Dice Holdings has acquired Dubai-based WorldwideWorker, an energy recruitment firm, in a deal valued at up to $9 million.
Target Information
Dice Holdings (NYSE: DHX), a prominent provider of specialized career websites, has acquired Dubai-based WorldwideWorker, a leading global recruitment platform for the energy sector. The acquisition deal is valued at up to $9 million, with an initial payment of $6 million in cash and an additional $3 million contingent upon achieving specified performance milestones.
Founded in 2000, WorldwideWorker is headquartered in Dubai and operates additional offices in the UK, Houston, and the Netherlands. The company employs 12 staff members and boasts a robust database of 400,000 energy professionals. In 2009, WorldwideWorker reported revenues of $2 million and has consistently maintained profitability throughout its operations.
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Industry Overview
The energy industry in the Middle East, particularly in countries like the UAE, plays a crucial role in the global energy market. Driven by vast oil reserves, the region has emerged as a key player both in traditional energ
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Dice Holdings
invested in
WorldwideWorker
in
in a Other Private Equity deal
Disclosed details
Transaction Size: $9M
Revenue: $2M