Monster Worldwide, Inc. (NYSE:MWW) today announced the expansion of its Finnish joint venture with Alma Media to include Eastern Europe and the Baltics creating a new regional career services leader. The collective capabilities and focus of these two companies, along with additional investment, will enable stronger market development and greater client benefit across the region. The joint venture, to be renamed Alma Career Oy, will now include the following:
- Remaining in the Joint Venture – Monster Finland, the market leader in Finland, will remain in the joint venture and will continue to operate using the Monster name and technology platform;
- Alma Media Contributions – Alma Media will contribute businesses comprising the market leaders in the Czech Republic, Slovakia, Croatia and the Baltic countries of Estonia, Latvia and Lithuania;
- Monster Contributions – Monster will contribute its online careers operations in the Czech Republic, Hungary and Poland, all of which will continue to operate using the Monster name and technology platform.
About Alma MediaAlma Media is a media company focusing on digital services and publishing. In addition to news services, the company's products provide useful information related to lifestyle, career and business development. The services of Alma Media have expanded from Finland to the Nordic countries, the Baltics and Central Europe. The company employs approximately 1,900 professionals (excluding distributors), of whom over 20% work outside Finland. Alma Media's revenue in 2012 totaled approximately MEUR 320. Alma Media's share is listed on NASDAQ OMX Helsinki. Read more at www.almamedia.com. About Monster Worldwide Monster Worldwide, Inc. (NYSE:MWW), is the global leader in successfully connecting job opportunities and people. Monster uses the world's most advanced technology to help people Find Better, matching job seekers to opportunities via digital, social and mobile solutions including monster.com®, our flagship website, and employers to the best talent using a vast array of products and services. As an Internet pioneer, more than 200 million people have registered on the Monster Worldwide network. Today, with operations in more than 40 countries, Monster provides the broadest, most sophisticated job seeking, career management, recruitment and talent management capabilities globally. For more information visit about-monster.com.