Monster.com Closes Acquisition of Jobline International AB
STOCKHOLM, Sweden, LONDON & MAYNARD, Mass.--(BUSINESS WIRE)--July 26, 2001--Monster.com(R), the leading global online careers site and flagship brand of TMP Worldwide Inc. (NASDAQ: TMPW), today announced that TMP Worldwide closed the acquisition of the issued and outstanding stock of Jobline International AB (Stockholm Stock Exchange: JOBL) on July 23, 2001. The offer for Jobline International, a leading online recruitment service based in Sweden, has been accepted by shareholders owning approximately 98.41% of the company's capital.
The acquisition of Jobline, one of Europe's leading online professional search companies, solidifies Monster's presence in Europe by increasing overall brand recognition, site traffic, and resume postings. As part of Monster.com's overall global expansion strategy, the completed Jobline acquisition bolsters Monster's total number of European sites to 14 and international sites to 21, with the addition of five new European countries: Sweden, Norway, Denmark, Switzerland, and Finland.
The combination of Monster.com's and Jobline's products and services in Europe will provide job seekers with access to quality career opportunities and support services and guidance, with employers now having access to a resume database of over two million quality candidates in Europe alone.
"Since its inception in 1997 in Sweden, Jobline has grown into a leading online career site and one of the top online recruiting companies in Europe, with a strong presence in 11 countries," said Jeff Taylor, CEO of Monster.com. "The combination of the innovative career market offerings of Jobline with Monster.com's established leadership position in the global recruiting market results in an enhanced European career center both for job seekers and employers. With this acquisition, Monster.com is laying the foundation to becoming the overall leading career site in all of Europe, an emulative global brand, and the premier destination for international job seekers."
Monster.com, headquartered in Maynard, Mass., is the leading global careers website, recording over 25 million unique visits during the month of June 2001 according to independent research conducted by I/PRO. Monster.com connects the most progressive companies with the most qualified career-minded individuals, offering innovative technology and superior services that give them more control over the recruiting process. The Monster.com global network consists of local content and language sites in the United States, United Kingdom, Australia, Canada, the Netherlands, Belgium, New Zealand, Singapore, Hong Kong, France, Germany, Ireland, Spain, Luxembourg, India, Italy, Sweden, Norway, Denmark, Switzerland, and Finland. More information about Monster.com is available at www.monster.com or by calling 1-800-MONSTER.
About TMP Worldwide
Founded in 1967, TMP Worldwide Inc., with more than 9,500 employees in 32 countries, is the online recruitment leader, the world's largest Recruitment Advertising agency network, and one of the world's largest Executive Search and Executive Selection agencies. TMP Worldwide, headquartered in New York, is also the world's largest Yellow Pages advertising agency and a provider of direct marketing services. The company's clients include more than 90 of the Fortune 100 and more than 480 of the Fortune 500 companies. In June 2001, TMP Worldwide was added to the S&P 500 Index. More information about TMP Worldwide is available at www.tmp.com.
About Jobline International AB
Jobline International AB is Europe's leading professional online recruitment company. It is listed on the Stockholm Stock Exchange and trades under the symbol JOBL. Jobline International started in 1997 in Sweden, and has successfully created a well-functioning digital marketplace for human capital whereby the right skills are matched with the right position. Jobline can now be found in 11 European countries, with 23 offices in Sweden, Norway, Denmark, Finland, Great Britain, France, Germany, Italy, Spain, the Netherlands, and Switzerland.
Candidates use Jobline to place their skill profiles (CV) anonymously and free of charge in the Jobline online database. Employers who subscribe to Jobline's services can simply find people with the right qualifications for a given position through its international careers services. Jobline has more than 1,200,000 registered candidates on its database at www.jobline.org
Special Note: The above statements include forward-looking statements based on current management expectations. Factors that could cause future results to differ from these expectations include the following: risks associated with acquisitions, competition and seasonality. Additional factors are described in the company's reports filed with the Securities and Exchange Commission.
--30--bh/bos*CONTACT: Kevin Mullins Monster.com 978-461-8751 email@example.com