Feeds

Daily Mail group buys Jobsite for £35m

Cross-selling

  • alert
  • submit to reddit

High performance access to file storage

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

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Nokia offers 'voluntary retirement' to 6,000+ Indian employees
India's 'predictability and stability' cited as mobe-maker's tax payment deadline nears
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
Adrian Mole author Sue Townsend dies at 68
RIP Blighty's best-selling author of the 1980s
Analysts: Bright future for smartphones, tablets, wearables
There's plenty of good money to be made if you stay out of the PC market
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.