Online career site operator CareerBuilder has acquired JobsCentral, one of Singapore’s largest job portals with over 700,000 registered jobseekers and a growing presence in Malaysia.
JobsCentral also operates a niche site focused on job search for college students.
With the acquisition, CareerBuilder enters the Southeast Asian market, expanding operations to a total of 21 countries worldwide, including the U.S., Europe, Canada and Asia.
Singapore has a strong economy and a dynamic job market. The country’s unemployment rate is low (at 2.2 percent) while job vacancies continue to rise, according to the Singapore Department of Statistics.
That, and its high Internet penetration rate (estimated at 77.8 percent), makes Singapore and ideal market for the online recruitment business, says Matt Ferguson, CEO of CareerBuilder.
CareerBuilder is the global leader in human capital solutions, helping companies target and attract their most important asset - their people. Its online career site, CareerBuilder.com®, is the largest in the United States with more than 24 million unique visitors, 1 million jobs and 49 million resumes. CareerBuilder works with the world’s top employers, providing resources for everything from employment branding and talent intelligence to recruitment support. More than 10,000 websites, including 140 newspapers and broadband portals such as...
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