3rd Apr 2014 10:47
LONDON (Alliance News) - Daily Mail and General Trust PLC said Thursday that it had disposed of its job distribution software business Broadbean and job search engine Jobrapido, as it continued to shed its recruitment assets.
Daily Mail sold Broadbean to human resources software-as-a-service provider CareerBuilder, and Jobrapido to Symphony Technology Group. CareerBuilder is owned by US media groups Gannett Co, Inc, Tribune Company and The McClatchy Company. Symphony Technology Group is a Palo Alto, California-based private equity firm.
The disposals follow Daily Mail's sale of its specialist recruitment job board OilCareers to Dice Holdings Inc in March.
No financial details of the sales were disclosed. Daily Mail said revenue for all three business was GBP47 million for the year ended September 2013, and total operating profit for the businesses was GBP6 million.
Shares in Daily Mail were trading up 3.1% at 905.00 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
Copyright © 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
DMGT.L