Jobberman acquires 100% of its competitor, Ngcareers, for an undisclosed sum
Jobberman Nigeria, a recruitment firm reveals that it has acquired Ngcareers, an online platform for job vacancies and recruitment company.
Founded in 2009 by Paul Eze and Andrew Eze, Ngcareers reportedly grew from a few hundred users to over 1 million users in Nigeria in 2019.
Jobberman Nigeria and @ngcareers have reached into an agreement where Jobberman acquires 100% of https://t.co/vWvFYIKjnO. We are coming together to give you more. Read more here > https://t.co/SlXGxXE69a#Jobberman #Africa #Marketplaces pic.twitter.com/dfPQGtz9fD
— Jobberman Nigeria (@Jobbermandotcom) September 3, 2020
Upon the completion of the deal, both companies will continue to operate independently under parent company, ROAM Africa. However, according to the company, the goal is for both organisation to function solely under Jobberman.
Since their launch in 2009, both Jobberman Nigeria and Ngcareers have helped bridge the unemployment gap and drive growth of the Nigerian workforce.
The companies achieve this by providing millions of young people access to career development tools, opportunities, professional, and vocational skill development.
With the acquisition, Jobberman Nigeria and Ngcareers aim to reach more than one million Nigerians every month. It will also help Ringier One Africa Media, Africa (ROAM), the owner of Jobberman Nigeria to further consolidate the Nigerian job market.
“Ngcareers is one of the top job portals in Nigeria. With this acquisition, we have the opportunity to widen our scope in Nigeria and show our long-term commitment to the market. It will give us a stronger bigger platform and enable us to create better digital services for our customers,” says Hilda Kabushenga Kragha, CEO of Jobberman Nigeria.
Paul Eze, co-founder and CEO of Ngcareers also has this to say about the acquisition:
“After a thorough evaluation of the different strategic options for Ngcareers, we are pleased to divest this successful business to Jobberman Nigeria, a strategic and committed owner.”
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