Jobrapido acquisition ‘supercharges’ Evenbase

Digital recruitment group Evenbase’s newly announced acquisition of job search engine Jobrapido was “something we’ve been thinking about for quite some time”, according to Evenbase chief executive Keith Potts.

Mon, 16 Apr 2012
Digital recruitment group Evenbase’s newly announced acquisition of job search engine Jobrapido was “something we’ve been thinking about for quite some time”, according to Evenbase chief executive Keith Potts.

The acquisition will give Evenbase a force multiplier in its access to candidates, and will “supercharge” the transformation of its business model, Potts said. In an interview with Recruiter, he said: “We’ve looked at the job aggregation market for many, many years. We’ve kept an eye on that market.”
The deal, announced this morning and reported by recruiter.co.uk, has a completion consideration of €30m (£24.7m). A statement from Daily Mail and General Trust (DMGT), Evenbase’s parent company, said the Jobrapido management team was incentivised “to enhance this valuation over the next few years through an earn-out arrangement based on achieving agreed financial and business performance objectives”.

Jobrapido achieved revenues of about €24m and profits of €6m during calendar year 2011, the statement said.

The Evenbase group includes Jobsite, Broadbean, OilCareers and divisions such as Business Solutions and New Ventures.

Harvey Nash expands in US with Latitude 36 buy

Global technology recruitment and solutions provider Harvey Nash Group has acquired Latitude 36 as part of its strategic expansion in the US.

Contracts 22 October 2020

Employment minister says ‘structural challenges’ in labour market must be fixed

A pivotal part of the government’s myriad employment schemes is to fix the “structural challenges” in the labour market, employment minister Miriam (Mims) Davies told Recruiter.

People 21 October 2020

APPOINTMENTS: 12-16 OCTOBER 2020

This week’s appointments include: Berry Recruitment, BoardroomAdvisors.co, Bullhorn, Clarion, Cloud International, Personio, The Curve Group, WeLove9am

People 12 October 2020

CONTRACTS & DEALS: 12-16 OCTOBER 2020

This week’s new contracts & deals include: Alexander Mann Solutions, Bullhorn, Concept Information Technology, Executive Heads

Contracts 12 October 2020
Top