Dice Pays Up To $9 Million To Acquire Worldwideworker

Dice Holdings, which provides specialized career websites for professional communities, has acquired the online and career events-related businesses of WorldwideWorker, a Dubai-based company active in recruitment for the energy industry.

The purchase price consists of initial consideration of $6 million in cash. Upon achievement of certain operating and financial goals within the next two years, the purchase price can mount up to a maximum of $9 million in cash.

WorldwideWorker boasts an extensive international resume database and is behind recruitment events held at conferences around the globe. According to the official statement, more than 400,000 energy professionals have registered with WorldwideWorker, two-thirds of which are based in Asia, Africa or the Middle East.

In June 2009, Dice Holdings moved to purchase another niche recruitment player, AllHealthcareJobs.com, in a mix of $2.8 million in cash and stock, with earn-out.

(Via press release)