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

Pamco names Jan Gooding as chair and appoints Ipsos Mori for new measurement service

Pamco names Jan Gooding as chair and appoints Ipsos Mori for new measurement service

The newly created Publishers Audience Measurement Company, Pamco, has announced that Jan Gooding, the group brand director at insurance company Aviva, is joining as chair of the organisation.

Share
Maxus brings in ZenithOptimedia's Symons as head of talent

Maxus brings in ZenithOptimedia's Symons as head of talent

Maxus has appointed Rudi Symons as its first EMEA head of talent and culture.

Share
Most people do not know how UK newspapers are funded by advertising, reveals study

Most people do not know how UK newspapers are funded by advertising, reveals study

Consumers underestimate the contribution that advertising revenue has in funding high quality editorial, research from video advertising specialist Teads has found.

Share

Get news by email