Red Arbor Founder Expects Revenue to Double with Recent Acquisitions
Deal News | Jan 02, 2025 | Aim Group
David González Castro, founder of Red Arbor, a Spain-based job board operator focusing on Latin America, predicts that the company's revenue will exceed €100 million following the acquisition of employment sites Catho in Brazil and OCC in Mexico. Despite a reported loss of €4 million, likely for 2023, Red Arbor expects to double its size and workforce from 600 to 1,100 employees and manage a large database across 21 countries, particularly in Mexico. González Castro, who previously founded Anuntis and later sold it to Schibsted, states the importance of AI and mobile technology in the recruitment process, noting its efficiency in time and cost savings.
Sectors
- Online Employment Services
- Artificial Intelligence
Geography
- Spain – Red Arbor is based in Spain, and its founder began his business there.
- Latin America – Red Arbor focuses on the Latin American job market, with operations in multiple countries.
Industry
- Online Employment Services – The article discusses an operator of online job boards.
- Artificial Intelligence – The use of AI in recruitment software to improve efficiency and results is a key aspect of the article.
Financials
- 100 million – Expected annual revenue of Red Arbor following recent acquisitions.
- 53 million – Red Arbor's previous annual revenue before acquisitions.
- 4.0 million – Reported loss for Red Arbor, presumably for 2023.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Red Arbor | Target Company | Company | A Spain-based job board operator focusing on the Latin American market. |
| David González Castro | Founder | Person | Founder of Red Arbor, previously founded Anuntis. |
| Catho | Acquired Company | Company | A job board operating in Brazil acquired by Red Arbor. |
| OCC | Acquired Company | Company | A job board operating in Mexico acquired by Red Arbor. |