Mark Kelsey, CEO of Reed Business Information said: “RBI is increasingly focused on paid content and data services. Totaljobs Group has achieved the number one position in the UK, however to compete in an increasingly global market and fully achieve their future potential they will benefit from the scale, focus and international coverage that StepStone brings.”
Rob Perkins, CEO of Totaljobs Group said: “I am delighted by this move. Integrating Totaljobs Group into StepStone under the umbrella of Axel Springer Digital Classifieds GmbH is the perfect strategic fit. I firmly believe this will provide opportunities to accelerate our market growth and provide substantial benefits for our customers, jobseekers and employees.”
RBI has also recently announced its intention to sell Variety. This follows the divestment by RBI of its other US business magazines over the past three years.
Mark Kelsey said: “Variety is an iconic title serving the film and entertainment industry for more than 100 years. With RBI’s increasing focus on data services, and the sale of our other US print magazines, it now makes sense for us to sell the business. Variety has an incredibly talented team who have successfully innovated and expanded the franchise in industry news and analysis. I have no doubt the business will continue to thrive under new ownership.”
And, finally, RBI has also announced that it plans to sell Reed Business Information Australia. The decision to sell the business reflects RBI's increasing focus on paid content models and data services. RBI's construction information data business, Cordell, is to be retained.
Jeremy Knibbs, CEO of RBI Australia, said: "The business has been transformed over the last decade, embracing the opportunities of web-based advertising services and delivering strong growth in revenues and margin. RBI has been a good parent to us and we look forward under new ownership to build on the business' success in developing profitable multi-media advertising models."
Peter De Monnink, CEO of RBI Continental Europe and Asia Pacific, said: "RBI Australia has been very successful in developing online lead generation and multi-media advertising models, with the majority of its revenues now online. This is a testament to the culture of innovation in the company and the strength of the management team. I am confident that RBI Australia will continue to thrive as a leading provider of marketing solutions to its customers."
