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TheStreet Open House

CareerBuilder Acquires VON (KiemViec.com & HR Vietnam) In Vietnam

Stock quotes in this article: GCI, MNI

CHICAGO, March 26, 2013 /PRNewswire/ -- CareerBuilder continues to expand in the Asia market with the acquisition of VON (KiemViec.com & HR Vietnam) in Vietnam.  KiemViec.com is Vietnam's second largest career site by revenue, and first by number of registered users. HR Vietnam specializes in recruitment services and human resource solutions for employers. Together, CareerBuilder and VON will bring Vietnam's employers and workers a broader range of recruitment and job search resources.

Vietnam's high economic growth rate, averaging between 6-8 percent in the last ten years, coupled with an increasing Internet penetration rate (33 percent), make the market attractive for online recruitment.

"The acquisition of VON, provides CareerBuilder an accelerated entry into the Vietnam market – an important step in our Asian expansion," said Hunter Arnold, President of CareerBuilder Asia Pacific.  "The growth potential is high as we combine VON's expertise with Vietnamese employers and CareerBuilder's global reach and advance technology and services."

"We're very pleased to join the CareerBuilder family, which has a deep and broad suit of services and vast distribution network that will help us provide the best recruitment solutions to our clients and users," said Mr. Paul Nguyen, CEO of KiemViec.com and HR Vietnam. "Like CareerBuilder, KiemViec.com is more than just a job portal and we look forward to continue to help our clients find the right talent as well as our users find the right opportunity through new solutions and products."

With the acquisition, CareerBuilder now has a presence in 60 markets worldwide.

About VON (Vietnam Online Network)VON (Vietnam Online Network) owns and operates KiemViec.com and HR Vietnam. KiemViec.com is one of the largest job sites in Vietnam with over 1,000,000 registered jobseekers and attract more than 400,000 unique visitors per month. Through unique recruitment software, they provide employers with a custom career site, which helps enhance their employment brand and save recruitment dollars. HR Vietnam focuses on Head Hunting services and human resource solutions for employers.

KiemViec.com: http://kiemviec.com HR Vietnam: http://hrvietnam.com

About CareerBuilder®CareerBuilder is the global leader in human capital solutions, helping companies target and attract great talent. Its online career site, CareerBuilder.com®, is the largest in the United States with more than 24 million unique visitors, 1 million jobs and 50 million resumes. CareerBuilder works with the world's top employers, providing resources for everything from employment branding and talent and compensation intelligence to recruitment solutions. More than 10,000 websites, including 140 newspapers and broadband portals such as MSN and AOL, feature CareerBuilder's proprietary job search technology on their career sites. Owned by Gannett Co., Inc. (NYSE:GCI), Tribune Company and The McClatchy Company (NYSE:MNI), CareerBuilder and its subsidiaries operate in the United States, Europe, South America, Canada and Asia. For more information, visit www.careerbuilder.com.

Media Contacts:

CareerBuilder Michael Erwin1-773-527-3637 Michael.Erwin@careerbuilder.com http://www.twitter.com/CareerBuilderPR

SOURCE CareerBuilder

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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