DHI Group, Inc.
Formerly | Data Processing Independent Consultants Exchange (1990–2001) Dice, Inc. (2001–2005) Dice Holdings (2005-2015) |
|---|---|
| Traded as | NYSE: DHX S&P 600 Component |
| ISIN | 🆔 |
| Industry | Job Boards |
| Founded 📆 | 1990 San Francisco, California, United States |
| Founders 👔 | Lloyd Linn, Diane Rickert |
| Headquarters 🏙️ | 1040 Avenue of the Americas, Floor 8, New York, NY[1] |
Area served 🗺️ | Worldwide |
Key people | Michael Durney (President and CEO) Luc Grégoire (CFO).[2] |
| Revenue🤑 |  US$226.9 million (2016)[3] |
| Members | |
Number of employees | 700 (2016) |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
DHI Group, Inc. is a publicly traded company that operates a network of global job search and news websites in the tech, finance, oil and gas, biotech, hospitality and national defense industries. The company's stock is listed on the NYSE (NYSE: DHX) and it is headquartered in New York City.
The company's flagship website is Dice.com, a tech-centered job board.
Company Overview[edit]
DHI Group is headquartered in New York City with offices in Des Moines, Houston, Cincinnati, Denver, San Jose, Vancouver, London, Aberdeen, Frankfurt, Dubai, Singapore, Shanghai and Hong Kong. The company had around 700 employees in 2016[4].
Michael Durney has served as CEO since 2013. He was previously Vice President and Controller of USA Networks (now known as IAC/InterActiveCorp.) as well as CFO of Newport Media, Inc[5]. DHI Group reported $226.9 million in revenue for FY 2016, down 13% versus the previous fiscal year.
Brands[edit]
DHI Group operates separate websites for each industry it serves.
- Dice.com (Alexa: 5,626[6]) — Information technology and engineering.[7].
- Efinancialcareers.com (Alexa: 21,072[8]) — Banking and financial services.
- Rigzone.com (Alexa: 25,485[9]) — Oil, gas and offshore drilling.
- BioSpace.com (Alexa: 55,670[10]) — Biotechnology, pharmaceuticals and clinical research.
- Hcareers.com (Alexa: 75,382[11]) — Hospitality industry.
- ClearanceJobs.com (Alexa: 61,061[12]) — National defense and government jobs.
- HealtheCareers.com (Alexa: 118,068[13]) — Information technology and engineering.
In May 2017, DHI Group announced that it is seeking potential buyers for the Rigzone, BioSpace, Hcareers and Health eCareers brands. In a conference call with investors that month, CEO Michael Durney said the company plans to use the proceeds from the sales of those brands to reinvest in Dice.com, ClearanceJobs.com and Efinancialcareers.com[14].
History[edit]
1990s[edit]
Dice.com was founded in 1990 by Lloyd Linn and Diane Rickert in San Francisco, operating under the name "Data Processing Independent Consultants Exchange." The company served as a recruiting and placement service for technical contractors, as well as staffing and consulting firms. In 1999, the company was acquired by Silicon Alley content firm EarthWeb, Inc.[15], which had made a $529-million initial public offering a year earlier[16].
2000s[edit]
Opening with an initial valuation at 20 times its reported income[17], EarthWeb's value continued to rise with the acquisition of Dice.com, exceeding three times its initial offering price[18]. However, facing declining revenue over the ensuing years, EarthWeb sold off 10 of its holdings, reorganizing as Dice, Inc.[19] The company returned to a private ownership model and entered financial restructuring in 2003[20]. Emerging from bankruptcy in 2004, Dice acquired ClearanceJobs.com that same year. The company was then sold to the private equity partnership of Quadrangle Capital Partners and General Atlantic LLC for $200 million in 2005[21].
The company then acquired Cincinnati-based TargetedJobFairs in 2005 and London-based job board Efinancialcareers.com in 2006 for £48 million[22]. In 2006, the company was acquired by Dice Holdings, Inc. and in 2007 completed a $100-million initial public offering of its stock and began trading on the New York Stock Exchange[23]. In 2009, it acquired AllHealthcareJobs for $2.8 million[24].
2010s[edit]
In 2010, Dice Holdings, Inc. acquired Dubai-based WorldWideWorker for $9 million[25] and Houston-based Rigzone for $39 million[26].
In 2012, Dice Holdings purchased Geeknet's online media business, including the internet social news websites Slashdot, Freecode and the source code repository SourceForge for $20 million, incorporating them into the subsidiary Slashdot Media.[27] The acquisition proved to be controversial, as a planned update to slashdot.com the following year was not well-received by the site's userbase. Citing issues with the site's design and functionality of its commenting system, users pushed back until the redesign was shelved [28].
According to documents released in 2013 by Edward Snowden, the British Government Communications Headquarters had utilized spoofed versions of Slashdot.org pages in Quantum Insertion Attacks to gain access to network infrastructure on the Belgian telecom company Belgacom[29]. Dice Holdings later told the tech magazine Ars Technica that it had no knowledge of the attacks[30].
The acquisitions continued into the decade, with the addition of Health eCareers, Hcareers and Biospace in the $50-million acquisition of parent company OnTargetJobs[31]. In 2014, Dice Holdings purchased UK-based OilCareers.com for $26 million and rolled it into the Rigzone brand[32]
In 2015, Dice Holdings changed its name to DHI Group, Inc., and in 2016 it sold Slashdot, SourceForge and Freecode to San Diego-based BizX, LLC. for an undisclosed amount. In a filing, the company had said that it was unable to "successfully [leverage] the Slashdot user base to further Dice's digital recruitment business[33]."
References[edit]
- ↑ "Contact Us". DHI Group, Inc. Retrieved 31 May 2017.
- ↑ "Our Company". DHI Group, Inc. Retrieved 31 May 2017.
- ↑ "Q4 2016 10-K Document" (PDF). DHI Group, Inc. Retrieved 31 May 2017.
- ↑ "DHI Group Total Employees (Annual)(DHX)". Ycharts.
- ↑ "Michael P. Durney: Executive Profile and Biography". Bloomberg.
- ↑ "Dice.com Traffic, Demographics and Competitors". Alexa. Retrieved 26 July 2017.
- ↑ "Wanted: Puppet, Python, hottest of the red-hot tech skills". Infoworld.
- ↑ "Efinancialcareers.com Traffic, Demographics and Competitors". Alexa. Retrieved 26 July 2017.
- ↑ "Rigzone.com Traffic, Demographics and Competitors". Alexa. Retrieved 26 July 2017.
- ↑ "Biospace.com Traffic, Demographics and Competitors". Alexa. Retrieved 26 July 2017.
- ↑ "Hcareers.com Traffic, Demographics and Competitors". Alexa. Retrieved 26 July 2017.
- ↑ "Clearancejobs.com Traffic, Demographics and Competitors". Alexa. Retrieved 31 May 2017.
- ↑ "Healthecareers.com Traffic, Demographics and Competitors". Alexa. Retrieved 31 May 2017.
- ↑ "Edited Transcript of DHX earnings conference call or presentation 3-May-17". Yahoo! Finance. Retrieved 31 May 2017.
- ↑ "Dice Holdings' Paul Melde talks about history of Dice.com & its Iowa base". SiliconPrairieNews. Retrieved 26 June 2017.
- ↑ "TECHNOLOGY; EarthWeb Selling Most of Its Web Sites and News Services". New York Times. Retrieved 26 June 2017.
- ↑ Indergaard, Michael. Silicon Alley: The Rise And Fall of a New Media District. p. 65. Search this book on
- ↑ "EarthWeb IPO Hits Stratosphere; Stock Price More Than Triples". Wall Street Journal. Retrieved 26 June 2017.
- ↑ "EarthWeb to Sell Content Business". Advertising Age. Retrieved 26 June 2017.
- ↑ "Dice to File Bankruptcy, Going Private". IT Business Edge. Retrieved 26 June 2017.
- ↑ "Web Recruiter Dice To Be Acquired For $200 Million". Wall Street Journal. Retrieved 26 June 2017.
- ↑ "Jobs website sold for £48m". The Telegraph (UK). Retrieved 27 June 2017.
- ↑ "Online Job Network Dice Files for I.P.O." New York Times. Retrieved 27 June 2017.
- ↑ "Dice Acquires AllHealthcareJobs.com". Workforce Magazine. Retrieved 27 June 2017.
- ↑ "Dice Pays Up To $9 Million To Acquire Worldwideworker". TechCrunch.
- ↑ "Dice Holdings buys Rigzone to energize recruiting". Houston Business Journal.
- ↑ "Dice Holdings buys Slashdot, Freecode and Sourceforge for $20 million". Engadget.
- ↑ "Slashdot creator on redesign backlash: 'Every Slashdot change' met with objections". Washington Post.
- ↑ "GCHQ Used Fake LinkedIn Pages to Target Engineers". Der Spiegel.
- ↑ "UK spies continue "quantum insert" attack via LinkedIn, Slashdot pages". Ars Technica.
- ↑ "For $50 Million Dice Adds Hospitality, Life Sciences to Its Holdings". ERE Media.
- ↑ "Daily Mail & General Trust Sells OilCareers For USD26 Million". Morningstar.
- ↑ "DHI Group plans to sell off Slashdot and Sourceforge". Ars Technica.
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