Deal Expands STG Presence in Online Recruitment and Talent Management Solutions
Symphony Technology Group (STG), a private equity firm focused on investing in software, Internet services and technology-enabled business services, today announced that it has acquired Jobrapido, the job search engine division of the Daily Mail Group’s digital recruitment business (known as Evenbase). The terms of the deal were not disclosed. The acquired division will be an independent portfolio company under Symphony Technology Group.
The addition of Jobrapido to STG’s portfolio expands the firm’s current holdings in the online recruiting and talent management space including First Advantage and Findly. First Advantage is the global leader in employee screening analytics and identity solutions, delivering the largest global platform and footprint in the industry. Findly is a provider of cloud-based talent management/recruitment software and employment focused advertising solutions.
With presence in 58 countries, Jobrapido is the second largest global player in the growing job aggregator segment providing a one-stop platform for job-seekers to connect with employers.
“Jobrapido has built a global job search engine with phenomenal scale and reach, with more than 1.1 billion visits from over 100 million job seekers annually,” said STG Managing Director William Chisholm. “Our plan is to continue to enhance the global scale and quality of the Jobrapido platform to build longer lasting relationships across the entire recruitment value chain.”
“Symphony Technology Group is the ideal match for our business,” said Jobrapido CEO Edoardo Bounous. “Symphony brings fresh ideas, game changing innovation, operational excellence and a wealth of experience across multiple industries, which will allow us to serve our clients better than ever before.”
For more information, visit www.symphonytg.com and www.jobrapido.com.
About Symphony Technology Group
Symphony Technology Group (STG) is a strategic private equity firm with the mission of investing in and building great technology and services companies. In addition to capital, STG provides transformation expertise to enable its companies to deliver maximum value to their clients, to drive growth through innovation, to retain and attract the best talent and to achieve best in class business performance. STG’s current portfolio consists of 15 global companies. For more information, please visit http://www.symphonytg.com.
