DHI Group Inc. (NYSE: DHX), which operates Dice and other job boards, sold Hcareers to Virgil Holdings Inc. for approximately $16.5 million in cash. Hcareers is a job site targeting the hospitality market.

The transaction closed May 23. Funding was led by Genesis Park, a Houston-based private equity firm.

DHI will use the proceeds to reduce the balance on its revolving credit facility, support strategic initiatives and potentially return capital to shareholders.

Dice added Hcareers to its portfolio in November 2013 as part of its $50 million onTargetjobs acquisition, which included three job boards: HEALTHeCareers, Hcareers and BioSpace.

DHI in May 2017 announced its intention to divest four of its non-tech businesses as part of a strategy to focus on its core business, and this sale substantially completes that divestiture process. The company sold its Health eCareers business in December to Everyday Health Professional, a subsidiary of j2 Global, for $15.0 million. It sold RigLogix — the data services division of its Rigzone business — on Feb. 20; and transferred majority ownership of BioSpace to BioSpace management on Jan. 31, with DHI retaining a minority stake.

“Virgil Holdings Inc. is a great new home for Hcareers, which will no doubt benefit from being part of a company closely aligned with the hospitality industry that is transforming how candidates and employers come together,” said Art Zeile, who was named president and CEO of DHI Group last month. “We are pleased with the outcome of this transaction, as it helps us concentrate on our core strategy of bringing relevant career opportunities to tech professionals and qualified technology talent to employers.”