Feeds

Daily Mail group buys Jobsite for £35m

Cross-selling

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

The Daily Mail group (DMGT) is stumping up £35m for Jobsite, the online recruitment business. The group now has a robust vehicle to cross-sell jobs across print and online.

Based in Havant, Sussex, Jobsite has 80 employees. It claims 1.6 million unique visits a month to its various job websites. And it also has a recruitment software arm, called Conkers, which distributes a couple of million vacancies ads a year to 700-plus recruitment sites.

Jobsite will continue to run as a standalone subsidiary of Associated New Media, the Daily Mail group's online division. It is, says ANM boss Andrew Hart, a "rare gem, an online company that has been profitable for nine years, thanks to the quality and experience of the team."

Keith Potts, managing director of Jobsite, said: "By joining forces with a FTSE 100 media player we will create the market leading online recruitment company. With more and more recruiters using both print and Internet to fulfil their recruitment needs, this partnership will enable us to offer a more complete solution."

And of course, if the experience of the computing and engineering sectors are anything to go by, print-based classified job advertising could fall through the floor. DMGT is paying big bunce to get into an online recruitment market currently worth £100m a year, around seven per cent of the UK's entire recruitment advertising. Online recruitment revenues are growing at a lick - 43 per cent year on year for the first three quarters of 2003 - and are expected to grow to £200m by 2008.

The deal was brokered by Continental Capital Partners, a London-based corporate finance boutique which specialises in the staffing, travel and professional service sectors. ®

Related stories

UK firms give online recruitment the boot
IT contracting: don't get carried away

Internet Security Threat Report 2014

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.