CyberMedia has entered into a joint venture with the US-based online recruitment service provider Dice Inc. Abraham Mathew, President, Cyber India Online Limited, says the JV has been christened as CyberMedia Dice Careers Limited and will be headquartered in Bangalore. The venture will focus on the growing technology recruitment sector in India and will become operational in the coming four months.
Mathew says the assets and operations of CyberMedia’s existing job board, CIOL Jobs.com, will be merged into the new entity. Dice currently has 55,000 technology jobs listed on its website based out of the US. CyberMedia’s existing online venture, the CIOL network, gets 7,50,000 unique visitors every month, making it India’s largest technology portal, while the jobs-specific arm of the network, CIOL Jobs, receives 1,20,000 unique visitors per month. The venture would tap the expertise of CyberMedia in India in the areas of technology and media, and of Dice in providing online recruiting services for technology and engineering professionals, he said.
Said Pradeep Gupta, Chairman and MD, CyberMedia, “Dice has maintained a leadership position for 14 years in online technology recruiting, and both customers and technology professionals recognise Dice.com as the No 1 technology-focused job board in the US. We believe that Dice will bring knowledge and expertise in online recruiting for technology professionals which is not available in the Indian market today, enabling us to create together a new service, different from other online recruiting services.”
Michael P Durney, Senior Vice-president and Chief Financial Officer, Dice Inc, said, “India is a growing force in the global technology field and a leader in providing highly educated technology and engineering professionals. Our mission with Cyber Media is to serve India-based companies, as their technology recruiting needs increase with the growth and evolution of the Indian economy.”