jobing.com acquires workmetro
February 4th, 2008
The rumors are true. Jobing.com has acquired WorkMetro.
This is Jobing’s ninth acquisition and keeps in line with their DNA of taking over local niches, most notably Local Careers and CanJobs last year. WorkMetro currently operates 22 markets around the U.S., all helping Jobing expand its footprint nationally, particularly on the east coast.
Said Jobing CEO Aaron Matos:
Jobing.com is excited to add the WorkMetro business to our portfolio as we continue to bring together leading companies in the local recruitment space.
Fixing WorkMetro will not be without its challenges though. The company had apparently fallen on tough times in the past few years with little consistency in management who probably bit off more than was chewable. If anonymous comments on Cheezhead are to be believed, the problems go pretty deep.
Jobing also inherits some decent search rankings and traffic, a client database and years of job seeker data. It’ll be interesting to see how the site - and the entire Jobing portfolio, for that matter - evolves under new ownership.
February 4th, 2008 at 8:21 pm
Another local board bites the dust. Its clear from recent purchases that Jobing is pursuing the “national” job market. No doubt the Monsters and CB’s should be worried. Joel it would be interesting to know how they valued this deal considering that WorkMetro wasnt profitable.
February 4th, 2008 at 11:32 pm
Always exciting to see Jobing.com grow! One thing has always remaind the same at Jobing.com though; it’s all about being local.
February 5th, 2008 at 9:54 am
As mentioned in the previous entry, this is exciting and it is a privilege to be a part of it! Go Jobing!!!
February 5th, 2008 at 9:25 pm
where is jobing.com’s corporate offices??? I though they were on the east coast.
February 6th, 2008 at 1:25 am
Hi Mike,
Look at this link:
http://phoenix.jobing.com/about_locations.asp
This will show you each of the current Jobing.com locations.
February 22nd, 2008 at 2:19 pm
I second what “A Jobing” stated above! It’s always great to see our company grow. In response to Chrisr: You are correct that the big boys should be worried, but not because we have any intent on “going national.” They should be worried because we are closer to the clients than they are, offer far better service than they do, and reach huge numbers of small and mid-sized businesses - the source of over 80% of all new employment opportunities in the U.S.
We’ve continued our local expansion through 18 markets and 9 acquisitions. Our model works. If it ain’t broke, don’t fix it! ;-)
February 24th, 2008 at 2:40 pm
Jobing keeps buying but is Jobing profitable. I would like to be a fly on the wall when the Investors talk about what Jobing has been doing in reference to revenue. With the economy going into a nosedive and many of the markets bringing in less $$$$ - what is the future of Jobing? Continue growth at the current rate or hold back until the election and see what happens. Only the execs and board will show this true future.
February 25th, 2008 at 8:46 pm
John,
Most successful recruitment websites are in the business of putting the newspapers out of business. If you look at the employment advertising space as a whole, the economic situation should have minimal impact on the big players as well as companies such as Jobing who has had phenomenal growth in many economic situations. This is a multi-billion dollar industry and while some sectors are struggling, many companies are still looking for innovative and effective ways to recruit talent in a tight employment market. As long as the newspapers have such a large share of recruitment dollars, the meaningful recruitment advertising websites will be just fine.
Also…to say the economy is “going into a nosedive” is a bit of a stretch.
April 2nd, 2008 at 11:44 pm
Workmetro laid off EVERYBODY under executive staff. Jobbing purchased a BARELY viable database containing not only a limited number of current resumes, but a bunch of pyramid “job postings.” I hope that the purchase price was very low because there was little to no value in workmetro. My best wishes that Jobing makes smarter and better-researched purchases in the future. My best wishes to Jobing: I hope you are everything Workmetro pretended to be. Make a SMART choice and ‘lay off’ the entire existing executive staff of Workmetro and keep what’s valuable to you.