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Monster selling APAC business

Monster Worldwide Inc. agreed to sell its Asia-Pacific business to increase focus on its North America and Europe businesses.

The company said Jan. 31 that it is selling its business in India, Southeast Asia and the Middle East to Quess Corp Ltd., an integrated business services provider in India. Financial terms of the deal were not disclosed.

The Asia-Pacific and Gulf business of Monster will continue to operate as a separate and independent entity under the Monster name within Quess, subject to a licensing agreement from Monster Worldwide.

A majority of the Monster Worldwide employees in the region will transfer to the new organization, with the exception of those at the Technology Centre in Kuala Lumpur, and in India, some tech and product employees as well as a strategic U.S. outbound sales team in India that will be retained.

Established in 2007, Quess has 65 offices across 34 cities in India, along with an overseas footprint in North America, the Middle East and Southeast Asia.

The transaction is subject to customary closing conditions and is expected to close in the first quarter.