DAILY MAIL & GENERAL TRUST PLC - Disposal of Jobrapido and Broadbean
PR Newswire
London, April 3
3 April 2014 Daily Mail and General Trust plc (`DMGT') Disposal of Jobrapido and Broadbean Evenbase, dmg media's digital recruitment business, has disposed of its job distribution software business, Broadbean, to CareerBuilder and its job search engine, Jobrapido, to Symphony Technology Group. These disposals follow the disposal of the specialist recruitment job board, OilCareers, to Dice Holdings, Inc. in March 2014. Kevin Beatty, CEO of dmg media, said: "CareerBuilder is a premiere HR Software as a Service (SaaS) provider, specialising in talent management software and deep labour market intelligence. Broadbean's SaaS offering for job distribution, candidate sourcing and big data analytics is a natural complement. Jobrapido extends Symphony Technology Group's existing position in the online recruitment market and Jobrapido will benefit from Symphony's planned investment in its next wave of growth." During the year to 30 September 2013 the total revenues from the three businesses, Jobrapido, Broadbean and OilCareers, were £47 million and total operating profits were £6 million. For further information For analyst and institutional enquiries: Stephen Daintith, Finance Director +44 20 3615 2902 Adam Webster, Head of Management Information and Investor Relations +44 20 3615 2903 For media enquiries: Kim Fletcher / Charlie Potter, Brunswick Group +44 20 7404 5959 About DMGT DMGT is an international business built on entrepreneurship and innovation. We bring together leading companies and talented people to provide businesses and consumers with high-quality analysis & insight, information, news and entertainment. Group revenues are split across our five operating businesses. The B2B businesses are: • Risk Management Solutions • dmg information • dmg events • Euromoney Institutional Investor The Consumer business, known as dmg media, comprises: • The Daily Mail and The Mail On Sunday • MailOnline • Metro • Jobsite • Wowcher • Zoopla Property Group* (Zoopla & Prime Location) DMGT's ambition is to provide the highest quality content and services, across the most attractive growth markets in innovative, responsible and sustainable ways, building on its track record of earnings and dividend growth. *c53% share Daily Mail and General Trust plc Northcliffe House, 2 Derry Street, London, W8 5TT www.dmgt.com Registered in England and Wales No. 184594