Northcliffe International, subsidiary of the international corporation Daily Mail and General Trust, became strategic partner of Infostud.com, gaining ownership of 25% of this Serbian Internet company. The aim of partnership is a joint development and strengthening of Internet market in Serbia, and Infostud will continue to be run by its founders, who retain 75% shareholding.
Infostud runs leading websites for the employment and education in Serbia, which had almost 12 million visits during last year. Site www.infostud.com is one of 10 most visited domestic websites in country (according to alexa.com), and poslovi.infostud.com is number one jobs website, through which more than 3.500 companies looked for employees, so far.
â€žDaily Mail is corporation with experience in managing great number of websites and other media, throughout the world, which is important reason for us to enter this partnership. We felt that they believe in Infostud, share our vision for business expansion, and that it is a company with which we can make good personal and partnership relationsâ€œ, says Branislava GajiÄ‡, manager of Infostud.
Daily Mail and General Trust has 150 companies within, in Europe, USA and Australia. Investing in Infostud is part of Northcliffe Internationalâ€™s strategy for Internet business development, especially in jobs advertising, and partnership has been carried out through Lapcom Ltd, its Hungarian media division.
â€œWe are really pleased with the development that Infostud has shown in last years. We were impressed by the quality of management and strongly believe that the new joint venture will be able to improve faster in Serbia and will be a strong part of our operation in the regionâ€?, says IstvÃ¡n Szammer, managing director of Northcliffe International Central European operation.
Northcliffe International is also owner of most visited jobs site in Croatia, www.moj-posao.net, with which Infostud last year achieved cooperation in terms of employment in the region, as well as employment websites in Slovakia, Hungary and other countries.