NEW YORK, Dec. 4, 2017 /PRNewswire/ -- DHI Group, Inc.
(NYSE: DHX) ("DHI" or the "Company"), a leading online career
resource and talent acquisition platform for technology
professionals and other select professional communities, today
announced that it has sold its Health eCareers business to Everyday
Health Professional, a subsidiary of j2 Global, for approximately
$15 million in cash. The transaction
closed on December 4, 2017 and DHI
will use the proceeds to reduce the balance on its revolving credit
facility and support strategic initiatives.
DHI previously announced its intention to divest four of its
non-tech businesses in May 2017 as
part of a strategy to focus on tech and helping technology
professionals manage their careers. Consistent with its strategy,
DHI continues to pursue the divesture of its remaining non-tech
businesses.
"This is a great fit for Health eCareers, joining one of the
leading providers of digital health marketing and communications
solutions targeted to healthcare professionals. While already
successful, Health eCareers will no doubt thrive by being under the
same roof as Everyday Health Professional," said Michael Durney, President and CEO of DHI Group,
Inc. "We are pleased with the outcome of this transaction, as it
helps to advance DHI's strategic goal of becoming the leading
provider of talent acquisition and career management solutions
focused on tech professionals, which we believe will ultimately
enhance DHI shareholder value."
AGC Partners served as the exclusive financial advisor for the
transaction.
Investor Contact
Brendan Metrano
Director, Investor Relations
DHI Group, Inc.
212-448-4181
ir@dhigroupinc.com
Media Contact
Rachel Ceccarelli
Director, Corporate Communications
DHI Group, Inc.
212-448-8288
media@dhigroupinc.com
About DHI Group, Inc.
DHI Group, Inc. (NYSE: DHX) is a leading provider of data,
insights and employment connections through our specialized
services for technology professionals and other select online
communities. Our mission is to empower tech professionals and
organizations to compete and win through expert insights and
relevant employment connections. Employers and recruiters use our
websites and services to source, hire and connect with the most
qualified and highly-skilled tech professionals, while
professionals use our websites and services to find ideal
employment opportunities, relevant job advice and tailored
career-related data. For over 25 years, we have built our Company
on providing employers and professionals with career connections,
news, tools and information. Today, we serve multiple markets
located throughout North America, Europe, the Middle
East and the Asia Pacific region. Find out more
at http://www.dhigroupinc.com/home-page/default.aspx
Forward-Looking Statements
This press release and oral statements made from time to time by
our representatives contain forward-looking statements. You should
not place undue reliance on those statements because they are
subject to numerous uncertainties and factors relating to our
operations and business environment, all of which are difficult to
predict and many of which are beyond our control. Forward-looking
statements include, without limitation, information concerning our
possible or assumed future results of operations. These statements
often include words such as "may," "will," "should," "believe,"
"expect," "anticipate," "intend," "plan," "estimate" or similar
expressions. These statements are based on assumptions that we have
made in light of our experience in the industry as well as our
perceptions of historical trends, current conditions, expected
future developments and other factors we believe are appropriate
under the circumstances. Although we believe that these
forward-looking statements are based on reasonable assumptions, you
should be aware that many factors could affect our actual financial
results or results of operations and could cause actual results to
differ materially from those in the forward-looking statements.
These factors include, but are not limited to, our ability to
execute our tech-focused strategy, the review of potential
dispositions of certain of our businesses and the terms and timing
of any such transactions, the results and timing of our search for
a new Chief Executive Officer, competition from existing and future
competitors in the highly competitive market in which we operate,
failure to adapt our business model to keep pace with rapid changes
in the recruiting and career services business, failure to maintain
and develop our reputation and brand recognition, failure to
increase or maintain the number of customers who purchase
recruitment packages, cyclicality or downturns in the economy or
industries we serve, the uncertainty surrounding the United
Kingdom's future departure from the European Union,
including uncertainty in respect of the regulation of data
protection and data privacy, failure to attract qualified
professionals to our websites or grow the number of qualified
professionals who use our websites, failure to successfully
identify or integrate acquisitions, U.S. and foreign government
regulation of the Internet and taxation, our ability to borrow
funds under our revolving credit facility or refinance our
indebtedness and restrictions on our current and future operations
under such indebtedness. These factors and others are discussed in
more detail in the Company's filings with the Securities and
Exchange Commission, all of which are available on the Investors
page of our website at www.dhigroupinc.com, including the
Company's Annual Report on Form 10-K for the fiscal year
ended December 31, 2016, under the headings "Risk Factors,"
"Forward-Looking Statements" and "Management's Discussion and
Analysis of Financial Condition and Results of Operations."
You should keep in mind that any forward-looking statement made
by the Company or its representatives herein, or elsewhere, speaks
only as of the date on which it is made. New risks and
uncertainties come up from time to time, and it is impossible to
predict these events or how they may affect us. We have no
obligation to update any forward-looking statements after the date
hereof, except as required by applicable law.
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SOURCE DHI Group, Inc.