Dice Buys Out Vertical Jobs Site AllHealthcareJobs.com For $2.8 Million
This story was written by Rafat Ali.
Dice Holdings, the tech, finance and vertical jobs service, has bought out healthcare jobs site AllHealthcareJobs.com, for an initial cash consideration of $2.8 million, and 205,000 shares of the publicly traded company. Additionally, up to $1.0 million could be paid out depending on the performance over the next two years. Dice has been trying to diversify from its usual base of tech and financial jobs, as the economy hit those two sectors particularly hard. This new acquisition it in line with that. Dice reported drastically lower revenues in Q109: $29.6 million, a decline of 25 percent from $39.6 million in the year ago quarter in Q108, mainly due to a significant decline in its flagship sites Dice.com and eFinancialCareers.
AHJ was launched in 2006, and from the looks of it, really needs a redesign, if nothing else. More details in the release.
By Rafat Ali