CareerBuilder.com Acquires Kariera.gr, Continues European Expansion
October 16 2007 - 10:46AM
PR Newswire (US)
CHICAGO, Oct. 16 /PRNewswire/ -- CareerBuilder.com, the largest
online job site in the U.S., is taking the next step in its
international expansion with the purchase of Kariera.gr, the
largest online job site in Greece. Kariera has operated in the job
market since 1997, providing integrated solutions to its clients,
which include the Kariera.gr site, a free, weekly career related
newspaper, online and off-line executive training services, an
annual "careers day" job fair and the publication of an annual
career guide. The acquisition of Kariera.gr adds thousands of new
job seekers to CareerBuilder.com's international network, which now
tops more than 3 million in Europe. Kariera.gr will retain their
existing brand name, but will be powered by CareerBuilder.com
technology. Financial terms surrounding the acquisition have not
been released. "Adding Kariera to the CareerBuilder family was an
easy decision because of our shared values and commitment to
producing the best of breed online recruitment site for all
Greeks," said Farhan Yasin, President of CareerBuilder.com's
International Group. "This acquisition is another important
milestone in CareerBuilder's pursuit to provide our employers
access to the largest and most comprehensive talent pool in the
world." "Kariera.gr will grow considerably under its new owner
CareerBuilder.com and Greek job seekers and employers will benefit
through a new technological platform that has been instrumental in
making CareerBuilder.com the industry leader in the U.S.," stated
Theofilos Vasileiadis, Managing Director of Kariera.gr. Greece has
a labor participation rate in excess of 60 percent, with an
Internet penetration rate close to 34 percent, according to
Internet World Stats. CareerBuilder.com began its international
expansion in Spring 2006, building its presence through a
combination of organic development, partnerships and acquisitions
as market conditions warranted. CareerBuilder.com launched organic
sites in Canada and the United Kingdom. In addition,
CareerBuilder.com acquired sites in Sweden (Jobbguiden.se) and The
Netherlands (JobbingMall.nl) in March of 2007. CareerBuilder.com
also maintains strong partnerships in China with 51Jobs and in
South Korea with Incruit. In India, CareerBuilder.com launched a
site while maintaining a close partnership with Naukri. About
CareerBuilder.com CareerBuilder.com is the nation's largest online
job site with more than 22 million unique visitors and over 1.5
million jobs. Owned by Gannett Co., Inc. (NYSE:GCI), Tribune
Company (NYSE:TRB), The McClatchy Company (NYSE:MNI) and Microsoft
Corp. (NASDAQ:MSFT), the company offers a vast online and print
network to help job seekers connect with employers.
CareerBuilder.com powers the career centers for more than 1,100
partners, including 150 newspapers and leading portals such as
America Online and MSN. More than 300,000 employers take advantage
of CareerBuilder.com's easy job postings, 23 million-plus resumes,
Diversity Channel and more. CareerBuilder.com and its subsidiaries
operate in the U.S., Europe, Canada and Asia. For more information,
visit http://www.careerbuilder.com/. Media Contact: Michael Erwin
773-527-3637 DATASOURCE: CareerBuilder.com CONTACT: Michael Erwin,
+1-773-527-3637, of CareerBuilder.com Web site:
http://www.careerbuilder.com/
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