CareerBuilder.com, the online job site in the U.S., is taking the next step in its international expansion with the purchase of Kariera.gr, the largest online job site in Greece. Kariera has operated in the job market since 1997, providing integrated solutions to its clients, which include the Kariera.gr site, a free, weekly career related newspaper, online and off-line executive training services, an annual ìcareers dayî job fair and the publication of an annual career guide.
The acquisition of Kariera.gr adds thousands of new job seekers to CareerBuilder.comís international network, which now tops more than 3 million in Europe. Kariera.gr will retain their existing brand name, but will be powered by CareerBuilder.com technology. Financial terms surrounding the acquisition have not been released.
ìAdding Kariera to the CareerBuilder family was an easy decision because of our shared values and commitment to producing the best of breed online recruitment site for all Greeks,î said Farhan Yasin, President of CareerBuilder.comís International Group. ìThis acquisition is another important milestone in CareerBuilderís pursuit to provide our employers access to the largest and most comprehensive talent pool in the world.î
ìKariera.gr will grow considerably under its new owner CareerBuilder.com and Greek job seekers and employers will benefit through a new technological platform that has been instrumental in making CareerBuilder.com the industry leader in the U.S.,î stated Theofilos Vasileiadis, Managing Director of Kariera.gr.
Greece has a labour participation rate in excess of 60 percent, with an Internet penetration rate close to 34 percent, according to Internet World Stats.
CareerBuilder.com began its international expansion in Spring 2006, building its presence through a combination of organic development, partnerships and acquisitions as market conditions warranted. CareerBuilder.com launched organic sites in Canada and the United Kingdom. In addition, CareerBuilder.com acquired sites in Sweden (Jobbguiden.se) and The Netherlands (JobbingMall.nl) in March of 2007. CareerBuilder.com also maintains strong partnerships in China with 51Jobs and in South Korea with Incruit. In India, CareerBuilder.com launched a site while maintaining a close partnership with Naukri.
CareerBuilder.com acquires Kariera.gr and continues European expansion
The acquisition of Kariera.gr adds thousands of new job seekers to CareerBuilder.comís international network, which now tops more than 3 million in Europe
