TimesJobs.com, which is owned by Times Business Solutions Ltd, has bought the entire resume database owned exclusively by the Cyber Media Group, following the latter’s decision to vacate the online recruitment space completely. However, the said data has no connection whatsoever to the database of Dice.com and/or CyberMediaDice.com. In 2004, the Cyber Media had created a joint venture with Dice Inc. to launch www.CyberMediaDice.com.
Commenting on this acquisition, R Sundar, CEO, Times Business Solutions Ltd, said, “This deal signifies emergence of a very strong relationship between two highly reputed and leading media houses. The complete integration of Cyber Media Group’s resume database of over 4.5 lakh candidates with TimesJobs.com shall provide these highly specialised and technologically skilled candidates with better career opportunities from more than 25,000 of TimesJobs.com clients, which include blue-chip companies from India and abroad.”
“We have acquired only the resume database of the Cyber Media Group, which will help us get a better and higher clientele. There are three major players in the online recruitment scene – Naukri.com, TimesJobs.com and Monster.com. Calculating the total database of TimesJobs.com, it comes at No. 2 after Naukri.com,” said a TimesJobs.com spokesperson.
Pradeep Gupta, Chairman, Cyber Media Group, explained, “Basically, CyberMediaDice.com was a joint venture between Cyber Media and Dice.com, a US-based jobs portal. A few months ago, Dice.com decided to exit India, so we bought the stake owned by it. But now we have decided to exit from the online jobs market as it has never been our core business. However, we decided to keep serving our registered users, so we have shifted our database to TimesJobs.com.”
TimesJobs.com’s focus to ensure candidate skills are showcased and matched suitably with the HR requirements of employers from diverse industries in a timesaving and cost-efficient manner that is core to its growth to leadership.
The technologists’ profiles from CyberMediaDice.com that have been integrated with TimesJobs.com range across highly seasoned CXOs to mid-level IT professionals and B.Techs with over five years’ work experience.