More Industry Consolidation
Last week's rumors of an acquisition by onTargetJobs of the RegionalHelpWanted.com network of job boards and Cupid.com dating site proved to be true. It seems that niche job boards are consolidated almost as fast as they can be added. I have a lot of respect for the people behind both onTargetJobs and RegionalHelpWanted so this was a deal that really caught my attention. I am very confident that together they will deliver even greater value to their clients.
The parties did not disclose an acquisition price, but reports indicate that RegionalHelpWanted had revenues of about $35 million and that onTargetJobs paid about $100 million.
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