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Dice.com Acquires Two Job Sites
Transaction activity in the recruitment advertising spaces continues to accelerate, with the latest announcement coming from Dice.com. Dice announced today that it has acquired U.K.-based efinancialGroup and jobsinthemoney.com. Both job sites focus primarily on jobs in the investment banking, accounting, retail banking, and wealth management industries. While terms were not disclosed, the acquisitions are certainly indicative of the growing ferocity of the competitive landscape in the recruitment classified space. It’s no wonder when one considers that the Labor Department reported yesterday that the employment-cost index rose 1% in the 3rd quarter, the largest increase in 2 years. The competition for human capital will be one of, if not the, single biggest macroeconomic/business story in the next decade, and companies that can successfully help businesses source talent will thrive. Of course, I’m slightly biased, but watch for increased frequency of similar deals in the months and years ahead.
[tags]Dice.com, Job Boards, Online Classifieds, Recruitment Advertising, Media[/tags]