XpressJobs acquires MyJobs.lk making it SL’s largest online recruiter
View(s):Online recruiters – XpressJobs and MyJobs.lk have merged into one company marking a most significant turning point in the recruitment platforms in Sri Lanka.
The acquisition has made XpressJobs the biggest player in the online recruitment field, adding to its renown as the most technologically advanced, the company said in a media release.
“The merger has an interesting and uplifting backstory. Somewhere in 018, Dr. Oshadie Korale, COO of XpressJobs invited Sanjeewa Rajapakshe, CEO of Emerging Media (parent company of MyJobs.lk) and his team for coffee and a discussion. XpressJobs had been enjoying a 60 per cent growth rate at the time, and its innovative approaches with recruitment tech – introducing smart filtering, CV less recruitment, Application tracking system, Statistic Dashboard, online testing, branch recruitment etc – had marked it out as a trendsetter in the market. The coffee meeting ends on a positive note with discussions started on an Angel investment, which comes to fruition in 2020 with Emerging Media investing Rs.100 million for 25 per cent stake in XpressJobs,” it said.
At the time of discussions in 2018, both XpressJobs and MyJobs.lk had two different market shares; While MyJobs.lk, started in 2014 was focused on filling shop-floor and industrial positions with a simpler set up, XpressJobs, started in late 2015 was focused on developing home-grown recruitment technology such as aforementioned smart filtering, CV less recruitment etc., catering to a more selective range of mostly white collar jobs.
In 2022, with a year-over-year growth rate of 115 per cent and the financial backing of the 100-million-rupee investment it is evident that XpressJobs is in optimum performance.
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