CareerBuilder Enters Southeast Asia By Acquiring JobsCentral

Just in, US jobs site CareerBuilder has acquired the JobsCentral Group. No valuation was given but with this acquisition, CareerBuilder is now in 21 countries. An excerpt from the press release follows:

” ‘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.’

The JobsCentral Group is currently one of the largest career media players in Singapore with the flagship JobsCentral.com.sg job portal that has over 800,000 registered jobseekers, JobsCentral Learning that focuses on education services, 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 fast-growing presence in Malaysia with JobsCentral.com.my.

The brands JobsCentral and BrightSparks will continue to be used in Singapore as both enjoy strong brand recognition with employers, schools and jobseekers.

With the acquisition of the JobsCentral Group, CareerBuilder now operates in 21 countries worldwide, including the U.S., Europe, Canada and Asia.”

Read an old (like, from 2006) article by Der Shing, co-founder of JobsCentral on “A Startup Journey”. You can also check out the rest of his SGE posts here!

Link to full article