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LinkedIn buys predictive insights startup Refresh

Refresh is known for its eponymous iOS app that helps users brush up on key details about people they may not follow regularly.

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LinkedIn has been steadily working to expand from a social network for professionals into an all-out recruiting platform, and today that mission received a significant boost.

LinkedIn has acquired the predictive insights startup Refresh, a Mountain View, Calif.-based operation known for its eponymous iOS app that helps users brush up on key details about people they may not follow regularly.

More specifically, the app synchs with a user's LinkedIn or Facebook account and analyzes profiles, statuses and events across the networks to create a dossier on a particular person, which can then be used to prep for a job interview or a business meeting, for example.

The purchase was revealed in a blog post penned by Refresh co-founder Bhavin Shah on Thursday.

"I started Refresh three years ago with Paul Tyma to create a digital briefing book that every professional could use to discover common ground and build stronger relationships with people they were meeting," Shah wrote. "Since then Refresh has surfaced insights associated with hundreds of millions of meetings, and has been central to countless connections and closed deals."

Financial terms of the deal were not disclosed, but Shah did say the app would stop taking on new users effective immediately, and then ultimately shut down on April 15.

The deal marks LinkedIn's second acquisition this month, following its purchase of the online recruiting and talent acquisition platform Careerify.

Founded in 2011, Refresh previously raised $10 million in financing from Redpoint Ventures, Charles River Ventures and Foundation Capital in October of 2010.