Job board CareerBuilder is further expanding its global reach through an acquisition of Singapore-based JobsCentral Group, an online recruitment portal.
Terms of the acquisition were not disclosed, but the announcement was confirmed today by Penn-Olson.com.
The JobsCentral Group has over 800,000 registered job seekers. Arms of the group include JobsCentral Learning, which focuses on education services, and the annual JobsCentral Career and Learning Fair that attracts 55,000 visitors and career magazines. The group also owns BrightSparks, the country’s largest scholarship and education platform for pre-tertiary students, as well as a presence in Malaysia with JobsCentral.com.my.
A spokesperson told Penn-Olson, “Our immediate plans are to continue to execute upon our growth strategy in Singapore and Malaysia for all our products and services. Basically, it’s business as usual for us while we work out with CareerBuilder the optimal way to integrate our processes and leverage upon their considerable product depth, and global business and technology resources.”
Launched in 2006, JobsCentral claims to have revolutionized the online job portal industry by offering free basic posting offering and premium postings.
“We’re very pleased to join the CareerBuilder family, which has a deep and broad suit of services and vast distribution network that will help us provide the best recruitment solutions to our clients and users,” said Mr Lim Der Shing, CEO of JobsCentral Group. “Like CareerBuilder, JobsCentral is more than just a job portal, and we look forward to growing our business in the region with this partnership.”
“Singapore has a prosperous economy, pervasive Internet use and a very low unemployment rate,” said Matt Ferguson, CEO of CareerBuilder. “It’s an ideal market for the online recruitment business and our new partner JobsCentral has an impressive track record. Combining CareerBuilder’s global resources with JobsCentral’s expertise in the Southeast Asia recruitment space will bring an even greater level of service to Singapore’s employers and job seekers.”
With the acquisition of the JobsCentral Group, CareerBuilder now operates in 21 countries worldwide, including the U.S., Europe, Canada and Asia.