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Operator of Dice job board decides to remain independent company

April 12, 2017

DHI Group Inc. (NYSE: DHX), which operates the Dice and other job boards, formally concluded its exploration of strategic alternatives and will continue to operate as an independent company. The company previously announced that it was weighing strategic alternatives in light of the recent LinkedIn and Monster sales.

“The board, together with its independent advisors, conducted a comprehensive exploration of strategic alternatives with the intent of maximizing long-term shareholder value,” said Chairman John Barter. “We remain committed to maximizing shareholder value, which we believe, at this point, is best achieved by pursuing the company’s previously announced tech-focused strategy. Therefore, we have decided to formally conclude the strategic alternatives process at this time.”

The company will consider additional measures to facilitate its tech-focused strategy, including continuing investments in its core tech business, divesting assets that aren’t core to its tech-focused strategy, and exploring acquisitions.

“Throughout the strategic alternatives process we have emphasized that we are committed to our tech-focused strategy and have the resources to carry it out, regardless of the outcome of that process,” President and CEO Michael Durney said. “Accordingly, we have already been executing on this strategy by prioritizing initiatives and reallocating resources.”

DHI has added skills assessment services like HackerEarth, and deepening engagement with professionals with new Dice Careers App features.

“All of our efforts now are designed to reinvigorate our tech franchise, broaden our market opportunity, accelerate next-generation product development, and ultimately enhance the company’s growth opportunities and shareholder value,” Durney said. “We will provide a more detailed update when we report first quarter 2017 results.”