The StepStone group acquired 85 percent of the US-American company Appcast for about EUR 70 million. Appcast is the leading technology provider for programmatic job advertising in the US. With the acquisition, Axel Springer continues its growth strategy and further expands the StepStone group’s portfolio of intelligent recruiting and matching tools.
Appcast specializes in displaying job ads online precisely where suitable candidates find them. Appcast’s clients include well-known US brands as well as hundreds of other companies from all industries. Appcast was founded by CEO Chris Forman in 2014. He will continue to lead the company after the takeover of the majority stake by the StepStone Group. Today, the company headquartered in Lebanon, New Hampshire, already employs about 100 people.
With StepStone, people find the job of their dreams. StepStone, a subsidiary of Axel Springer SE, employs more than 3.000 people and operates www.stepstone.de as well as further online job platforms in several countries.
Using real-time data and programmatic technology, Appcast is advancing the recruitment advertising industry, enabling employers, agencies, and job boards alike to improve recruitment outcomes, ROI, and attract high quality job seekers. To learn more, visit: http://www.appcast.io.