Online recruitment agency, Recruitment Genius, has acquired iEmploy.net for an undisclosed sum. The deal, the first of its kind in the online recruitment agency sector, is further testament to the momentum this sector is gathering as more and more businesses look for cost effective alternatives to traditional recruitment agencies.
iEmploy.net was previously a national, multi-sector online recruitment agency. Recruitment Genius will be working with iEmploy.net’s existing customer base, and partners, to ensure a smooth transition across. Existing iEmploy.net customers will benefit from Recruitment Genius’ enhanced service offering as well as a more favourable cost model. Recruitment Genius charges £199 compared to £499 iEmploy.net charged for a more basic service. In turn Recruitment Genius’ customers will benefit from the economies of scale being a larger entity brings thus enabling them to ensure their services remain so competitively priced.
Since launch Recruitment Genius has grown exponentially experiencing double digit growth in recent months. Small and large businesses alike have been attracted to the streamlined, more cost effective service which does not compromise quality or service. To date this impressive growth has been achieved organically. However, determined to achieve and maintain an even greater market share Recruitment Genius has set itself some challenging growth targets which will be achieved by the addition of some carefully selected strategic acquisitions.
Commenting on the deal Recruitment Genius chief executive, Geoff Newman, said: “In our first year of trading we placed thousands of jobs. This is no mean feat and a growth rate we are incredibly proud of. However, we recognise the value, and opportunity, which exists with online recruitment and are determined to stay ahead of the game. We were the first player to really shake up the recruitment industry but, in order to maintain that competitive position, we need to stay focussed and continue to gain market share. The acquisition of iEmploy.net enables us to expand our customer base and gain greater profits for our shareholders.