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The digital recruitment group Evenbase, part of The Daily Mail and General Trust media group, has acquired the international job search engine Jobrapido in a €30 million deal, it has emerged today.
The acquisition will increase Evenbase’s international presence, allowing it to compete with some of the top recruitment brands in the world, the firm said today. 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. But day-to-day business will not be affected as Jobrapido is to retain its own identity.
Evenbase already owns a number of UK job board brands such as CityJobs, Jobsite, InRetail, and OilCareers as well as online job distributor, Broadbean.
Evenbase chief executive Keith Potts said he was “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.”
He also said that Vito Lomele and the Jobrapido team “are exactly the savvy, innovative and passionate people we love to work with.”
Mr Lomele too was full of praise for Evenbase. “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.”
Milan-based Jobrapido was founded in 2006 by Vito Lomele who remains chief executive. It is one of the largest job search engines in the world and operates in more than 50 countries and 16 languages.
This news follows the acquisition of leading UK job board, Totaljobs by Stepstone earlier this month.