New iProfile records profit in first financial year

Written by on July 2, 2012 in News - Comments Off on New iProfile records profit in first financial year

The new iProfile has turned around the fortunes of its predecessors in the first year of trading by posting a pre-tax profit for it’s first financial year. The company acquired the main assets of the now dissolved SkillsMarket in May 2011. To celebrate, iProfile have launched their new website and announced new strategic partnerships for the year ahead.

Mark Callahan, Managing Director in the UK, who set up iProfile with Glen Perry, MD of iProfile in Australia, puts the success down to “a greater focus on our core value proposition to our clients, a simpler and more user-friendly product offering, plus a streamlining of our client implementation process.

The company increased its client portfolio by adding 13 new clients in the last year, and now manages over 7 million online CVs/Resumes for candidates in multiple sectors.

To further consolidate iProfile’s good fortunes it has created new alliances and partnerships with other organisations in the industry such as TEAM, the association of independent recruiters.

Liz Longman, Managing Director of TEAM says, “By grouping all our members together we are able to secure far greater buying power, and access to iProfile’s technology at an amazing price. We are delighted to have the opportunity to finally make the iProfile technology accessible to all of our members.”

As a result of this collaboration, iProfile are expecting an increase in their CV Exchange of at least 500,000 candidates. These CVs will move the number of CV’s in the network to around the 8 million mark and go further to improve the value iProfile’s existing client’s gain from the technology.

“The volume of change inside the business over the past year has been significant and has been tough at times”, says Glen Perry. “Having said that, the business is now in much better shape than it was previously and we are very excited about what the future holds for us and the industry. I would like to thank our loyal clients and staff – we couldn’t have done this without you!”

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