UBM acquires virtual career fairs business for $3m

Global exhibition organiser UBM has purchased privately-owned US virtual career fairs business, Astound on behalf of UBM Studios.

UBM has acquired Astound
UBM has acquired Astound

The deal sees an initial cash payment of $120,000 and further performance related consideration of up to $3m payable over the next three years.

Astound’s key virtual career fair products are Milicruit and Unicruit. Milicruit allows US veterans and other personnel leaving the armed services to meet potential employers in an interactive 3D virtual setting. 

Unicruit is a university-centric job fair in which universities help students find employment after graduation.

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