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DMG sells Jobrapido and Broadbean

Evenbase, dmg media's digital recruitment business, has disposed of its job distribution software business, Broadbean, to CareerBuilder and its job search engine, Jobrapido, to Symphony Technology Group.

These disposals follow the disposal of the specialist recruitment job board, OilCareers, to Dice Holdings, Inc. in March 2014.

Kevin Beatty, CEO of dmg media, said: "CareerBuilder is a premiere HR Software as a Service (SaaS) provider, specialising in talent management software and deep labour market intelligence. Broadbean's SaaS offering for job distribution, candidate sourcing and big data analytics is a natural complement. Jobrapido extends Symphony Technology Group's existing position in the online recruitment market and Jobrapido will benefit from Symphony's planned investment in its next wave of growth."

During the year to 30 September 2013 the total revenues from the three businesses, Jobrapido, Broadbean and OilCareers, were £47 million and total operating profits were £6 million.