Tecoloco Holding SA de CV announces the acquisition of tecoloco.com by Saongroup.com from Ireland, for an undisclosed sum.
The acquisition of Tecoloco.com by Saongroup.com reinforces tecoloco.com as leader of the online recruitment service market in Central America and expands its reach through Saongroup.com worldwide.
Tecoloco.com is currently the leading site in Central America for online recruitment with presence in Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Dominican republic and Panama with Estascontratado.com. Tecoloco is commited with it’s candidates to provide them with more and better job opportunities in every market they operate, and with their clients to provide them with the right fit for their talent acquisition needs.
Saongroup.com is one of the fastest growing online companies in the world, with offices in 10 countries across 4 continents. Tecoloco.com strengthens its own growth strategy by being acquired by Saongroup.com from Ireland. The incorporation of tecoloco.com to Saongroup.com consolidates the presence of two expert companies servicing the HR market, mainly in online recruitment. In the second semester of 2008 tecoloco.com is delivering growth of approximately 50% in sales compared to previous year. Saongroup.com plans to substantially invest in Sales and Technology.
Saongroup.com is one of the fastest growing online recruitment companies in the world with operations in Ireland, the UK, Europe, the USA, China, India, Dubai, South Africa, the Caribbean and now Central America. Saongroup.com experienced 73% growth in Revenues last year and Saongroup.com websites are visited by in excess of 10m people worldwide every month. Saongroup.com has its head office in Dublin, Ireland and employs more than 1,700 people across the globe.
Tecoloco.com was founded by a visionary group of entrepreneurs, among them: Carla de Vanegas, Irene Bustamante, Clara Eugenia Quiñonez, Blanca de Molina and Oscar Eduardo Martinez.
The company represents a .com success story in Central America, an event scarcely seen in this region. Tecoloco.com started operations in 2001 in San Salvador. The humble beginnings of this great business idea was taken forward with determination and obsession to deliver outstanding Customer Service through leading technology. Tecoloco.com employs more than 70 persons in the region. Tecoloco.com currently runs operations in Guatemala, El Salvador, Honduras, Panama and soon in Costa Rica.
“With the acquisition by Saongroup.com, Tecoloco.com confirms its growth strategy and ambition to deliver the best service to our customers and candidates in each country in Central America. We are very excited with this acquisition and the positive impact it will represent for the market and our company for Central America and worldwide. The incorporation of tecoloco.com to saongroup.com will contribute greatly to the Professional and Executive talent as for the Companies with operations in our region. Therefore, we reinforce our regional position with the support of saongroup.com as we put together the expertise and know-how of both companies.” said Carla de Vanegas CEO of tecoloco.com.
“We have found great coincidences between tecoloco.com and Saongroup.com, especially in our innovative spirit, client orientation and thrive for results that are quintessential for each member of both teams. Plans for our employees include professional growth with global opportunities, continuity of the existing Management and Operational Teams in Central America.¨ added Irene Bustamante President of tecoloco.com.
Ciaran McCooey, CEO, saongroup.com commented: “Saongroup.com’s entry into the Central American market is a significant step for the company. Tecoloco.com has been hugely successful in the online recruitment sector in the region since it’s inception over seven years ago and we plan on making a substantial investment to build on that success. As part of our global expansion plan our presence in Central America has always been in the pipeline and now with Tecoloco.com we hope to expand this service further across the region.”
