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Stepstone Acquires French Job Site Sourcea.fr

Stepstone Acquires French Job Site Sourcea.fr

Online recruiting site StepStone has acquired Sourcea.fr, a leading French niche market job board focused on telesales, banking, marketing and secretarial services. This acquisition marks StepStone's first acquisition in the French market since 2000, and will complement the company's existing French businesses, which includes job board StepStone.fr and StepStone Solutions France. Founded in 2000 by Boris Gourmelen, Sourcea.fr typically carries over 2,500 job vacancies across several niche sectors. StepStone has acquired Sourcea for an initial consideration of EUR 1.5 m, to be settled in cash, together with further payments in 2009 dependent upon financial performance in 2008. Boris Gourmelen will stay with the business and continue to lead his team of 15. Sourcea.fr will continue to operate as a separate online property alongside StepStone.fr, which will provide complimentary job board resources and related services. Colin Tenwick, CEO of StepStone, said: "France is one of the most important job markets in Europe and we are delighted to strengthen the position of our business by acquiring Sourcea. The acquisition enables us to widen our strategy of acquiring successful online job board properties and utilizing our expertise and resources to accelerate their market positions, and consolidate our leadership in France, which we believe offers considerable growth potential. I am confident that the local expertise of the new members of the StepStone team will make a significant contribution to our success in 2008."
Hunt-Scanlon Corporation

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