Agreement with Quebecor Media: Mediagrif Acquires Jobboom and Reseau Contact
May 31 2013 - 1:30PM
Marketwired
Mediagrif Interactive Technologies ("Mediagrif"), a leading
provider in e-commerce solutions, and Quebecor Media have reached a
definitive agreement whereby Mediagrif will acquire Jobboom on June
1st 2013, and has agreed to acquire Reseau Contact on or around
October 31st 2013, the latter transaction being subject to
technology transfer conditions. Total financial compensation for
the deal will reach $65 M. Both acquisitions will count towards
Mediagrif's bottom line as soon as they are completed.
"We are happy to welcome and unite within Mediagrif the Jobboom
and Reseau Contact teams. These acquisitions represent a unique
opportunity for Mediagrif to have these two prominent brands join
up with the well-known LesPAC.com brand, bringing new networking
possibilities to Jobboom.com, ReseauContact.com and LesPAC.com's
millions of members. Through this transaction, Mediagrif will gain
a first-rate web presence in Quebec," said Mr. Claude Roy,
president and CEO of Mediagrif. "We are also pleased that we will
be working with Quebecor Media to capture additional synergies by
developing our business relationship beyond this transaction",
added Claude Roy.
"We are particularly happy to see these two platforms remain in
the hands of a well-established Quebec company. This deal will keep
jobs and management here in Quebec," said Mr. Robert Depatie,
president and CEO of Quebecor Media. "Confident that these two
platforms will continue to grow in the hands of such an e-commerce
leader, Quebecor intends to remain a partner of Mediagrif," added
Mr. Depatie.
Jobboom is a Quebec leader in online recruitment and an expert
in labour market intelligence. Its mission is to match the needs
and aspirations of employers, jobseekers, students and freelancers,
and to help its members achieve and exceed their objectives. Reseau
Contact is Quebec's most popular dating site with more than a
million members.
About Mediagrif Interactive Technologies Inc.
Mediagrif Interactive Technologies Inc. (TSX:MDF) delivers
innovative e-commerce solutions to businesses since 1996. Its web
platforms enable clients to find, purchase and sell products,
exchange information, gain access to business opportunities and
manage supply chain collaboration with greater speed and
efficiency. The Company provides e-commerce solutions in the fields
of electronic components, computer equipment and
telecommunications, medical equipment, automotive aftermarket, wine
and spirits, diamonds and jewelry, classified ads, supply chain
collaboration and government opportunities. Mediagrif has its
headquarters in Longueuil and has offices in North America and
Asia. For more information, please visit us at www.mediagrif.com or
call 1 877 677-9088.
About Quebecor Media Inc.
Quebecor Media Inc. is a subsidiary of Quebecor Inc.
(TSX:QBR.A)(TSX:QBR.B), one of Canada's largest holding companies
operating in the telecommunications and media businesses. With more
than 16,000 employees, Quebecor Media Inc., through its subsidiary
Videotron Ltd., is an integrated communications company engaged in
cable television, interactive multimedia development, Internet
access services, cable telephony and mobile telephony. Through Sun
Media Corporation, Quebecor Media Inc. is the largest publisher of
newspapers in Canada. It also operates Canoe.ca and its network of
English- and French-language Internet properties in Canada. In the
broadcasting segment, Quebecor Media Inc. operates, through TVA
Group Inc., the number one French language conventional television
network in Quebec, a number of specialty channels and, through Sun
Media Corporation, the English-language SUN News channel. Another
subsidiary of Quebecor Media Inc., Nurun Inc., is a major
interactive technologies and communications agency with offices in
Canada, the United States, Europe and Asia. Quebecor Media Inc. is
also active in magazine publishing (Publications TVA Inc.), book
publishing and distribution (Sogides Group Inc., CEC Publishing
Inc.), the production, distribution and retailing of cultural
products (Archambault Group Inc., TVA Films), sporting and cultural
event management (Event Management Gestev Inc.), video game
development (BlooBuzz Inc.), DVD, Blu-ray disc and videogame rental
and retailing (Le SuperClub Videotron ltee), the printing and
distribution of community newspapers and flyers (Quebecor Media
Printing Inc., Quebecor Media Network Inc.), outdoor advertising
(Quebecor Media Out of Home), news content production and
distribution (QMI Agency), and multiplatform advertising solutions
(Quebecor Media Sales).
Forward-Looking Statements
This press release contains certain forward-looking statements.
These forward-looking statements, by their nature, necessarily
involve risks and uncertainties that could cause actual results to
differ materially from those contemplated by these forward-looking
statements. We consider the assumptions on which these
forward-looking statements are based to be reasonable, but caution
the reader that these assumptions regarding future events, many of
which are beyond our control, may ultimately prove to be incorrect
since they are subject to risks and uncertainties that affect us.
We disclaim any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by applicable
securities legislation. All amounts are in Canadian dollars.
Contacts: Mediagrif Interactive Technologies Claude Roy,
President and CEO 450-449-0102, ext. 2004 1-877-677-9088, ext.
2004croy@mediagrif.com Paul Bourque, Chief financial officer
450-449-0102, ext. 2135 1-877-677-9088, ext.
2135pbourque@mediagrif.com Quebecor Media Martin Tremblay, Vice
President, Public affairs
514-380-1985martin.tremblay@quebecor.com
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