The Stepstone Group
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 | |
| Private | |
| ISIN | 🆔 |
| Industry | Digital media |
| Founded 📆 | 1996 in Oslo, Norway |
| Founder 👔 | |
| Headquarters 🏙️ | Düsseldorf, Germany |
Area served 🗺️ | |
Key people |
|
| Services | Job listings |
| Revenue🤑 | €1 billion (2022) |
| Members | |
Number of employees | |
| Parent | Axel Springer |
| 🌐 Website | stepstonegroup |
| 📇 Address | |
| 📞 telephone | |
The Stepstone Group is a digital recruitment company headquartered in Düsseldorf, Germany. Founded in 1996, it was traded public from 2000 to 2009 and became a subsidiary of Axel Springer.[1]
In 2022, the company had sales of over one billion Euros and operates in over 30 countries.[2] For years, Stepstone has been the highest-traffic job website in the DACH region. The Stepstone Group also includes U.S. based Appcast and Totaljobs from the UK.[3]
History[edit]
In 1994, a Norwegian entrepreneur started a digital alternative to job listings in printed newspapers; it was named Jobshop. Early-stage investors of Stepstone included Investor AB and Orkla ASA. The platform grew significantly during the dot-com era and the company acquired several competitors. Preparing for the IPO in March 2000, Jobshop was renamed to Stepstone.
The company suffered from the dot-com bubble burst. After a period of regeneration, Stepstone entered a strategic partnership with Axel Springer in 2004.[4] To grow the classifieds business, Springer reached majority ownership of the StepStone Group in 2009.[5] Springer took the company private and moved its headquarters from Oslo to Berlin. Since 2010, the German headquarters have been in Düsseldorf.
In 2012, Stepstone acquired Totaljobs, a job portal based in the United Kingdom. This was followed in 2013 by the acquisition of Saongroup from Ireland.[6] In 2019, Stepstone entered the United States with the acquisition of Appcast, a specialized provider of programmatic advertising solutions.[7] In 2021, Stepstone acquired the San Francisco based conversational AI technology Mya.[8]
Over the years, Springer invested millions in building the Stepstone brand.[9] For several years, there have been rumors about a new IPO.[10] These were reaffirmed in connection with exceeding the sales threshold of EUR 1 billion for the 2022 fiscal year.[11]
Operations[edit]
The Stepstone Group is currently owned 100% by Axel Springer. It represents an important pillar of Springer's digital business.[12] The leadership team includes Sebastian Dettmers (CEO), Thorsten Otte (CFO) and Wolfgang Bruhn (CDO).
References[edit]
- ↑ "Axel Springer setzt auf Stepstone" [Axel Springer relies on Stepstone]. Handelsblatt (in Deutsch). 2008-12-10. Retrieved 2022-05-27.
- ↑ Lauer, Klaus (2022-12-22). "Axel Springer CEO Pushing for IPO of Jobs Portal Stepstone in 2023". Reuters. Retrieved 2023-05-30.
- ↑ Sweney, Mark (2012-04-04). "Reed Elsevier Sells Totaljobs to Axel Springer". The Guardian. Retrieved 2023-05-30.
- ↑ Kohrs, Jens (2005-05-29). "Strategische Allianz zweier starker Partner" [Strategic Alliance of Two Strong Partners]. Berliner Morgenpost (in Deutsch).
- ↑ Voß, Jochen (2009-09-03). "Axel Springer übernimmt Jobbörse Stepstone" [Axel Springer acquires Stepstone job board]. DWDL (in Deutsch). Retrieved 2023-05-30.
- ↑ "Stepstone to Buy Saongroup Assets". The Irish Times. 2013-09-02. Retrieved 2023-05-30.
- ↑ Shaid, Rebeka (2019-07-01). "Stepstone Buys Appcast Majority Stake for $79m". AIM Group. Retrieved 2022-01-11.
- ↑ "StepStone Acquires Recruitment Chatbot Mya". Staffing Industry Analysis. 2021-05-18. Retrieved 2022-01-24.
- ↑ Dettmers, Sebastian (2020-03-04). "StepStone macht auf sich aufmerksam" [Stepstone attracts attention.]. Handelsblatt (in Deutsch). p. 45.
- ↑ Massoudi, Arash; Wiggins, Kaye; Solomon, Erika (2021-10-29). "Axel Springer looks to list online jobs business StepStone". Financial Times. Retrieved 2022-05-27.
- ↑ "Springer will gedruckte Zeitung aufgeben" [Springer plans to give up printed newspaper.]. Tagesschau (in Deutsch). 2023-01-23. Retrieved 2023-05-30.
- ↑ Eddy, Melissa (2013-08-06). "Axel Springer's New Focus on Digital Draws Cries of Betrayal". The New York Times. Retrieved 2023-05-30.
External links[edit]
- Official website of The Stepstone Group
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