Zoopla Property Group Plc – Announcement of Intention to Float on the London Stock Exchange

May 22, 2014 — Fusion DigiNet

zooplapropertyAnnouncement of Intention to Float on the London Stock Exchange

Zoopla Property Group Plc (the “Company” and together with its subsidiaries, “ZPG”, or “the Group”) today announces its intention to proceed with an initial public offering (the “IPO” or the “Offer”). The Company intends to apply for admission of its ordinary shares (“Shares”) to the premium listing segment of the Official List of the UK Listing Authority (“UKLA”) and to trading on the main market of the London Stock Exchange (“LSE”) (together, “Admission”). The Offer will comprise an offer of Shares to institutional investors (the “Institutional Offer”) and to the Group’s eligible members (the “Member Offer”).

ZPG is an established digital media business operating in the broader UK property market by providing property search and research services to consumers and property marketing and data services to property professionals (estate agents, letting agents and new home developers).

The Group owns and operates a number of leading UK online property portals with a portfolio of brands. These portals provide consumers with the resources to search for property and research the property market, and property professionals with a platform on which to market their listings and connect with consumers. The Group’s own brands include Zoopla, PrimeLocation, SmartNewHomes and HomesOverseas and the Group also powers the property search function for a number of leading third-party websites and mobile applications in the UK.

Alex Chesterman, Founder & Chief Executive Officer of Zoopla Property Group said: “We are delighted to be bringing ZPG to market following a number of years of strong growth and having built a market-leading proposition for both our users and members (being estate agents, letting agents and new home developers). In addition, we are excited to be able to offer the opportunity to our members to participate in the Offer and become shareholders in the business as part of this process.“

“In 2008 we set out to provide consumers with the most useful online property resources and to be the most effective partner for property professionals in the UK. Today, with over 40 million visits per month to our websites and mobile applications, generating over 2 million enquiries every month for our members, ZPG has become an indispensable link in the property search process for consumers and the property marketing process for professionals across the UK.“

“We have built strong and trusted brands with high engagement levels across our platform as a result of our passion for innovation and differentiation and our mission of becoming the consumer champion in the UK property market. I am very proud of what the team has achieved to date and we are incredibly excited about the opportunities ahead to continue to grow our brands and business. We’re confident about our future as we embark on the next stage of our development as a public company on the London Stock Exchange.“

The Group is also pleased to announce the appointments of Mike Evans as Non-Executive Chairman, in addition to Duncan Tatton-Brown as senior independent director and Sherry Coutu as a non-executive director to the Board of ZPG (see Board Biographies below).

Commenting on the recent Board appointments, Alex Chesterman said: “I am delighted to welcome Mike, Duncan and Sherry to the Board of Zoopla Property Group. The fact that we have attracted Non-Executive Directors of their calibre is testament to the strength of our business. I am looking forward to working closely with each of them and utilising their insight and experience which will be incredibly valuable as we move into life as a public company.“

Mike Evans, Non-Executive Chairman of Zoopla Property Group said: “I am very excited to be joining Zoopla Property Group as Chairman. Alex and his experienced team have built a very impressive business with a proven track record of delivering exceptional financial results and are passionate about continuing to innovate and grow the ZPG brands in a sustainable way by focusing on generating further value for both its members and consumers. I look forward to working with the other Board members and the management team as we take ZPG through its next phase of development in the public market.“

Business Highlights

A leading market position in an industry with high barriers to success for new entrants

  • ZPG has reached strong market penetration levels – approximately 90 per cent of the total inventory of residential property listings from property professionals in the UK, with approximately 19,000 subscribing members
  • In the half year ended 31st March 2014, the Group attracted an average of approximately 40 million visits per month to the Group’s websites and mobile applications
  • Strong brand awareness – the Zoopla brand enjoys 76 per cent prompted national brand awareness in the UK according to a recent brand survey conducted by Harris Interactive
  • Long-term strategic relationships with many of the leading property professionals in the UK
  • Exclusive distribution partnerships with some of the leading media businesses in the UK

Proven track record of innovation and differentiation

  • Provides users with unique features and content to empower them and provide valuable insights into the UK residential property market
  • A superior user experience with compelling functionality and rich data
  • Through continued product development and innovation, the Group has become a key destination of choice for property consumers and a marketing platform of choice for property professionals in the UK
  • ZPG has accumulated a significant database of information on over 28 million residential properties across the UK, enhanced by proprietary user-generated content on over 9 million UK homes and continues to build one of the most valuable datasets on the UK residential property market

Compelling member proposition

  • Provides members with valuable tools and services to enable them to market their listings and win more business
  • Subscription services provide compelling value and a strong return on investment for members
  • Member tools allow property professionals to track, manage and communicate real time with transaction-ready users, helping to measure and quantify the value created by the Group’s leads
  • Well-positioned to create additional value for the Group’s growing member base and grow revenues in the future
  • Strong growth, high margin recurring subscription-based model with excellent cash generation
  • Strong top-line growth underpinned by a superior value proposition offered to members
  • Revenue is principally comprised of subscription fees charged to members on a monthly basis representing c. 86 per cent of total revenues in the year ended 30 September 2013
  • Business model characterised by a high profit margin and low capital expenditure requirements, leading to exceptional operating cash conversion of approximately 100 per cent for the year ended 30 September 2013
  • Entrepreneurial management team with exceptional proven experience
  • Agile and lean management structure, ensuring that the senior management team remains close to its members, users and their colleagues
  • Senior management team has a track record of delivering cost-effective organic growth and successfully integrating acquisitions within a short timeframe

Growth Prospects

The Group has a number of strategic priorities to continue driving growth in the business, including:

  • Delivery of its core strategy of providing superior value to members and increasing membership to the platform
  • Launching additional products and services for its members
  • Leveraging its strong brands and platform within other areas of the property sector including the commercial and overseas property markets
  • Utilising its proprietary dataset to enhance its products and services and monetising such data by providing unique insights into the property market
  • Providing further property-related services to its large audience of users as the consumer champion in the property market

Overview of the Offer

  • The Group has a diverse shareholder base including a number of key shareholders who hold approximately 93 per cent of the Shares in the Company between them. The Offer is expected to comprise a sale of Shares held by key shareholders including DMG Media Investments, Atlas Venture Fund VII, L.P, Alex Chesterman, Countrywide Plc, LSL Property Services Plc, Connells Limited, Simon Kain and Octopus Zenith LP (together, the “Selling Shareholders”). In addition, a number of smaller shareholders are expected to sell some of their Shares in the Offer.
  • The Offer comprises the sale of secondary shares only and will provide the Selling Shareholders with an opportunity for a partial realisation of their investment in the Company. The Company will not be issuing any new shares to investors or members in connection with the Offer.
  • Following completion of the Offer, it is expected that the UK Listing Authority’s minimum free float requirements will be satisfied, resulting in the Company having a free float of at least 25%.
  • The Offer is being made by way of:
    • the Institutional Offer by the Selling Shareholders: (i) to institutional investors in the United Kingdom and elsewhere outside the United States in reliance on Regulation S and in accordance with locally applicable laws and regulations, and (ii) in the United States, only to Qualified Institutional buyers in reliance on Rule 144A or pursuant to another exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act of 1933; and
    • the Member Offer in the United Kingdom by certain of the Selling Shareholders to existing subscribing members (being estate agents, letting agents, new home developers and franchisors) of the Group’s services (together the “Eligible Members”). Each Eligible Member will be contacted individually to explain how to participate in the Member Offer.
  • Pursuant to the Member Offer, each Eligible Member will be entitled:
    • To apply to purchase, per each branch or development advertised with ZPG, up to £2,500 worth of shares at a 20 per cent discount to the offer price (the “Offer Price”) in the IPO; and
    • the option to purchase, one year following Admission, per each branch or development, an additional amount up to the amount subscribed for at the IPO, at a 20 per cent discount to the Offer Price, provided Eligible Members remain continuing subscribing members of the Group’s services during the period up to and on exercise of the option one year after Admission.
  • The Company, its Directors and the Selling Shareholders will agree to customary lock-up arrangements in respect of the issue, sale or other transfer of Shares (as applicable) for the following specified periods of time following Admission:
    • Alex Chesterman, Simon Kain, Stephen Morana, certain other members of senior management and the Board will be subject to a 365 day lock-up; and
    • the remaining Selling Shareholders and the Company will be subject to a 180 day lock-up.
  • It is intended that an over-allotment option of up to 15 per cent of the total offer size will be made available by certain of the Selling Shareholders
  • It is expected that Admission will take place in June 2014 and that, following Admission, the Company will be included in the FTSE UK Index Series (in the FTSE 250, with a Media super-sector classification).
  • In relation to the Offer and Admission, Credit Suisse Securities (Europe) Limited (“Credit Suisse”) and Jefferies International Limited (“Jefferies”), are acting as Joint Global Co-ordinators, Joint Sponsors and Joint Bookrunners. Canaccord Genuity Limited (“Canaccord Genuity”) is acting as Co-Lead Manager.

UK, London

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Stepstone acquires Jobsite from dmgmedia for £90M

May 22, 2014 — Fusion DigiNet

stepstone-logo-100pxAxel Springer’s recruitment business Stepstone is acquiring Jobsite from dmgmedia. The purchase price is approximately EUR €110 million (£90 million). The completion of the transaction is conditional on clearance by the UK Competition and Markets Authority.

Based in Havant, Hampshire, the company runs the job board jobsite.co.uk along with brands including CityJobs.com and eMedCareers.com. Jobsite launched in 1995 and has 169 employees.

Ralf Baumann, CEO of StepStone Group commented: “The acquisition of Jobsite is a valuable addition to our portfolio of leading jobsitejob boards and another step on our growth path. In a very competitive market, it is good to have largely complementary job boards in our portfolio. Our market-leading technology and know-how combined with Jobsite’s local expertise will provide additional growth potential for the entire group, and will help us create even more value for customers and candidates alike.”

Kevin Beatty, CEO of dmg media, said: “Jobsite has grown successfully since dmg media acquired the business in 2004. Following the disposal of OilCareers, Broadbean and Jobrapido in March and April 2014, this transaction will complete dmg media’s disposal of Evenbase and exit from the digital recruitment market, enabling dmg media to increase its focus on the core Mail businesses.”

During the year to 30 September 2013 the total revenues from Evenbase were £78 million and total operating profits were £11 million. Total proceeds from the disposal of Evenbase, including OilCareers, Broadbean and Jobrapido, are expected to be £150 million.

Along with StepStone, Totaljobs, Saongroup and YOURCAREERGROUP, Jobsite will be a new unit in the StepStone group.

UK, London & Havant, Hampshire

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Learning Technologies Group acquires games studio Preloaded

May 13, 2014 — Fusion DigiNet

ltgLearning Technologies Group plc, an e-learning company, has acquired Preloaded Limited for an initial consideration of approximately £2.2 million including anticipated cash in the balance sheet of Preloaded on completion of £1.47 million.

Preloaded was founded in 2000 and has a leading reputation as a BAFTA winning applied games studio, designing games to utilise the power of gaming to engage, educate and communicate in the areas of Learning, Health, Engagement and Training. Preloaded works for organisations across the education, entertainment, publishing, advertising and broadcasting sectors with clients including Amplify (a subsidiary of News Corp), Disney, Science Museum Group, Wellcome and the BBC.

In its unaudited management accounts for the year ended 31 March 2014, Preloaded generated revenues of £1.8 million, EBITDA of £0.59 million and profit before tax of £0.57 million. Net assets as at 31 March 2014 are estimated at £1.6 million.

LTG has agreed to acquire Preloaded for £2.2 million, to be satisfied by approximately £1.6 million in cash (of which £1.2 million will be paid upon completion and it is expected that £0.4 million will be paid during the first twelve months) and 3,125,000 ordinary shares (the “Consideration Shares”) in LTG. Further consideration of up to £3.4 million may be payable to be satisfied in ordinary shares, dependent on financial performance.

Jonathan Satchell, CEO of LTG, commented: “This exciting acquisition will bring additional skillsets, clients and talent to the Group, opening up a new avenue in the important discipline of learning games and simulations for LTG to satisfy the growing demand for e-learning.  Preloaded complements our existing businesses Epic and the recently acquired LINE and brings substantial opportunity to grow organically.”

UK, Brighton, West Sussex & London

 

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Keywords acquires Binari Sonori in Italy

May 9, 2014 — Fusion DigiNet

keywordsKeywords, an international technical services provider to the video games industry, is to acquire Binari Sonori S.R.L from its three founding shareholders: Fulvio Sioli, Fabio Minazzi and Andrea Ballista.

Binari Sonori is a provider of outsourced voice-over and translation services to the international video games market with operations in Milan, Italy and Los Angeles, California.  Founded in 1994, Binari Sonori focusses on high quality voice recording production (both original language and localised languages) and text translation and adaptation for leading video game publishers and developers.  Clients of Binari Sonori include Bandai Namco, Capcom, Fisher-Price, Microsoft Game Studios, Sony Computer Entertainment, Square Enix, Ubisoft and Warner Bros. Interactive Entertainment.

Keywords will pay an initial consideration of €6.0m in cash and €3.0m which will be satisfied by the issue of 1,555,650 new binariordinary shares of Keywords at a price of 158.77 pence per share (being the volume weighted average price over the five business days (in both London and Milan) immediately preceding the date of this announcement).  Deferred consideration, which will not exceed a total of €4.0m, will be calculated by reference to the profit before interest and tax of Binari Sonori in the years to 31st December 2014 and 31st December 2015.  Deferred consideration will be satisfied by the Group as to at least 50 per cent in cash (or, at the Group’s discretion, any greater proportion in cash up to 100%) and the balance (if any) by the allotment of new ordinary shares in Keywords at the relevant volume weighted average price over the five trading days immediately prior to the relevant payment date. 

In addition to the consideration referred to above, the Selling Shareholders will receive an additional €2,622,409 at completion in respect of an agreed excess net cash position in Binari Sonori.

Completion of the Acquisition will occur upon the notarisation of a transfer deed and receipt of funds by the Selling Shareholders, both of which are expected to occur later today.  A further announcement will be made when completion has occurred.

The Selling Shareholders will be subject to a lock-in period of approximately 4 months with respect to the Consideration Shares, subject to certain exceptions, followed by an orderly market restriction for a further 12 month period.  Any shares in Keywords issued as part of the deferred consideration referred to above will be subject to an additional 12 month orderly market restriction from the date of issue.  Each of the Selling Shareholders will continue as a director of Binari Sonori.

Binari Sonori’s accounts for the 12 months to 31st December 2013 show that it achieved revenues of €10.2m and profits before tax of €0.8m; it had net assets of €3.7m including accumulated cash balances of €3.6m.

Andrew Day, Chief Executive of Keywords Studios, commented: “The acquisition of Binari Sonori extends our geographical reach and considerably enhances our position in audio services and text localisation, particularly in the top quality end of the market for AAA games such as well-known titles including Batman: Arkham Origins, Dead Rising 3, Final Fantasy XIV Online and the Fable series.  This market has received a major boost from the recent launches of the Xbox One and PlayStation 4 which encourage larger games with even higher quality and richer content than before. We are delighted to have received strong support from new and existing institutional investors for this Placing. The two acquisitions made earlier this year have been further complemented by this acquisition of Binari Sonori, and the Placing allows Keywords to continue to be seen as an attractive acquirer of further, selective bolt-on acquisitions.”

Ireland, Dublin & Italy, Milan

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dmg media sells Jobrapido and Broadbean to Symphony Technology Group

April 6, 2014 — Fusion DigiNet

evenbaseEvenbase, dmg media‘s digital recruitment business, has disposed of its job distribution software business, Broadbean, to CareerBuilder and its job search engine, Jobrapido, to Symphony Technology Group. These disposals follow the disposal of the specialist recruitment job board, OilCareers, to Dice Holdings, Inc. in March 2014.

Kevin Beatty, CEO of dmg media, said: “CareerBuilder is a premiere HR Software as a Service (SaaS) provider, specialising in talent management software and deep labour market intelligence. Broadbean’s SaaS offering for job distribution, candidate sourcing and big data analytics is a natural complement. The terms of the deal were not disclosed.

During the year to 30 September 2013 the total revenues from the three businesses, Jobrapido, Broadbean and OilCareers, were £47 million and total operating profits were £6 million.

USA, Palo Alto, CA & UK, London

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dmg media sells specialist recruitment job board OilCareers

March 19, 2014 — Fusion DigiNet

evenbaseEvenbase, dmg media’s digital recruitment business, has disposed of the specialist recruitment job board, OilCareers, to Dice Holdings, Inc. for US$26 million.

Kevin Beatty, CEO of dmg media, said: “OilCareers has grown successfully since Evenbase acquired the business in 2008, achieving US$8 million of revenue in the year to September 2013. OilCareers and Dice Holdings’ Rigzone, a market leader in delivering online content, data, advertising and career services in the oil and gas industry, are complementary businesses and the strategic fit will better position OilCareers for further growth.”

USA, New York, NY & UK, Hampshire

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UBM reports a 10 percent rise in full-year profit

February 28, 2014 — Fusion DigiNet

UBM Plc has announced results for the year ending 31st December 2013

For full details and financial notes, click here.

  • Revenues from continuing operations up 3.2% to £793.9m; organic revenue growth of 3.7%
  • Adjusted operating profit from continuing operations up 6.3% to £186.3m; margin of 23.5%
  • Continuing fully diluted adjusted EPS up 12.8% to 53.6p
  • Total China revenues up 21% to £174.8m from £144.5m with strong annual and biennial event performance
  • Events organic revenue growth of 6.3%; operating profit, up to £148.9m, margin of 32.2%
  • PR Newswire 1.9% underlying growth and 22.6% margin
  • £22.7m exceptional charges reflect Marketing Services restructuring and the implementation of new UBM-wide finance and reporting system
  • Final dividend of 20.5p proposed; total 2013 dividend of 27.2p (2012:26.7p), up 1.9%
  • Leverage improved to 2.2x Net Debt/ EBITDA (2012: 2.5x)

UBM Results Dec 13 v2Click on the table for an enlarged view

David Levin, UBM’s Chief Executive Officer, commented:

“2013 was a year of strategic progress and operational achievement for UBM against a difficult economic backdrop; the company can look forward to 2014 with confidence.

2013’s good revenue and profit growth was bolstered by a strong performance from our biennial events in the second half of the year. PR Newswire had a solid year in its core business and maintained its strong profitability. We disposed of our Data Services business and substantially restructured our Marketing Services activities to focus on the professional communities our events serve. We end the year with significantly higher quality earnings and with the business better positioned for structural growth.

Our strategy to develop UBM as an events-led marketing services and communications business is proving successful. The growing strength of our Events business — focused particularly on large events, and our strong presence in China and other growth markets — continues to affirm our strategic choices and to demonstrate live media is an increasingly significant component of business to business marketing programmes. PR Newswire has retained its leading, premium position in the online news and content distribution market, and is well placed to prosper in the emerging world of digital content marketing.”

UK, London

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Reed Elsevier PLC – Results for the year to December 2013

February 28, 2014 — Fusion DigiNet

Reed ElsevierReed Elsevier has announced its results for the year ending December 2013.

 

Reed Elsevier results 2013Click on the above table for a full screen view

Highlights

Revenue of £6,035m/€7,121m; underlying growth +2% (+3% excluding biennial exhibition cycling): The overall underlying growth rate of +3% reflects +5 to +7% growth in electronic and face-to-face revenues, which now account for 81% of the total (2012: 79%), partially offset by continuing print revenue declines.

Adjusted operating profit £1,749m/€2,064m; underlying growth +5%: Underlying operating profit growth across Reed Elsevier reflects a combination of process innovation and portfolio development. Reported operating profit, after amortisation of acquired intangible assets, was up +3% to £1,376m/down -1% to €1,624m.

Return on invested capital 12.1%, up by 0.4%pts on 2012: The ROIC increase was driven by the increase in adjusted operating profit.

Interest and tax: Adjusted net interest expense was £39m lower at £177m (€56m lower at €209m) reflecting the benefits of term debt refinancing initiatives over the last 18 months. The adjusted effective tax rate was unchanged at 23.5%.

Adjusted EPS up +9% to 54.0p for Reed Elsevier PLC; up +5% to €0.99 for Reed Elsevier NV; constant currency growth +7%: Reported EPS growth was +9% to 48.8p for Reed Elsevier PLC, +5% to €0.91 for Reed Elsevier NV.

Equalised full year dividend up +7% to 24.60p for Reed Elsevier PLC; up +8% to €0.506 for Reed Elsevier NV: The proposed average full year dividend growth rate is in line with adjusted EPS growth at constant currency rates. The proposed final dividend for Reed Elsevier PLC is up +6% to 17.95p following an +11% increase in the interim dividend. The proposed final dividend for Reed Elsevier NV is up +11% to €0.374, following a +2% increase in the interim dividend. The difference in interim and final dividend growth rates reflects exchange rate movements between the declaration dates. The Reed Elsevier PLC and Reed Elsevier NV full year dividends are covered 2.2x and 2.0x by adjusted EPS respectively.

Net debt / EBITDA 2.1x on a pensions and lease adjusted basis (unadjusted 1.6x): Net debt was £3.1bn/€3.7bn on 31 December 2013. Capital expenditure remained at 5% of revenues. The adjusted operating cash flow conversion rate was 97%.

Acquisitions & Disposals

In 2013 the company completed 20 small acquisitions of content and data assets across all market segments for a total consideration of £230m. They also completed the disposal of 26 assets for a total consideration of £331m. 

Chief Executive Officer, Erik Engstrom, commented, “In 2013 we remained focused on transforming our business profile and improving the quality of our earnings. We did this primarily through organic investment, supported by a small number of targeted acquisitions, and by exiting from several businesses that no longer fit our strategy. Early trends across our business in 2014 remain broadly consistent with 2013, and we are confident that, by continuing to execute on our strategy, we will deliver another year of underlying revenue, profit, and earnings growth”.

UK, London & The Netherlands, Amsterdam

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Wilmington Group – financial results for the six months ended 31 December 2013

February 25, 2014 — Fusion DigiNet

wilmington-logoWilmington Group plc, the provider of Information, Compliance and Education to professional markets today announces its interim results for the six months ended 31 December 2013.

 

Financial highlights

  • Adjusted EBITA increased 15% to £8.2m (2012: £7.1m)
  • Adjusted EBITA margin improved to 19.0% (2012: 17.4%)
  • Adjusted Profit before Tax was up 18% to £7.1m (2012: £6.0m)
  • Adjusted Earnings per Share were up 14% at 6.2p (2012: 5.5p)
  • Group revenues for the period increased 5% to £43.1m (2012: £40.9m)
  • Profit before tax at £3.7m (2012: £5.1m)
  • Deferred revenue increased by 23% to £19.2m (2012: £15.6m)
  • Resumption of progressive dividend policy; interim dividend increased from 3.5p to 3.6p

Operational highlights

  • Acquisition of Compliance Week
  • Growing international revenues; now 35% of consolidated revenue (2012: 29%)
  • Subscriptions and repeatable revenue at 77% (2012:77%)
  • Disposal of surplus freehold property for £700,000 in cash
  • Strong momentum in Banking & Compliance and Pensions & Insurance
  • Some challenging conditions in Healthcare and Legal markets

Current Trading

Trading in line with management expectations, outlook for 2014 remains unchanged

Wilmington also announced today that Charles Brady is to retire as Group Chief Executive. Until the right successor is in place, Brady will remain as CEO..

Mark Asplin, Chairman, said, “Wilmington has had a good start to 2014. Recent acquisitions have been integrated and are contributing to Group performance. Our bigger businesses Banking & Compliance and Pensions & Insurance are performing well with each enjoying strong organic growth. As expected, Legal had a difficult end to the Legal CPD year and continues to face challenging market conditions. There have also been strong competitive pressures in our Healthcare division but our prognosis for the medium term is encouraging with new products and potentially new markets opening up for us.

Given our solid performance overall I am pleased to report that we have decided to reinstate our progressive dividend policy. In addition, cash flow is strong enabling us to invest in important internal systems which will provide the foundation for future growth, re-engineer the way we interact with our customers and transform the way we run our businesses.

The overall trading environment has not changed significantly since the full year 2013 results announcement.  Wilmington is a well-balanced business which is increasingly international and, as we move into the second half, our financial performance is on track to support our current expectations for the full year.”

For full details and notes on the accounts, click here.

UK, London

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Monster Worldwide acquires TalentBin and Gozaik

February 24, 2014 — Fusion DigiNet

MonsterOnline employment business Monster Worldwide has acquired TalentBin, a social profile talent search engine, and Gozaik, a developer of social jobs aggregation and distribution technology. Terms of the transactions were not disclosed.

TalentBin, based in San Francisco, matches candidates to employers through a talent database drawn from candidate talentbinactivity on social websites, including Facebook, Twitter, Quora, Meetup, Github and Stack Overflow, and provides CRM tools to allow employers to efficiently manage candidate communications.

Gozaik, based in Boston, aggregates social job announcements and distributes broad and targeted job ads across social gozaikchannels, providing employers with the ability to find, engage and hire talent on Twitter.

Both acquisitions closed during the first quarter of 2014. Monster’s strategy briefing for investors is scheduled for May 14, 2014.

USA, New York, NY & Boston, MA & San Francisco, CA

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About Monster Worldwide

Monster Worldwide, Inc. (NYSE:MWW), is the global leader in successfully connecting job opportunities and people. Monster uses the world’s most advanced technology to help people Find Better, matching job seekers to opportunities via digital, social and mobile solutions including monster.com®, our flagship website, and employers to the best talent using a vast array of products and services. As an Internet pioneer, more than 200 million people have registered on the Monster Worldwide network. Today, with operations in more than 40 countries, Monster provides the broadest, most sophisticated job seeking, career management, recruitment and talent management capabilities globally. For more information visit about-monster.com.

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