DHI Group, a provider of AI-powered career marketplaces, has acquired Colorado-based Point Solutions Group for $5.5 million.
In the announcement on Monday, DHI said the deal strengthens the strategy behind ClearanceJobs, one of its career platforms. By bringing Point Solutions Group into the fold, ClearanceJobs can now compete directly for federal contracts, deliver staffing services for cleared positions and expand its revenue model beyond job postings and subscription services.
“We were very attracted to Point Solutions Group, given the strength of the business and the company’s unique market position. Moreover, Point Solutions Group holds a Top Secret facility clearance and has demonstrated past performance on multiple federal contracts for the United States Department of Defense and intelligence community. This acquisition catapults the ClearanceJobs business into a new chapter, expanding its mission of delivering an end-to-end solution to employers hiring talent with proven qualifications to safeguard national security,” Art Zeile, CEO of DHI Group, Inc, said in a statement.
