Digital recruitment group Evenbase (www.evenbase.com) today announced the acquisition of Jobrapido, one of the world’s largest online recrutiment job search engines. This move catapults Evenbase into the top five digital recruitment brands globally.
The deal provides Evenbase and its brand portfolio – which includes Jobsite, OilCareers and Broadbean – with access to one of the world’s largest candidate audiences and the ability to move more swiftly into new international markets.
Established in 2006 by Vito Lomele who remains chief executive, Jobrapido is currently the second largest international job search engine in the world, delivering 660m visits per year in more than 50 countries and 16 languages. Its head office is in Milan, Italy.
Evenbase chief executive Keith Potts said: “I’m absolutely delighted to secure such an asset for the group.
“Candidates are, and will always be, the raw material for recruitment. Jobrapido gives us access to this raw material on a global scale and supercharges the transformation of our business model.
“In addition, there are significant opportunities for our existing portfolio of brands including economies of scale, entry to new markets, increased ability to capture CV’s, and attractiveness as a partner to international corporations. Take Jobsite, for example. These synergies will position that brand as the clear number one in the UK market.
“Just as valuable to us are Vito Lomele and the Jobrapido team who are exactly the savvy, innovative and passionate people we love to work with. Their success in six short years speaks volumes.”
Commenting on the deal, Vito Lomele, Jobrapido chief executive said: “Our short and intense history has seen us grow from a self funded local operation to a successful international business ready for its next stage of growth.
“As Jobrapido enters this new phase, I am convinced we couldn’t find a better partner for consolidating our international reach than Evenbase with its global brand and client base.
“With Evenbase we gain the backing of a global group such as DMGT, as well as the vivid entrepreneurial spirit and the deep industry knowledge of Keith Potts and his team. And to top it all off, there are market synergies that can be activated immediately.”
Under the terms of the deal, Jobrapido will be integrated into the New Ventures division of Evenbase which is led by divisional managing director Ray Duggins. Day to day business will not change with Jobrapido retaining its own identity, employees and management team led by Vito Lomele. Joining the Jobrapido board will be Evenbase’s Keith Potts and Ray Duggins as chairman and director respectively.
Source: comScore (March 2012): Top five digital recruitment brands, by audience, are Indeed, Monster, Careerbuilder, Linkedin and Evenbase.
Visit our blog for video of Keith Potts and Ray Duggins commenting on the deal. www.evenbase.com/evenmore
