Axel Springer's StepStone to acquire 85% of AppCast for $79m.

Axel Springer's StepStone, an online job portal in Europe, acquired 85% of AppCast, technology provider for programmatic job advertising in the US, for $79m. With the acquisition, Axel Springer continues its growth strategy and further expands the StepStone group’s portfolio of intelligent recruiting and matching tools. AppCast specializes in displaying job ads online precisely where suitable candidates find them. "Axel Springer and StepStone share our conviction that technology can advance recruiting with job ads. We also share a common purpose to improving one of the most important personal and social issues for people around the globe: finding a rewarding job that allows them to support their families and communities. We are extremely happy and excited to take the next steps in our extraordinary growth story together with these strong partners and friends,” Chris Forman, Appcast CEO.