DMGT acquires international digital recruitment business

The group behind the Daily Mail has acquired international job search business Jobrapido for at least €30m (£24.7m).

Jobrapido acquired by DMGT
Jobrapido acquired by DMGT

The business will be combined into the digital recruitment group in DMGT’s consumer media division, A&N Media.

The group, which includes businesses such as Jobsite, will be rebranded as Evenbase "to reflect the wider scope and international reach of the enlarged group".

Jobrapido, which was established in Italy in 2006, achieved revenues of around €24m and profits of around €6m in 2011.

It claims to be the second largest international job search engine in the world, delivering 660 million visits from job seekers in more than 50 countries last year.

The total value of the deal could be greater if the Jobrapido management tream achieves financial and business performance objectives.

Martin Morgan, chief executive of DMGT, said: "Bringing the Jobrapido team into the DMGT group is a great example of DMGT's core strategy in action.

"We seek out and acquire market leading businesses with strong positions in rapidly growing international markets.

"We have a strong culture of entrepreneurial management and like to retain and empower the people who built those businesses."

Have your say...

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Media Week Jobs
Search for more media jobs

Latest

The end of digital doom-mongering is nigh... or is it?

The end of digital doom-mongering is nigh... or is it?

Digital prophets calling the doom of the old world are well past their sell-by date, says Mark Barber, planning director at the Radio Advertising Bureau.

Share
Mindshare's huddle: next generation technology and powering dreams

Mindshare's huddle: next generation technology and powering dreams

It's hard not to get caught up in the sheer 'wow' factor of Mindshare's annual huddle day, says Immediate Media's Toby Hicks.

Share
In pictures: Campaign Media Awards 2014

In pictures: Campaign Media Awards 2014

More than 550 leaders from media agencies, media owners and advertisers celebrated creativity in the media business at the Campaign Media Awards, held at the London Hilton on Wednesday 19 October.

Share

Get news by email