TMP Worldwide Acquires Jobs.com URL and Trademark
Site to Serve as Umbrella Platform for Several Online Job Initiatives and Drive Increased Traffic to Monster
NEW YORK, Apr 18, 2002 (BUSINESS WIRE) — TMP Worldwide Inc. (NASDAQ: TMPW), the world’s leading supplier of human capital solutions, including the pre-eminent Internet career portal Monster(R), today announced that it has acquired the rights to the Jobs.com URL and trademark.
Considered by the Company to be the most intuitive keyword for online job seekers, Jobs.com received a monthly average of more than 400,000 unique visitors during the first two months of 2002, according to Media Metrix. TMP Worldwide acquired the Jobs.com URL and trademark and certain other assets for $800,000 in a court-approved bankruptcy auction.
TMP Worldwide’s initial plans call for the Jobs.com site to serve as an umbrella platform for several of the company’s existing and future online job board initiatives, providing TMP clients with even broader exposure to job seekers. A key current initiative is the TriState JobMatch.com service, which was recently introduced in Greater Cincinnati with plans for a future nationwide rollout. TriState JobMatch is designed to meet the employment needs of non-exempt (hourly) workers and the companies that employ them, a marketplace that currently makes up more than 70 percent of the U.S. Labor market and has a turnover rate four times greater than that of the exempt market.
Jobs.com CEO Peter Gudmundsson commented, “We found that the Jobs.com URL was a logical choice among job seekers. Combined with Monster’s expansive suite of services, the Jobs.com destination is bound to further enhance TMP’s leadership in the industry.”
In addition to driving qualified traffic to the TriState JobMatch service, Jobs.com will be used to provide online hourly-wage job placement services to potential newspaper partners in smaller areas which fall outside the major markets targeted by the new service.
TMP Worldwide also plans to provide state unemployment departments around the country with the ability to host their respective job posting websites through Jobs.com. Sites hosted for these government agencies will be populated with jobs through the use of TMP’s FlipDog information extraction technology, and the company is currently negotiating with several specific states to establish this service.
“Jobs.com is a desirable URL and it speaks directly to the mission of TMP and Monster,” said Jeff Taylor, Founder and Chairman of Monster. “As traffic numbers to online career sites surge, in a testament to their effectiveness, we feel this is another step to providing job seekers access to our industry-leading career management tools and services.”
“Jobs.com will serve as a launching pad for TMP interactive properties and will increase overall traffic to Monster and FlipDog by serving as a gateway to our full suite of online job solutions,” said Jim Treacy, President and Chief Operating Officer of TMP Worldwide. “The broad, generic appeal of Jobs.com maps perfectly to our `intern to CEO’ strategy of serving the entire spectrum of online job-seekers, and we see it playing a significant role in a number of existing and future online job initiatives.”
About TMP Worldwide
Founded in 1967, TMP Worldwide Inc., with more than 11,000 employees in 32 countries, is the online recruitment leader, the world’s largest Recruitment Advertising agency network, and one of the world’s largest Executive Search & Executive Selection agencies. TMP Worldwide, headquartered in New York, is also the world’s largest Yellow Pages advertising agency and a provider of direct marketing services. The Company’s clients include more than 90 of the Fortune 100 and more than 480 of the Fortune 500 companies. In June 2001, TMP Worldwide was added to the S&P 500 Index. More information about TMP Worldwide is available at www.tmp.com.
Monster, headquartered in Maynard, Mass., is the leading global careers website, recording over 43 million unique visits during the month of March 2002 according to independent research conducted by I/PRO. Monster connects the most progressive companies with the most qualified career-minded individuals, offering innovative technology and superior services that give them more control over the recruiting process. The Monster global network consists of local content and language sites in the United States, United Kingdom, Australia, Canada, the Netherlands, Belgium, New Zealand, Singapore, Hong Kong, France, Germany, Ireland, Spain, Luxembourg, India, Italy, Sweden, Norway, Denmark, Switzerland, Finland and Scotland. Monster is the official online career management services sponsor of the 2002 Olympic Winter Games and 2002 and 2004 U.S. Olympic Teams. More information about Monster is available at www.monster.com or by calling 1-800-MONSTER.