DHI Group—formerly known as Dice Holdings Incorporated prior to this April—announced plans this morning to sell the combination of Slashdot and SourceForge. The announcement was made as part of DHI’s 2Q15 financial results, which were mostly positive, with DHI showing an increase in revenue over the same period last year (totaling $65.8 million) and a net income of $5.7 million.
The telling quote comes under the section titled "Planned Sale of Slashdot Media," wherein the company states the following (emphasis added):
The Company acquired Slashdot Media in 2012 both to provide the Dice business with broader reach into Slashdot's user community base and to extend the Dice business outside North America by engaging with SourceForge's significant international technology user community. The Company, however, has not successfully leveraged the Slashdot user base to further Dice's digital recruitment business; and with the acquisition of The IT Job Board and success of Open Web, the anticipated value to the Company of the SourceForge traffic outside North America has not materialized. The Company now plans to divest the business, as it does not fit within the Company's strategic initiatives and believes the Slashdot Media business will have the opportunity to improve its financial performance under different ownership.
The report goes on to note that in spite of what the report calls "an incredibly loyal and passionate following of tech professionals," Slashdot and SourceForge aren't core to DHI’s business and that DHI has partnered with KeyBanc Capital Markets to advise DHI on the sale. There is no buyer lined up yet.
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