San Francisco — Jobvite, prominent leader in offering next-generation recruitment solutions, today announced the appointment of Adam Hyder, Yahoo’s Senior Director of Engineering for its Advertising Management Platform (AMP), as Chief Technology Officer (CTO).
Hyder joins Jobvite directly from Yahoo!, Hyder’s LinkedIn profile describes that he was most recently in charge of Yahoo’s Advertising Management Platform (AMP), Yahoo!’s multi-billion dollar online adverting program. Prior to that, Hyder was CTO and Director of Engineering for Yahoo! HotJobs where he delivered innovative products that contributed to 100 percent revenue growth during his three years in the division.
“This seems to confirm his credentials as a capable individual.”
Also, since AMP is the thing that “aims to transform the online advertising industry” (according to an April press release), it indicates that Yahoo would be in a rather awkward spot if Hyder did indeed leave.
Earlier to joining Yahoo!, Hyder had served as Senior Director of Engineering at TradeBeam Inc., a venture-funded software company that streamlined global trading processes for enterprises. Before TradeBeam, he was Co-founder, CTO and CEO of OneBuild, a B2B marketplace. Earlier in his career with Sun Microsystems, Hyder served as Architect and Staff Engineer at JavaSoft and SunLabs.
“Adam Hyder is a results-oriented technology visionary and entrepreneur who will provide outstanding leadership to our engineering team and savvy strategic counsel on our executive team,” said Dan Finnigan, President and Chief Executive Officer of Jobvite. “He brings extensive experience leading innovative development of online advertising platforms, search and matching technology, B2B SaaS platforms and consumer Internet services to his new role at Jobvite.”
As CTO, Hyder will lead all technology and engineering development, working with the executive team of this fast growing Software as a Service provider in the multi-billion dollar online recruiting market.
“Jobvite has truly impressed me with its holistic approach to talent acquisition. Social networking is an integral part of today’s hiring ecosystem and Jobvite has beautifully integrated this concept into its application to solve talent acquisition challenges in a way that is cost effective, simple and elegant for the user,” said Adam Hyder, Chief Technology Officer of Jobvite. “I am delighted to work with the exceptional team here to scale our business, catapult the innovation cycle and build value for customers with new social recruitment technologies.”
Just a month before, Jobvite has hired Yahoo HotJobs boss Dan Finnigan as its CEO. It is likely that Finnigan had something to do with Hyder’s choice of relocation — the two worked together at HotJobs before Hyder moved to AMP.
The loss to Yahoo’s AMP platform is significant — the service was only announced in April, and has yet to launch (it is supposed to launch some time this summer). AMP is supposed to “help marketers buy across search, display, local, mobile, and video inventory — all under one platform, integrated interface.”
During the Yahoo conference call last June, the company said that AMP would be available within a week. Six weeks later, the platform’s homepage still displays a teaser trailer. We have not heard what the status of the AMP platform is at this point, but it is never a good sign when your Director of Engineering jumps ship weeks (or less) before release.
Finally, the LinkedIn profile suggests that Hyder is interested in everything imaginable, with career opportunities, consulting offers, new ventures, and job inquiries all sounding good.