Online recruitment agency,
Recruitment Genius, has acquired iEmploy.net for an undisclosed sum. The deal, the
first of its kind in the online recruitment agency sector, is further testament
to the momentum this sector is gathering as more and more businesses look for
cost effective alternatives to traditional recruitment agencies.
iEmploy.net was previously a national, multi-sector online recruitment
agency. Recruitment Genius will be working with iEmploy.net’s existing customer
base, and partners, to ensure a smooth transition across. Existing iEmploy.net
customers will benefit from Recruitment Genius’ enhanced service offering as
well as a more favourable cost model. Recruitment Genius charges £199 compared
to £499 iEmploy.net charged for a more basic service. In turn Recruitment
Genius’ customers will benefit from the economies of scale being a larger
entity brings thus enabling them to ensure their services remain so
competitively priced.
Since launch Recruitment Genius has grown exponentially
experiencing double digit growth in recent months. Small and large businesses
alike have been attracted to the streamlined, more cost effective service which
does not compromise quality or service. To date this impressive growth has been
achieved organically. However, determined to achieve and maintain an even
greater market share Recruitment Genius has set itself some challenging growth
targets which will be achieved by the addition of some
carefully selected strategic acquisitions.
Commenting on the deal Recruitment Genius chief executive,
Geoff Newman, said: “In our first year of trading we placed thousands of jobs. This
is no mean feat and a growth rate we are incredibly proud of. However, we
recognise the value, and opportunity, which exists with online recruitment and
are determined to stay ahead of the game. We were the first player to really
shake up the recruitment industry but, in order to maintain that competitive
position, we need to stay focussed and continue to gain market share. The
acquisition of iEmploy.net enables us to expand our customer base and gain
greater profits for our shareholders.
