NEW YORK, Sept. 17, 2018 /PRNewswire/ -- DHI Group,
Inc. (NYSE: DHX) ("DHI" or the "Company") today announced that the
Company has transferred a majority ownership of its Rigzone
business, which is a career site for oil and gas professionals, to
Rigzone's management team. DHI will retain a minority interest in
Rigzone.
"The spinoff of Rigzone completes the divestiture of our
non-tech brands, consistent with our strategy to focus DHI on
delivering state-of-the-art online recruiting solutions to
technology professionals," said Art
Zeile, Chief Executive Officer of DHI Group, Inc. "We have
moved aggressively to streamline our business and reduce our global
footprint, including the closure or downsizing of six offices,
resulting in a leaner and focused organization with the resources
to invest in our three tech-focused platforms – Dice,
eFinancialCareers and ClearanceJobs. There are significant
synergies between these platforms that will enable us to optimize
our resource allocation going forward and be much more efficient
and agile in how we address the needs of our clients."
Investor Contact
Arbor Advisory Group
212-448-4181
ir@dhigroupinc.com
Media Contact
Rachel Ceccarelli
Director of Corporate Communications
212-448-8288
media@dhigroupinc.com
About DHI Group, Inc.
DHI Group, Inc. 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.
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, 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, 2017, 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.