TMP Worldwide Merges Monster Board, OCC

New York City-based TMP Worldwide merged its online recruitment properties,
The Monster Board and Online Career Center, creating Monster.com, a global online network for
careers and career advertising.


TMP said the merger reflects its ongoing effort “to dominate the online
careers market space” and grow its Internet business. TMP’s Interactive
Division, of which Monster.com is the flagship business, posted revenue of
$31.7 million and an operating profit of $0.2 million for the first nine
months of 1998.


The new Monster.com blends the best features and services of The Monster Board
and Online Career Center sites. In addition, Monster.com features new services
for career-minded individuals to better manage their careers and for
recruiters to find qualified employees.


For job seekers, Monster.com now offers personalization, enhanced resume-
building and privacy options and career content, and for recruiters provides
real-time recruiting and resume screening capabilities.


Monster.com offers 145,000 job opportunities from thousands of companies and a
database containing more than 1 million resumes. The Monster.com network also
offers local content and language sites in Canada, the United Kingdom,
Netherlands and Australia, and has imminent launch plans in France, Germany
and Belgium.


Forrester Research has predicted spending on online recruitment advertising
will grow from $105 million in 1998 to $1.7 billion by 2003, TMP said.


“TMP is uniquely positioned to take advantage of the explosive growth in the
online careers marketspace,” said Bill Warren, president of Monster.com and founder of Online Career Center. “TMP’s ‘intern to CEO’
strategy provides career solutions at all levels of experience to job seekers
and employers, and the company continues to find synergies between its online
and traditional core businesses, which include recruitment advertising and
executive search and selection.”

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