Trinity Mirror acquires GAAPweb.com

Trinity Mirror plc has acquired Financial Jobs Online Limited, the owner of GAAPweb.com, the UK's leading online recruitment site serving the accountancy and finance sector. GAAPweb, established in the late 1990s, has developed into a leading player in the online financial recruitment market. In line with Trinity Mirror's growth strategy, the acquisition deepens and strengthens the Group's penetration of its core markets and is entirely complementary to its print assets.

GAAPweb.com will now benefit from the full cross-promotional power of the Group's portfolio of newspapers and its growing online network.

This follows the acquisition last month of Smartnewhomes.com, the UK's leading internet marketing portal for new-build homes. Sly Bailey, Chief Executive Trinity Mirror commented:

"Digital is a key driver of our growth strategy and recruitment is an important pillar of our advertising revenue which makes GAAPweb a perfect fit for Trinity Mirror.

"Our strategy is a careful mix of organic and  M&A opportunities which so far this year has seen the launch of 17 new magazines, newspapers and online services and two important acquisitions."

Mark Wainwright, Director and joint founder of Financial Jobs Online commented:

"We are delighted to be part the UK's largest newspaper publishing group and the benefits that will bring in terms of reach which will enable the business to grow further."