DHI Group Inc. (NYSE: DHX) today announced that it has transferred majority ownership of its financial services career site eFinancialCareers to the site’s management team. DHI will retain a 40% equity interest in eFinancialCareers and have board representation.
DHI is based in Centennial, Colorado, and operates job boards Dice and ClearanceJobs.
“With the disposition of [eFinancialCareers], DHI will be solely focused on the technology career marketplace in the United States through our two brands Dice and ClearanceJobs,” said Art Zeile, CEO of DHI. “We believe this focus on technologists along with the positive bookings and revenue trends we are experiencing will create greater long-term value for our clients, candidates, employees and shareholders.”
Revenue for eFinancialCareers fell 22% in the first quarter excluding the impact of foreign exchange, DHI previously reported.
“With our continued strong bookings momentum in the second quarter, as well as the [eFinancialCareers] spinoff announced today, we expect total revenue growth for DHI Group on both a sequential and year-over-year basis for our second quarter ended [June 30],” said CFO Kevin Bostick.