LMC, Subsidiary of Alma Career, Acquires a Czech Start-up to Reinforce IT Recruitment Services
Alma Media Corporation Press release 7 January, 2021
LMC, SUBSIDIARY OF ALMA CAREER, ACQUIRES A CZECH START-UP TO REINFORCE IT RECRUITMENT SERVICES
A leading recruitment service company in the Czech Republic LMC s.r.o, a member of the Alma Media Group and a subsidiary of Alma Career Oy, has acquired a Czech start-up Quantiq s.r.o. The company’s SaaS-based recruitment service Techloop.io is a niche portal designed for IT professionals and businesses. The parties have agreed not to disclose the price of the transaction.
Founded in 2016, Quantic’s revenue in 2020 was approximately EUR 0.3 million.
Techloop’s algorithm-based service analyses quickly and efficiently registered applicants’ online profiles and matches them with listed IT vacancies. With own developed matching algorithm, the service also enables the comparison of open positions with the candidate’s search criteria and recommends the vacancies best suited for the jobseeker’s skills. Techloop’s revenue model is based on subscription fees, job postings and recruitment consultancy.
- Disruptive job board models and niche portals, particularly in the IT sector, are highly interesting and growing target areas in Alma Career’s strategy. As digitalisation progresses, the demand for IT professionals will increase, and we believe that niche recruitment verticals like Techloop will play an increasingly important role in job searches, says Vesa-Pekka Kirsi, Senior Vice President, Alma Markets.
The acquisition of the Techloop service will reinforce the e-recruitment services of LMC. The company has an established sales network for businesses as well as a regular visitor-base in its job boards in the Czech Republic.
For more information, please contact:
Vesa-Pekka Kirsi, SVP, Alma Markets, tel. +358 (0)10 665 2587
Alma Media in brief
Alma Media is a dynamic digital service business and media company with a strong capacity for renewal. The company’s best-known brands are Kauppalehti, Talouselämä, Iltalehti, Etuovi.com and Monster. Alma Media builds sustainable growth expanding its offering from media to related digital services fulfilling the needs of users’ everyday life as consumers and as professionals in business. Alma Media operates in 11 countries in Europe. Alma Media employs approximately 1,500 professionals. Alma Media’s revenue from continuing operations was EUR 250.2 million in 2019. Alma Media’s share is listed on NASDAQ Helsinki. Read more at www.almamedia.com