Sberbank, the giant state-controlled financial institution, announced yesterday the full acquisition of digital job search service group Rabota.ru. The terms of the deal – which is expected to be closed in May 2019 – have not been disclosed.
Sberbank intends to “create an ambitious player on the market based on the existing company.” While the service and its technological platform will be “deeply modernized,” new business segments will be covered with “customized solutions for both individuals and HR professionals.”
Launched in 2002, Rabota.ru displays 200,000 vacancies and more than 10 million resumes. It claims to attract more than four million users yearly.
“The digital job search and recruitment services are a strategic element in Sberbank’s ecosystem,” stated the bank, which has extended activities to a variety of domains well beyond financial services over the past decade. Betting on new technologies to create a series of “ecosystems,” the bank has involved itself in such fields as e-commerce, food services, digital healthcare, CRM and neuroscience, to name just examples.
