IPDN - Professional Diversity Network to acquire interests in RemoteMore USA

Professional Diversity Network (IPDN) trades 4.7% higher premarket after entering into a stock purchase agreement to acquire equity interests in RemoteMore USA, an innovative company that provides remote-hiring marketplace services for developers and companies.Transaction expected to close in 2Q21.On completion, the company will have the ability to become RemoteMore's largest shareholder and obtain significant influence on its operations."..the marriage between PDN and RemoteMore will not only effectively address technology companies’ hiring needs, but also help whole society access a larger, diversified pool of qualified candidates. Meanwhile, the platform also gives programmers the ability to overcome the physical barrier of commuting to find their desired employers. This deal is in line with PDN’s core business strategy," CEO Adam He commented.

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Professional Diversity Network to acquire interests in RemoteMore USA