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Dice Inc. Acquires ClearanceJobs.com

  • Purchases Leading Job Board for Professionals with Active Security Clearances
  • Expands Leadership Role in Specialty Online Recruiting

New York, NY - September 16, 2004 - Dice Inc., the leading online job board for technology and engineering professionals, today announced that it has acquired the assets of ClearanceJobs.com, the premier job board focused exclusively on candidates with active U.S. Government security clearances.

ClearanceJobs.com provides a number of important advantages for both active security-cleared professionals and the companies that hire them:

  • The job board applies a rigorous pre-screening process to both candidates and hiring companies, and is the only job board that provides a restricted-access Website where qualified companies can find candidates with active clearances.
  • It allows qualified customers, including authorized government contractors and recruiters, to search for candidates by specific clearance and polygraph level.
  • It prominently displays clearance information on each candidate's resume, which allows for more efficient and accurate candidate screening.

With the present backlog of U.S. citizens awaiting clearance topping 400,000, and the clearance process taking as much as two years, access to candidates with active security clearances is critical to companies working to fill the increasing number of open positions in this sector. ClearanceJobs.com has more than 17,000 registered candidates with either active or current security clearances and registers an average of 1,400 new candidates per month. The majority of these candidates have high-level clearances.

Dice, with its traditional strength in technology, engineering and aerospace, has long been a source for customers seeking to hire candidates with security clearances. Together, the two brands will expand their leadership positions in the security clearance area.

"New initiatives in defense, homeland security and cyber-security continue to increase the demand for job candidates with active security clearances. This acquisition allows us to provide a pre-qualified selection of candidates to customers who hire security-cleared personnel," said Scot Melland, President and Chief Executive Officer of Dice Inc. "As the recognized leader and top ranked source for active security-cleared candidates, ClearanceJobs.com is a natural fit for our company."

"Since we created ClearanceJobs.com two years ago, our sole focus has been connecting active security-cleared candidates with the companies that are searching for them," said Rachel Staras Lesser, Co-Founder and President of ClearanceJobs.com. "As part of the Dice team, ClearanceJobs.com will be able to give our candidates access to more opportunities and our customers access to a larger pool of security-cleared professionals."

Financial terms were not disclosed. Dice was advised in the transaction by The Jordan, Edmiston Group, Inc., a New York City based investment bank that specializes in the media and information industries.

To learn more about security clearances or security clearance jobs, go to http://www.clearancejobs.com.

About Dice Inc.

Dice Inc. is the leading provider of online recruiting services for technology, engineering and security-cleared professionals. Dice Inc. provides services to hire, train and retain technology and engineering professionals through its two operating companies, Dice.com, the leading online technology-focused job board as ranked by Media Metrix, and MeasureUp, a leading provider of assessment and preparation products for technology professional certifications. With a 13-year track record in meeting the ever-changing needs of the technology sector, our specialty industry focus and exposure to the most skilled tech-centric audience online foster a talent marketplace where employers reach hard-to-find, experienced and qualified technology, engineering and security-cleared professionals. For additional information please visit http://about.dice.com.

About ClearanceJobs.com

ClearanceJobs.com is the leading Internet-based job board dedicated to security-cleared professionals who are U.S. citizens. Authorized U.S. government contractors and their representatives utilize the secure service to quickly and easily locate candidates with specific security clearance requirements to fill open jobs. Only 26 months old, ClearanceJobs.com has created a strong brand by catering to the distinct needs of defense industry employers. With a large and growing candidate and employer base, ClearanceJobs.com is recognized as a breakthrough service for a unique niche. For more information, please visit http://www.clearancejobs.com.

Dice Contact Information:
Susan Simcox
Public Relations Manager, Dice Inc.
pr@dice.com

Media Contact Information:
Jennifer McCullam
Financial Dynamics
jmccullam@fd-us.com
212-850-5600

ClearanceJobs Contact Information:
Public Relations
678-455-9013
press@clearancejobs.com

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