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StepStone GmbH

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StepStone GmbH
Formerly
StepStone ASA
Private
ISIN🆔
IndustryDigital media
Founded 📆1996; 28 years ago (1996) in Oslo, Norway
Founder 👔
Headquarters 🏙️Düsseldorf, Germany
Area served 🗺️
Key people
  • Sebastian Dettmers
    (CEO)
  • Thorsten Otte
    (CFO)
ServicesJob listings
Revenue🤑 647,1 million (2019)
Members
Number of employees
ParentAxel Springer
🌐 Websitestepstone.com
📇 Address
📞 telephone
Footnotes / references
Axel Springer Annual Report 2019

StepStone GmbH is a German company headquartered in Düsseldorf, North-Rhine Westphalia.[1] It was founded in 1996, went public in year 2000 and was acquired by Axel Springer in 2009.[2][3][4] StepStone operates a global digital recruitment platform.[5][6][7]

History[edit]

In 1994, a Norwegian entrepreneur started a digital alternative to job listings in printed newspapers;[8] it was named Jobshop.[9] Early-stage investors of StepStone included Investor AB and Orkla ASA. The platform grew significantly during the dot-com era,[10] and the company acquired several competitors.[11][12] Preparing for the IPO in March 2000, Jobshop was renamed to StepStone.[13]

The company suffered from the dot-com bubble burst.[14] In 2004, StepStone entered into a strategic partnership with Axel Springer.[15][16] To grow the classifieds business, Springer reached majority ownership of the StepStone Group in 2009.[17][18] Springer took the company private, and moved its headquarters from Oslo to Berlin.[19] Since 2010, the German headquarters have been in Düsseldorf.[20]

In 2012, StepStone acquired Totaljobs based in the United Kingdom.[21] Through the acquisition of Appcast in 2019, a specialized provider of programmatic advertising solutions, the company entered the United States.[22] In 2021, StepStone also acquired the conversational AI technology of Mya.[23] Over the years, Springer invested millions in building the StepStone brand.[24][25][26]

Operations[edit]

StepStone is a private limited company (Gesellschaft mit beschränkter Haftung, GmbH), currently owned 100% by Axel Springer. The leadership team includes Sebastian Dettmers (CEO), Thorsten Otte (CFO), and Wolfgang Bruhn (CDO).

The portfolio includes more than 40 job platforms in 20 countries under several brands. StepStone is active in market research, too.[27][28] It has been in the education technology sector,[29] and operates meinestadt.de, a community platform for all cities in Germany.[30]

Notes and references[edit]

  1. "StepStone GmbH". Bloomberg. Retrieved 2022-01-04.
  2. Massoudi, Arash; Wiggins, Kaye; Solomon, Erika (2021-10-29). "Axel Springer Looks to List Online Jobs Business StepStone". Financial Times. Retrieved 2022-01-11.
  3. Paravicini, Stefan (2021-11-02). "StepStone prüft IPO-Bewerbung" [Stepstone Reviews IPO Application]. Börsen-Zeitung (in Deutsch). p. 8.
  4. Schütze, Arno; Scheppe, Michael (2021-11-05). "Springer treibt Vorbereitungen für Börsengang von Job-Portal Stepstone voran" [Springer Presses Ahead With Preparations for IPO of Job Portal StepStone]. Handelsblatt (in Deutsch). Retrieved 2022-01-08.
  5. Elder, Bryce (2012-09-14). "Pinning the tale on a Monster". Financial Times. Retrieved 2022-01-11.
  6. Dämon, Kerstin (2016-05-11). "Das sind die besten Jobportale im Netz" [These Are the Best Job Portals on the Net]. WirtschaftsWoche (in Deutsch). Retrieved 2022-01-18.
  7. Lipinski, Gregory (2022-01-28). "Wie Axel Springer den Weltmarkt der Job-Börsen erobern könnte" [How Axel Springer Could Conquer the World Market of Job Exchanges]. Meedia (in Deutsch). Retrieved 2022-01-02.
  8. Kenk, Gerhard (2001-12-20). "Jobpilot wird auf Gegenwind getrimmt 'Äì StepStone steht vor der Geröllhalde der Expansionsstrategie" [Jobpilot Faces Headwind‚ÄìStepStone Faces Scree of Expansion Strategy]. Crosswater Job Guide (in Deutsch). Retrieved 2022-01-07.
  9. Kenk, Gerhard (2001-12-20). "Jobpilot wird auf Gegenwind getrimmt 'Äì StepStone steht vor der Geröllhalde der Expansionsstrategie" [Jobpilot Faces Headwind‚ÄìStepStone Faces Scree of Expansion Strategy]. Crosswater Job Guide (in Deutsch). Retrieved 2022-01-07.
  10. "Online-Stellenmärkte kämpfen um Ausbau der Marktanteile" [Online Job Markets Struggle To Expand Market Share]. Horizont (in Deutsch). 1999-06-08. Retrieved 2022-01-09.
  11. "√úbernahmeangebot aus Norwegen für Job-Today. Berliner Werte entwickeln sich an der Börse überwiegend positiv" [Takeover Offer From Norway for Job-Today. Berlin Stocks Are Performing Predominantly Positively on the Stock Market.]. Der Tagesspiegel (in Deutsch). 2000-09-03. p. 23.
  12. "Jobshop kjøper tysk konkurrent" [Jobshop Buys German Competitor]. VG (in norsk). 2003-02-25. Retrieved 2022-01-11.
  13. "Internet-Stellenbörse Jobshop firmiert um" [Internet Job Platform Jobshop Changes Its Name]. Handelsblatt (in Deutsch). 1999-10-13. p. 27.
  14. "Stepstone massakreres på børsen" [Stepstone Is Massacred on the Stock Exchange]. VG (in norsk). 2003-02-25. Retrieved 2022-01-11.
  15. "Axel Springer und Stepstone vermarkten Stellenanzeigen gemeinsam" [Axel Springer and Stepstone Join Job Ad Marketing]. Financial Times Deutschland (in Deutsch). 2004-09-21.
  16. Kohrs, Jens (2005-05-29). "Strategische Allianz zweier starker Partner" [Strategic Alliance of Two Strong Partners]. Berliner Morgenpost (in Deutsch).
  17. Wilkens, Andreas (2009-09-03). "Axel Springer übernimmt Mehrheit an Stepstone ASA" [Axel Springer Takes Over Majority in Stepstone ASA]. Heise (in Deutsch). Retrieved 2022-01-11.
  18. Siebenhaar, Hans-Peter (2009-09-04). "Axel Springer poliert seine Bilanz auf" [Axel Springer Polishes Its Balance Sheet]. Handelsblatt (in Deutsch). p. 13.
  19. "StepStone verlagert seinen Hauptsitz nach Berlin" [Stepstone Moves Headquarters to Berlin]. Berliner Morgenpost (in Deutsch). 2010-10-16. p. 6.
  20. "Company Register". Retrieved 2022-01-16.
  21. "StepStone Buys Totaljobs Group". Recruiter. 2012-04-04. Retrieved 2022-01-11.
  22. Shaid, Rebeka (2019-07-01). "Stepstone Buys Appcast Majority Stake for $79m". AIM Group. Retrieved 2022-01-11.
  23. "StepStone Acquires Recruitment Chatbot Mya". Staffing Industry Analysis. 2021-05-18. Retrieved 2022-01-24.
  24. Dettmers, Sebastian (2020-03-04). "StepStone macht auf sich aufmerksam" [Stepstone Attracts Attention]. Handelsblatt (in Deutsch). p. 45.
  25. Verkaufen, Werben &. (2020-03-04). "StepStone: Der große Profiteur bei Axel Springer" [Stepstone: The Big Beneficiary at Axel Springer]. W&V (in Deutsch). Retrieved 2022-01-11.
  26. "StepStone, Immonet & Meinestadt.de: Axel Springer arbeitet an Börsengang von digitaler Kleinanzeigen-Sparte" [Stepstone, Immonet & Meinestadt.de Axel Springer Works on IPO of Digital Classifieds Division]. Faz.net. 2014-04-14. Retrieved 2022-01-10.
  27. Sidki-Lundius, Chan (2021-04-30). "Je höher der Abschluss, desto besser auch das Einstiegsgehalt: Aktueller StepStone-Gehaltsreport zeigt, warum sich Studium lohnt" [The Higher the Degree, the Better the Starting Salary: Current Stepstone Salary Report Shows Why Studying Pays Off]. Hamburger Abendblatt. p. 57.
  28. Rinke, Florian (2021-12-10). "Männliche Ansprache in Stellenanzeigen: Warum Worte wie "leistungsstark" Frauen in Stellenanzeigen eher abschrecken" [Addressing Men in Job Ads: Why Words Like "High-performing" Tend To Scare off Women in Job Ads]. Rheinische Post (in Deutsch). Retrieved 2022-01-18.
  29. Brücken, Timo (2019-01-09). "Stepstone kauft E-Learning-Startup Studydrive" [Stepstone Buys E-Learning Startup Studydrive]. Business Insider (in Deutsch). Retrieved 2022-01-11.
  30. "Axel Springer übernimmt Städteportal meinestadt.de" [Axel Springer Takes Over the City Portal meinestadt.de]. deutsche-startups (in Deutsch). DS Media. 2012-08-21. Retrieved 2022-01-11.

External links[edit]


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