Nominated amongst Malaysia's best recruitment firms – senior management roles (over US$10k per month) for 2017, Quess Corp has signed an agreement to buy Monster India and its business in Southeast Asia and the Middle East from Monster Worldwide Inc.
Quess has also acquired the Care business of HCL Services from HCL Infosystems, which provides after-sales services providers for product categories such as mobile phones, consumer electronics, and more.
The transactions are expected to close in the next few weeks, subject to the fulfillment of customary closing conditions and required statutory approvals.
Online career and recruitment resource, Monster, currently has approximately 65 million registered users and over 80 million resumes. The acquired business has operations across India, Singapore, Malaysia, Philippines, Hong Kong, Vietnam, Thailand, Indonesia, UAE and Kingdom of Saudi Arabia.
Chairman and MD of Quess Corp, Ajit Isaac, commented: "The acquisition of Monster is aligned with our ‘digital first strategy for business’ and is a strategic investment in that direction.
"While the Monster acquisition complements Quess’s market leading presence in the HR services space by establishing end-to-end offerings across the employee lifecycle management space, the acquisition of Care business will augment our services capability in the customer lifecycle management space."
Robert Gibney, chief financial officer, Monster Worldwide, added: "We feel fortunate to have found a partner in Quess who will provide the APAC region with the strategic imperative towards driving favourable outcomes for seekers and employers with the Monster brand.
"We wish our colleague Sanjay (regional MD, Sanjay Modi) and the team the best in growing the business while we focus our efforts on North America and Europe."
Additionally, Sanjay Modi, MD, Monster.com (APAC & Gulf), said: "This is truly a significant milestone for us. It gives Monster (in APAC & Gulf) the opportunity to connect more people to more jobs."
"Quess' market leading presence will help enhance our capability to build and implement new and innovative technology platforms to gain edge over competition and hence become a market leader in each of our operating geographies."
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