Trinity Mirror plc is pleased to announce the acquisition of
TotallyLegal.com Limited, the owner of TotallyLegal.com, the UK's leading online
recruitment site for the legal profession, and TotallyFinancial.com, a leading
online recruitment site serving the finance sector. The total consideration for
this acquisition is £11.8 million in cash.
The acquisition represents the latest stage of Trinity Mirror's
strategy to develop its digital and online businesses through organic growth and
appropriate acquisitions. These sites will join the Group's portfolio of
successful online recruitment businesses which already includes sites such as
SecsintheCity, GAAPweb, hotonline and its stake in the Fish4Jobs joint
venture.
Commenting on the acquisition, Sly Bailey, said: "This is the
latest stage in our strategy of developing our digital businesses. TotallyLegal
is Britain's leading website for legal recruitment and together with
TotallyFinancial will complement our existing suite of professional recruitment
sites perfectly."
Bernard Howard, the founder of TotallyLegal, commented, "I am
delighted that TotallyLegal is becoming part of such a large and growing digital
publishing group. With the additional exposure and resources that Trinity
Mirror will bring, we look forward to a very strong future for the
business."
With its specialist job sites, its regional network of over 80
local job sites, together with Fish4jobs, Trinity Mirror continues to strengthen
its position and grow market share in the online recruitment market.
