Hospitality Careers Online, Inc.

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Hospitality Careers Online, Inc. - overview

Established

1998

Location

Burnaby, BC, Canada

Primary Industry

Business Support Services

About

Hospitality Careers Online, Inc. operates a specialized job platform designed to connect job seekers with employment opportunities in the hospitality industry, facilitating career advancement and recruitment for various hospitality roles. Founded in 1998 and headquartered in Burnaby, Canada, Hospitality Careers Online, Inc. provides a job search engine tailored for the hospitality sector.


The company was acquired by onTargetjobs, a portfolio company of Warburg Pincus, in April 2005, though the financial terms of the deal were not disclosed. The CEO of the company is Douglas Tutt. Hcareers specializes in providing a comprehensive job platform specifically tailored for the hospitality and hotel industries. Their core offerings include a job search engine that connects job seekers with over 20,000 employment opportunities across various roles in hospitality, ranging from front-line staff to management positions.


The platform serves a diverse client base, including major hotel chains, independent hotels, and various hospitality service providers seeking qualified candidates. Customers of Hcareers are essentially employers looking to fill positions and job seekers aiming to advance their careers within the hospitality sector. The services are marketed primarily in North America, but Hcareers extends their reach to international markets, allowing hospitality professionals globally to access available positions. Hcareers generates revenue through a structured model that incorporates subscription plans for employers seeking to post job listings on their platform.


Employers may enter into partnerships for premium services that include enhanced visibility for job postings, analytics on candidate engagement, and access to a broader talent pool. The platform also offers tiered pricing options based on the number of job listings or additional features requested, facilitating various transaction structures, primarily focused on B2B interactions between Hcareers and its clientele. By aligning its services with the specific needs of the hospitality industry, Hcareers establishes a transactional framework that fosters long-term relationships with employers while delivering consistent value to job seekers. Currently, there are no specified upcoming products being designed or launched.


However, the company aims to expand its presence in international markets to increase the number of job seekers and employers using its platform. The acquisition by onTargetjobs in April 2005 indicates potential future synergies that may be leveraged to support growth initiatives. Further details on specific geographic regions targeted for expansion or strategies utilizing recent funding to support these initiatives are not available.


Current Investors

onTargetjobs

Primary Industry

Business Support Services

Sub Industries

Consulting Services, Public Relations & Communications, Search Engines, Social Networking & Communication Platform, Connectivity Software

Website

www.hcareers.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Hospitality Careers Online, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedHospitality Careers Online, Inc.-

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