CareerBuilder, one of America’s largest job and recruitment companies, has just acquired Vietnam Online Network (VON) for an undisclosed amount.
Founded in 2007, VON operates one of the largest job recruitment website in Vietnam. According to TechInAsia, the acquisition deal only includes just two of VON’s four main sites: HRVietnam and KiemViec. In 2012, VON sold one of its other sites, Yume, to Nhom Mua, Vietnam’s once-leading daily deals site. The other online property, Tim Nhanh, is not part of today’s acquisition and will be split off, leaving VON’s principal investor, DFJVinaCapital, looking for another buyer for that site.
KiemViec boasts over 1 million registered users and attracts over 400,000 unique visitors per month. CareerBuilder on the other hand, has over a million jobs and 24 million unique visitors.
The acquisition will see CareerBuilder strengthening its presence in Asia. In Asia, CareerBuilder is already present in acquisitions and partnerships in China, Hong Kong, Singapore, Indonesia, South Korea, and India. Closer to home, Singapore based top jobs recruitment site JobsCentral was also acquired by CareerBuilder back in May 2011.
By 2015, CareerBuilder plans to enter all the major markets in Asia, sending a signal that prospective acquisitions might also be in talks in countries which CareerBuilder is looking at entering. That probably includes Taiwan, Thailand, Japan or Australia.
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