NEW YORK, Jan. 28, 2016 /PRNewswire/ -- DHI Group,
Inc. (formerly known as Dice Holdings, Inc.) (NYSE: DHX) ("DHI" or
the "Company"), a leading provider of data, insights and employment
connections through our specialized services for professional
communities including technology and security clearance, financial
services, energy, healthcare and hospitality, today announced that
it completed the sale of its Slashdot and SourceForge businesses
(together referred to as "Slashdot Media") to BIZX, LLC in a
transaction that closed on January
27, 2016. Financial terms were not disclosed.
DHI first announced its plan to sell Slashdot Media in
July 2015 as part of its strategy to
focus on its core brands, as Slashdot Media no longer fits within
the Company's core strategic initiatives.
KeyBanc Capital Markets Inc. served as the Company's exclusive
financial advisor for the transaction.
Investor Contact
Jennifer Milan
Director, Investor Relations
DHI Group, Inc.
212-448-4181
ir@dhigroupinc.com
Media Contact
Rachel Ceccarelli
Director, Corporate Communications
DHI Group, Inc.
212-448-8288
media@dhigroupinc.com
About DHI Group, Inc.
DHI Group, Inc. (NYSE: DHX)
(formerly known as Dice Holdings, Inc.) is a leading provider of
data, insights and connections through our specialized services for
professional communities including technology and security
clearance, financial services, energy, healthcare and hospitality.
Our mission is to empower professionals and organizations to
compete and win through expert insights and relevant employment
connections. Employers and recruiters use our websites and services
to source and hire the most qualified professionals in select and
highly-skilled occupations, while professionals use our websites
and services to find the best employment opportunities in and the
most timely news and information about their respective areas of
expertise. For 25 years, we have built our company on providing
employers and recruiters with efficient access to high-quality,
unique professional communities, and offering the professionals in
those communities access to highly-relevant career opportunities,
news, tools and information. Today, we serve multiple markets
located throughout North America,
Europe, the Middle East and the Asia Pacific region.
Forward-Looking Statements
This press release and oral
statements made from time to time by our representatives contain
forward-looking statements. You should not place undue reliance on
those statements because they are subject to numerous uncertainties
and factors relating to our operations and business environment,
all of which are difficult to predict and many of which are beyond
our control. Forward-looking statements include information without
limitation concerning our possible or assumed future results of
operations, including descriptions of our business strategy. These
statements often include words such as "may," "will," "should,"
"believe," "expect," "anticipate," "intend," "plan," "estimate" or
similar expressions. These statements are based on
assumptions that we have made in light of our experience in the
industry as well as our perceptions of historical trends, current
conditions, expected future developments and other factors we
believe are appropriate under the circumstances. Although we
believe that these forward-looking statements are based on
reasonable assumptions, you should be aware that many factors could
affect our actual financial results or results of operations and
could cause actual results to differ materially from those in the
forward-looking statements. These factors include, but are
not limited to, competition from existing and future competitors in
the highly competitive market in which we operate, failure to adapt
our business model to keep pace with rapid changes in the
recruiting and career services business, failure to maintain and
develop our reputation and brand recognition, failure to increase
or maintain the number of customers who purchase recruitment
packages, cyclicality or downturns in the economy or industries we
serve, failure to attract qualified professionals to our websites
or grow the number of qualified professionals who use our websites,
failure to successfully identify or integrate acquisitions, U.S.
and foreign government regulation of the Internet and taxation, our
ability to borrow funds under our revolving credit facility or
refinance our indebtedness and restrictions on our current and
future operations under such indebtedness. These factors and
others are discussed in more detail in the Company's filings with
the Securities and Exchange Commission, all of which are available
on the Investors page of our website at www.dhigroupinc.com,
including the Company's Annual Report on Form 10-K for the fiscal
year ended December 31, 2014 (Dice Holdings, Inc. as of
December 31, 2014), under the
headings "Risk Factors," "Forward-Looking Statements" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations."
You should keep in mind that any forward-looking statement made
by the Company or its representatives herein, or elsewhere, speaks
only as of the date on which it is made. New risks and
uncertainties come up from time to time, and it is impossible to
predict these events or how they may affect us. We have no
obligation to update any forward-looking statements after the date
hereof, except as required by applicable law.
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SOURCE DHI Group, Inc.