August 13, 2010 – Career site Dice Holdings, Inc. has acquired Rigzone, a specialist in the oil and gas industry delivering content, data, advertising and career services. The purchase price consists of initial consideration of $39 million in cash. Additional consideration to a maximum of $16 million in cash is payable upon the achievement of certain operating and financial goals through June 30, 2011. “The acquisition of Rigzone extends our capabilities and strengthens our position in the highly attractive energy vertical,” said Scot Melland, chairman, president and CEO of Dice. “The Rigzone and WorldwideWorker services complement each other with Rigzone's traditional strength in North America and WorldwideWorker's focus on the Middle East and emerging markets. And, both teams share a commitment to quality and a desire to serve the energy industry on a global basis.” Rigzone has a 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.
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