The exciting news just keeps coming! Professional Diversity Network Inc. (NASDAQ: IPDN), a networking and jobs website operator, has just acquired an additional 20% stake in the innovative remote-hiring marketplace for software developers, RemoteMore USA, Inc, based in Chicago.
Back in 2021, Professional Diversity Network acquired a near 46% stake in RemoteMore, and the results have been outstanding. During the first three quarters of 2022, RemoteMore has generated around $1.9 million in gross revenue, while the number of registered company users has gone up to 1,500 from 650, and pre-screened developers has increased to more than 24,000 globally from 6,300.
It’s no wonder CEO Adam He is so enthusiastic about the acquisition: “We are thrilled to see the success of RemoteMore since the initial acquisition, which clearly reflects the market needs in the recruitment industry. By adding RemoteMore to our platform, we are able to respond to the market in a timely and efficient manner.”
With the additional 20% ownership, Professional Diversity Network can now look forward to even greater integration between RemoteMore and its core business. Here’s to a successful future!