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Thursday, June 30, 2022

Baltic Recruitment Service CV-Online Acquired By Alma Media

One of the largest Finnish media groups, Alma Media, has acquired CV Online, the internet recruitment service company in the Baltic countries. The size of the deal was not announced, but CV Online estimates its 2011 revenue at €2 million at a 30% growth. The company operates in Estonia, Latvia, and Lithuania. According to the website’s stats, the have exactly 1 364 969 registered users and 1 757 047 CVs.

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The acquisition of CV Online is part of the implementation of Alma Media’s strategy, according to which the company seeks growth from digital services and internationalization. Alma media also owns Monster.fi, which makes CV Online fit somewhat in the media group’s large portfolio. CV Online’s 34 employees will not be affected by the acquisition.

The founders of CV Online took 16 years to build the company to its current state, but its clear that the dedication has built a valuable company compared to a fast exit after 2 years. For a blast from the past, here’s interview co-founder Jüri Kaljundi from way back in 2008 about Open Coffee Tallinn and the Estonian startup scene.

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