D in machine learning and language technology Founded 2001, offices in Amsterdam (HQ), Frankfurt, Paris, 40 employees; strong R&D focus

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Semantic Recruitment Technology to power the European job market Textkernel

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  1. Semantic Recruitment Technology to power the European job marketTextkernel JakubZavrel, Founder & CEO

  2. Textkernel: • Spinoff from R&D in machine learning and language technology • Founded 2001, offices in Amsterdam (HQ), Frankfurt, Paris, 40 employees; strong R&D focus • Management owned: JakubZavrel (CEO), Gerard Mulder (CCO), RemkoBonnema (CTO), JoostVerschoor (COO). • Deloitte Fast 50 2007, 2010. 2013 target >4M€ revenue. • Core technology advantage: Understanding unstructured text data. • Global competitive advantage: multi-lingual Market: • Job boards, Recruitment Software, Staffing and recruitment, Mobility, LargeEmployers • Recurring (SaaS + on premise) license income: • Multi-lingual tools (15 languages) to extract CVs and jobs • Jobfeed: largest real time DB for job marketanalysis (NL, DE, FR, IT) • Search! & Match! to connect people and jobs (EN, FR, DE, NL) • Customers: UWV,PoleEmploi, CBS, Adecco, Randstad, Monster, Stepstone, Axa, Philips, Robert Bosch etc. (350 direct, 2000+ indirect), • Large partner network (HR & recruitment software) 50% of sales

  3. LessonsLearnedfrom Textkernel • Multi-lingual product developmentcosts • Start a new product with1 xinnovationcost,add20+ xlanguagecost • Machine Learning is a greattechnology basis • Re-use of general resources forspecificapplications is limited • Basiclanguage resources noteasilyavailableforstartups. -norecognitionby R&D taxincentives, hard to financefromcustomers, banks, and investors - forSME’s in Europe ahugebarrierto fastroll out • Skillsshortage • Western/NorthernEurope • Engineering, Computer Science, Software developers, Language Technology: - Investmassively in TechnicalEducation + R&D! - More encouragement of labormobility (internal and external to EU)

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