Monster Adds Next Generation Intelligent Search Technology with Acquisition of Trovix, Inc.

- Acquisition will enable Monster to Provide Unrivaled Search and Match Capabilities

- Company also announces acquisition of Armees.com; Alliances with Cornerstone OnDemand and HireRight

Monster(R), the leading global online careers and recruitment resource and flagship brand of Monster Worldwide, Inc. (NASDAQ: MNST), today announced a series of strategic business initiatives highlighted by the acquisition of Trovix, Inc., a leading provider of employment products and services using intelligent search technologies. The implementation of the Trovix technology will enable Monster to provide employers and job seekers with innovative search capabilities that will simplify the recruiting process by providing highly relevant, targeted search results.

This acquisition will greatly accelerate our goal of providing employers and job seekers with the most innovative solutions that can deliver the best search and match tools in the online recruitment business, said Sal Iannuzzi, Chairman, President and Chief Executive Officer, Monster. This is an unrivaled and unique technology, and it underscores Monster's commitment to investing significant resources to enhance our overall technology platform. Trovix's superior match technology complements nicely our ongoing investments in product, sales and customer service, as well as the extension of our business into new areas and geographies. This is truly a game-changing development.

Trovix uses advanced semantic search technology that has the ability to analyze resumes and job descriptions by focusing on key attributes such as skills, work history, and education to provide meaningful search results. The combination of Monster and Trovix enhances Monster's value proposition to employers by adding speed and efficiencies to the recruiting process, resulting in an improved return on investment for employers. The technology will also benefit job seekers, who will receive more relevant, targeted job postings.

The implementation of this technology will allow Monster to provide unparalleled match capabilities, taking us beyond keyword search into contextual search, said Darko Dejanovic, Global Chief Information Officer and Head of Product, Monster. Monster users across the globe will benefit through the most personalized search and match capabilities, increasing the connections between qualified seekers and employers.

Trovix was founded with the goal of providing advanced search technology that processes digital information with human-like understanding and delivers results that truly match what people are looking for, said Jeff Benrey, current CEO who, along with Earl Rennison, Chief Technology Officer, founded Trovix. The ability to apply the Trovix intelligent search technology to Monster's existing offerings provides an opportunity to deliver solutions that help companies go about identifying and recruiting the best talent available.

The purchase price for the transaction was $72.5 million in cash. The Trovix Mountain View location will remain open with employees being integrated into Monster. Immediate plans call for Monster to continue support of all existing Trovix customers.

Monster has also announced the acquisition of Armees.com, the leading Military site in France dedicated to improving the lives of military personnel, veterans and family members. This acquisition accelerates Monster's momentum in the French market and further expands the company's affinity strategy globally. Monster will increasingly connect public and private sector employers to the skilled talent pool of military veterans.

Monster anticipates that neither of these acquisitions will have a material impact on financial results in 2008.

In addition, Monster has entered into an alliance with Cornerstone OnDemand, a provider of on-demand, E-learning and training services, to provide learning and development online courses to Monster's job seekers. Through the alliance, Monster will launch a set of course bundles on general business, desktop applications, and IT topics designed to help job seekers acquire the training and skills required to excel in their careers. Cornerstone distributes more than 30,000 online courses and offers versions in up to 19 languages.

Finally, Monster and HireRight, an on-demand employment screening solutions provider, have also entered into an alliance. Through the arrangement, Monster will offer employers the opportunity to purchase HireRight background screening services as part of their current candidate management experience on Monster.com. The HireRight alliance will provide Monster's employers the ability to seamlessly screen candidates for criminal and motor vehicle records, employment history and other background information.

We are constantly innovating and diversifying our product portfolio and offerings, said Iannuzzi. At Monster, we don't just sell better jobs, we help promote better lives - we're in the life improvement business. This means new products, strategic alliances and unique partnerships. This is really just the beginning for us - stay tuned.