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Latin America – Job board Navent buys rival firm to strengthens its regional position

06 March 2015

Latin American job board and real estate website Navent has acquired the job board and real estate assets of rival Latin American firm Dridco.

Dridco’s assets; which are spread across Mexico, Argentina, Colombia, and Brazil, operate under the brands ZonaJobs, ZonaProp, and Tiqueimoveis.

Navent already owns the leading Latin American job board brand, Bumeran as well as Konzerta, Multitrabajos, Universobit, and Execuzone.According to Martin Padulla from staffingamericalatina, a business partner of Staffing Industry Analysts, with this deal Navent will expand and consolidate its presence in nine Latin American countries. The combined assets of Navent and Dridco are expected to realise revenue of USD 100 million during 2015, with the greater share derived from the company’s job board businesses.

Financial details of the acquisition were not released.