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Acquisition by Careerbuilder Positions WORKTERRA to Become Market Leader in Employee Lifecycle HCM Solutions

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Acquisition by Careerbuilder Positions WORKTERRA to Become Market Leader in Employee Lifecycle HCM Solutions Acquisition by CareerBuilder Positions WORKTERRA to Become Market Leader in Employee Lifecycle HCM Solutions Joining Forces With CareerBuilder Sets the Stage for Accelerated Market Share Growth in HCM SAN FRANCISCO — (Sept. 6, 2016) — WORKTERRA, an elegant, easy-to-use cloud-based technology built to manage the simplest to the most complex HCM challenges, is proud to announce today it is being acquired by CareerBuilder. WORKTERRA will operate as a CareerBuilder company while integrating features and benefits that deliver consistent and personalized HCM solutions across the entire employee lifecycle. David Rhodes will continue serving as CEO of WORKTERRA. Terms of the deal were not disclosed. “WORKTERRA and CareerBuilder share a strong obsession around innovation, creating forward-looking technology, and delivering the features and benefits that people crave,” Rhodes said. “Now our brands are poised to offer unmatched solutions across pre- and post-hire HCM needs.” WORKTERRA will leverage CareerBuilder’s robust sales marketing, and operational capabilities to help scale to a formidable HCM force. The acquisition will also significantly expand CareerBuilder’s product offering beyond recruitment into post-hire solutions. “CareerBuilder has reinvented who we are as a company over the last few years, building the world’s first pre-hire platform,” said Matt Ferguson, CEO of CareerBuilder. “This acquisition is a defining moment because it enables us to step beyond recruitment and become an end-to-end human capital management firm. WORKTERRA is a fast-moving, fast-growing company with deep functionality built from the ground up. Working together, we will bring an unprecedented scope of innovation to market that will solve critical issues clients face in hiring, developing, and managing employees.” WORKTERRA established its brand as a challenger in the HCM solutions space by building technology that takes on the most difficult HCM challenges, such as benefits and compliance. Its core HR offering — benefits, HRIS, compliance, and private exchanges — provides the marketplace simplicity at a time when others continue to increase the complexity required for deployment. About WORKTERRA WORKTERRA provides a cloud-based technology built from the inside out to handle the most complex HCM challenges. The unified, elegant solution makes HCM easier, less confusing, and more efficient — no matter the size of the company. It’s a super-easy-to-use, quickly implemented platform for the full employee lifecycle. Passionate about transforming the HCM experience, WORKTERRA designed its solution set with a unique level of flexibility to continually incorporate new innovations. For more information, visit www.workterra.com. About CareerBuilder® As the global leader in human capital solutions, CareerBuilder specializes in cutting-edge HR software as a service to help companies with every step of the recruitment process from acquire to hire. CareerBuilder works with top employers across industries, providing job distribution, sourcing, workflow, CRM, data, and analytics in one pre-hire platform. It also operates leading job sites around the world. Owned by TEGNA Inc. (NYSE:TGNA), Tribune Media (NYSE:TRCO), and McClatchy (NYSE:MNI), CareerBuilder and its subsidiaries operate in the United States, Europe, South America, Canada, and Asia. For more information, visit www.careerbuilder.com. Media Contacts: WORKTERRA CareerBuilder Jennifer Gibson Jennifer Grasz 925-469-5208 773-527-1164 [email protected] [email protected] https://twitter.com/Workterra http://www.twitter.com/CareerBuilderPR .
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