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Monster Worldwide history
Monster Worldwide company history timeline
The company had indeed come a long way from its Yellow Pages roots in 1967.
By 1980, the New York City-based company also had offices in Chicago, Los Angeles, Miami, Toronto, London, and Milan.
Founded in 1981, Rogers & Associates was the second-largest advertising agency in Silicon Valley, with California offices in Los Angeles, San Diego, and San Francisco as well as Santa Clara, plus offices in Chicago, Dallas, Miami, and Tampa.
In 1985, when Telephone Marketing Programs ranked 67th among United States advertising agencies, its gross billings were $103.3 million and its revenues $15.3 million.
In 1986, it opened TMP Japan Inc. in Tokyo as a joint venture.
The 1987 peaceful conception of JOBTRAK by Jeff Wohlwend who then brought in Dave Franey and the Ramberg family giving birth to what is now the MonsterTRAK feature "for male and female students and alumni seeking jobs and career advice."
In 1989, its gross billings reached $270 million and its gross income climbed to $40.5 million, of which all but $3 million was in the United States.
The company's billings and earnings reached $501 million and $59.7 million, respectively, in 1992.
Founded in 1992 by Bill and Susan Warren, Indianapolis-based Online Career Center continued to be run by Bill Warren.
TMP Worldwide entered the field of recruitment advertising in 1993 when it purchased Chicago-based Bentley, Barnes & Lynn, an agency with about $50 million in annual capitalized billing, of which recruitment advertising accounted for roughly 75 percent.
The machine was moved to sit under a router in a phone closet in Adion (a human resources company owned by Taylor) when the site went live in April 1994.
Monster, formerly (1994–99) MonsterBoard.com, also called Monster.com, American online employee-recruitment company, with headquarters in Maynard, Mass., and New York, N.Y. In 1994 Monsterboard.com was created by American Jeff Taylor to provide online career and recruitment services.
By 1994, it commanded a 40 percent share of the Yellow Pages market, including such major clients as General Motors and Ryder Trucks.
TMP sold the agency's consumer division to Ayer Inc. in 1994.
In 1994, the company lost $2.5 million on commissions and fees of $86.2 million.
The company made its initial public offering in December 1996, raising $80.5 million by offering a majority of its outstanding Class A shares of common stock at $14 a share.
Later, in 1996, The Monster Board issued a press release that was picked up and provided needed exposure to drive people to the web site.
Kramli, Beth, "TMP Worldwide Announces Agreement to Acquire Austin," Business Wire , July 21, 1997.
TMP's 1997 revenues came to $329.5 million and its net income to $10.7 million.
In June 1998, The Monster Board moved its corporate headquarters out of a small office above a Chinese restaurant in downtown Framingham, Massachusetts, to an old textile mill in Maynard, Massachusetts, that formerly housed Digital Equipment Corporation.
During the second quarter of 1998, Monster.com had an operating profit of $455,000 on revenues of $10.7 million.
TMP Worldwide's list of 17,000 clients in 1998 included more than 80 of the Fortune 100 companies and about 400 of the Fortune 500.
McKelvey held 37.2 percent of TMP's shares in March 1999.
Wasserman, Todd. "Jeff Taylor." Brandweek, November 8, 1999.
By the end of 1999 Monster.com was easily the most-visited online job search site.
For the next two years Monster developed nearly 100 co-branded career sites with partners such as Lycos and USA Today . When traffic coming to Monster from those sites flattened out, the company shifted its focus to developing the Monster.com brand, starting in 1999.
Anticipating increased traffic in 1999, the company invested about $1 million in new servers to allow it to scale up its business.
In mid-1999 Monster.com launched Monster Talent Market 1.0, an auction service for independent contractors and other free agents.
In November 2000, seeking to attract additional job market levels, Monster bought JOBTRAK because it was used at thousands of heterogeneous college and university campuses.
For its 2000 Super Bowl ad, the company adapted the Robert Frost poem, "The Road Not Taken." After the ad was shown, Monster.com reported more than 4.4 million job searches on the day after, compared to 1.7 million on a day prior to the Super Bowl.
TMP's growth continued well into the year 2000.
Recognizing that job hunting often leads to relocation, Monster launched Monstermoving.com in 2000 to provide consumers with the comprehensive resources necessary for a successful move.
Monster.com 's Asia-Pacific strategy began with sites in Australia and New Zealand, a small presence in Singapore and Hong Kong, and the launch of a site in India in March 2001.
Sweeney, Phil. "Monster.com Expanding by Eating up Competition." Business First-Columbus, August 31, 2001.
In 2001 Monster.com produced a 30-minute infomercial called "The Monster Show," which was shown on unused media time the company bought on off-peak, non-network programming.
Other initiatives for 2001 included an alliance with ESPN to create a Web site for sports jobs.
More than 100,000 employers used Monster.com to post job openings and search for recruits, including more than 800 of the Fortune 1000. Its database of resumes surpassed 10 million in 2001, and the company expected to increase the database to 20 or 30 million resumes.
In April 2002, Monster purchased the Jobs.com URL and trademark for $800,000.
TMP Worldwide was added to S&P 500 Index in 2002.
McLean, Bethany, "A Scary Monster," Fortune , December 22, 2003.
TMP Worldwide changed its corporate name to Monster Worldwide, Inc. and began trading under the new NASDAQ ticker symbol "MWW" in 2003.
In April 2004 Monster created the Monster Employment Index, which provides a monthly analysis of online recruitment activity throughout the United States.
During 2004, Monster acquired Military Advantage Inc., a company offering military men and women career services via the military.com Web site.
By 2004, its financials appeared to be back on track with gains in both revenues and profits.
In June 2005, Monster sold its North American and Japanese Yellow Pages division to Audax Group in an $80 million deal.
"Monster Founder Leaving," New York Times , June 14, 2005.
In 2005 the Monster Local Employment Index was launched, providing a monthly analysis of the most populous job markets in the United States.
In April 2007, Monster named Sal Iannuzzi as chairman and CEO.
In May 2007, Monster launched its first (NA and EU) Mobile services offering Mobile job search and career advice.
In July 2008, Monster acquired Trovix, a semantic job search engine, for US$72.5 million.
In February 2010, it was announced that Monster would acquire its rival, HotJobs, from Yahoo! for $225 million.
In 2011, with Iannuzzi still at the helm, the company's stock was rated the worst performing stock of the year.
On 12 May 2012, after a 2-year drop in MWW's shareprice, Monster shares are up 20 percent, having rallied since CEO Sal Iannuzzi told an investor conference early in March 2012 that the company was considering "strategic alternatives." That bump, however, did not last.
On September 17, 2013, Monster.com launched a new feature allowing companies to include an "Apply with Monster" button on job listing pages.
July 2014, Monster reveals its new identity with a new logo, a new font and a stronger purple.
On November 4, 2014, Iannuzzi's tenure as CEO ended.
On August 9, 2016, Monster was acquired by Randstad Holding, an Amsterdam-based human resources and recruitment specialist, for $429 million in cash.
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Monster Worldwide competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Blinkx Plc | 2004 | $22.0M | 375 | - |
| PriceGrabber.com | 1999 | $12.0M | 300 | - |
| LiveDeal | 2003 | $472.8M | 2 | - |
| Critical Mention | 2002 | $15.0M | 93 | - |
| Invaluable | 1989 | $7.8M | 110 | - |
| GlobalSpec | 1996 | $10.0M | 201 | - |
| adMarketplace | 2000 | $8.8M | 173 | 20 |
| BuyerLink | 2003 | $10.0M | 74 | 110 |
| Azuga | 2012 | $63.0M | 790 | - |
| Professional Diversity Network | 1999 | $6.7M | 50 | - |
Monster Worldwide history FAQs
Zippia gives an in-depth look into the details of Monster Worldwide, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Monster Worldwide. The employee data is based on information from people who have self-reported their past or current employments at Monster Worldwide. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Monster Worldwide. The data presented on this page does not represent the view of Monster Worldwide and its employees or that of Zippia.
Monster Worldwide may also be known as or be related to MONSTER WORLDWIDE INC., Monster Worldwide, Monster Worldwide, Inc. and Monster Worldwide Inc.