Software holding company acquires Monster's public sector business

PartnerOne, a holding firm started in 1996 to acquire enterprise software companies, has purchased the public sector business of Monster to enter the federal talent acquisition and workforce development vertical.

Monster Government Solutions was stood up in 2001 to bring a more tailored version of the global job search platform into the federal landscape. Terms of the transaction announced Wednesday were not disclosed.

In its announcement, PartnerOne is touting the move as giving MonsterGov a “forever home” that will enable both renewed product investment and greater focus on public sector needs.

 "With PartnerOne's robust financial backing and deep software expertise, MonsterGov is poised to accelerate innovation and expand our impact across government with our talent acquisition and workforce solutions,” Susan Fallon, general manager of MonsterGov, said in a release.

The sale of MonsterGov was part of a Chapter 11 bankruptcy process started in June by parent company CareerBuilder + Monster, which was formed in September via the merger of CareerBuilder with Monster.com. Private equity firm Apollo Group became the majority owner.

Bold acquired the core job board business, along with the Monster and CareerBuilder brands. IronCorp US purchased the Military.com and Fastweb.com media properties.

MonsterGov has recorded approximately $8.7 million in unclassified prime contract revenue over the trailing 12 months with the State and Interior departments collectively representing 72% of that spend, according to USASpending.gov figures. The General Services Administration makes up for 10.1%, followed by the Homeland Security Department at 9.1%.

PartnerOne currently owns 13 companies and its activity so far this year has included the purchases of NetWitness from RSA and XYPRO, both cybersecurity businesses.