StepStone ASA acquires French website group

Telecomworldwire, July 16, 2008

TELECOMWORLDWIRE-16 July 2008-StepStone ASA acquires French website group(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com

Norwegian on-line recruitment and talent management solutions and services provider StepStone ASA (OSE:STP) announced on Wednesday (16 July) the acquisition of Les Villages Emploi (LVE), a French group of four websites including one aggregator site and three specialised market job boards.

The sites cover a broad range of employment opportunities including Technical positions, Sales and Marketing, Administration, Finance and Accounting roles, the company added.

StepStone has acquired LVE for an initial consideration of EUR3.6m, to be settled in cash, together with further payments in 2009 dependent upon financial performance in 2008.

StepStone, headquartered in Oslo, Norway, is one of the world's largest online e-recruitment providers.

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