Dice Holdings acquired Dubai-based job site for up to $9 million
Dice Holdings (NYSE: DHX), a provider of specialized career websites acquired Dubai-based WorldwideWorker, a global recruitment site for the energy industry, for up to $9 million.
The purchase price consists of initial consideration of $6.0 million in cash and additional consideration to a maximum of $3.0 million payable upon the achievement of certain goals.
Launched in 2000 and based in Dubai with offices in other places like UK, Houston and Netherlands, WorldwideWorker has 12 employees and a database of 400,000 energy professionals. They had $2 million revenue in 2009 and are profitable.
More details from their release follows
May 10, 2010 |
Filed under Investment in Middle East
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