NEW YORK, Aug. 31 /PRNewswire/ -- Dice Inc., the leading provider of
online recruiting services for technology, engineering and security-cleared
professionals, announced today the completion of its acquisition by two
leading private equity firms, General Atlantic LLC and Quadrangle Group LLC.
The two firms have acquired all of the Company's outstanding equity from the
previous private investor owners and are equal partners in the transaction.
General Atlantic LLC operates globally, investing in companies where
information technology or intellectual property is a key driver of growth.
Quadrangle Group LLC's private equity funds invest in high-growth, as well as
more mature, media and communications companies in the United States and
Europe.
The current management team will continue to lead the Company and remain
significant equityholders in Dice.
Terms of the transaction were not disclosed.
About Dice Inc.
Dice is the leading online career site that helps businesses source
technology, engineering and security-cleared professionals. With a 14-year
track record in meeting the ever-changing needs of the technology sector, our
specialty industry focus and exposure to the most skilled tech-centric
audience online foster a talent marketplace where employers reach hard-to-
find, experienced and qualified technology, engineering and security-cleared
professionals.
Dice Inc. provides services to help recruiters, consultants and businesses
hire and train specialized technology, engineering and security-cleared
professionals through its four businesses: Dice, the leading online career
site for technology and engineering professionals (http://www.dice.com);
ClearanceJobs.com, the premier secure job board focused exclusively on
candidates with active or current U.S. Government security clearances
(http://www.clearancejobs.com); TargetedJobFairs, a leading provider of career fairs
for candidates with active or current U.S. Government security clearances
nationwide (http://www.targetedjobfairs.com); and MeasureUp, a leading destination
for IT certification practice tests, assessments and online courses
(http://www.measureup.com).
About General Atlantic
General Atlantic LLC is a leading global private equity firm providing
capital for innovative companies where information technology or intellectual
property is a key driver of growth. The firm was founded in 1980 and has over
$8 billion in capital under management. General Atlantic has invested in about
150 companies, with current holdings in approximately 50 companies of which
nearly one-half are based outside the United States. The firm is distinguished
within the investment community by its global strategy and worldwide presence,
its commitment to provide sustained value-added assistance for its portfolio
companies and its long-term approach. General Atlantic has nearly 70 global
investment professionals among its 135 employees worldwide with offices in
Greenwich, New York, Palo Alto, Washington, D.C., London, Dusseldorf,
Singapore, Tokyo, Mumbai, Hong Kong, and Sco Paulo. For further information
and a listing of GA's public and private portfolio companies see
http://www.generalatlantic.com.
About Quadrangle Group LLC
Quadrangle Group LLC manages more than $4 billion in capital through its
private equity business, Quadrangle Capital Partners, which specializes in the
media and communications industries, and Quadrangle Debt Recovery Advisors,
which invests in debt securities across all industry groups.
Quadrangle Group was founded in 2000 and its private equity principals have
more than 75 years of collective experience advising and investing in the
media and communications industries and have an extensive network of
relationships with leading companies, executives and entrepreneurs in these
sectors. For more information, please visit http://www.quadranglegroup.com.
SOURCE Dice Inc.
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Related links:
http://www.dice.com
CONTACT:
Andy Maas of Financial Dynamics,
+1-212-850-5631, amaas@fd-us.com, for Dice Inc.; Patricia L.
Hedley of General Atlantic LLC ,+1-203-629-8658,
phedley@generalatlantic.com; or Adam Miller or Robb Malin,
ram@abmac.com, both of The Abernathy MacGregor Group,
+1-212-371-5999, for Quadrangle Group LLC
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