CareerBuilder Expands To Southeast Asia With Purchase Of Singapore's Jobscentral

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.