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

Lost in translation: when brand taglines don't travel

Lost in translation: when brand taglines don't travel

These might be some of the most memorable brand taglines in English but when they cross oceans, they mean something entirely different. We searched the depths of the internet to find the best, or worst.

Share
Traditional TV viewers predicted to drop as mobile fuels rise in online video

Traditional TV viewers predicted to drop as mobile fuels rise in online video

Linear TV viewing figures are set to drop worldwide for the first time next year, with online video consumption set to rise by 23.3 per cent in 2015, according to a report by ZenithOptimedia.

Share
The 7 deadly sins of brand management - and how to avoid them

The 7 deadly sins of brand management - and how to avoid them

Some of the most valuable assets a firm has are the brands it has developed. Brands create identification, differentiation and value for customers and shareholders alike. By influencing customer choice, creating a loyal and passionate following as well as commanding a premium for their products and services, strong brands can be key to great business performance.

Share

Get news by email