M&A Deal Summary

DHI Group Acquires Geeknet - Online Media Business

On September 18, 2012, DHI Group acquired internet software and services company Geeknet - Online Media Business from Think Geek for 20M USD

Acquisition Highlights
  • This is DHI Group’s 1st transaction in the Internet Software and Services sector.
  • This is DHI Group’s 5th largest (disclosed) transaction.
  • This is DHI Group’s 2nd transaction in the United States.

M&A Deal Summary
Date 2012-09-18
Target Geeknet - Online Media Business
Sector Internet Software and Services
Buyer(s) DHI Group
Sellers(s) Think Geek
Deal Type Divestiture
Deal Value 20M USD

Target

Geeknet - Online Media Business

United States
Geeknet 's online media business, including Slashdot and SourceForge. Slashdot, a user-generated news, analysis, peer question and professional insight community. Tech professionals moderate the site which averages more than 5,300 comments daily and 3.7 million unique visitors each month. SourceForge, a destination for technology professionals and enthusiasts to develop, download, review and publish open source software, much of which they use in their own organizations. Freecode, one of the largest indexes of Linux, Unix and cross-platform software, as well as mobile applications generates nearly 500,000 unique visitors each month.

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Buyer(S) 1

Buyer

DHI Group

Centennial, Colorado, United States

website

Category Company
Founded 1991
Sector Staffing
Employees530
Revenue 150M USD (2022)
DESCRIPTION

DHI Group is a provider of specialized career websites for professional communities, including technology and engineering, financial services, energy, healthcare, and security clearance. DHI Group was incorporated in 1991 and is based in Centennial, Colorado.

DEAL STATS #
Overall 6 of 9
Sector (Internet Software and Services) 1 of 2
Type (Divestiture) 1 of 2
Country (United States) 2 of 3
Year (2012) 1 of 1
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-12 Rigzone.com

Houston, Texas, United States

Rigzone is Known as the online gateway to the oil and gas industry, Rigzone is the world’s most-used source for upstream oil and gas news and data, including in-depth information on the exploration, drilling and production markets. Rigzone has built a valuable and largely-passive community with more than 500,000 unique visitors each month and more than 270,000 resumes in their database covering skills ranging from production operators to petroleum engineers.

Buy $39M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-20 Job Board Enterprises

London, United Kingdom

Job Board Enterprises offers its services for various IT vacancies, including computer jobs, IT contract jobs, and IT director jobs. Company provides information technology (IT) recruitment services in Europe.

Buy £8M

Seller(S) 1

SELLER

Think Geek

Fairfax, Virginia, United States

website

Category Company
Founded 1995
Sector Retail
Employees90
DESCRIPTION

Geeknet, Inc. owns and operates Think Geek, an online retailer of video game themed merchandise.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-01 Andover.net

Acton, Massachusetts, United States

Andover.Net is a Internet content provider focusing on the growing Linux community.

Buy -
Mergr

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Company

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