Monster is an online portal that provides job search services to registered users and recruitment solutions to clients. It has a workforce of 600 across the three geographies. Monster Worldwide is owned by Randstad. The three entities together had revenue of USD26m in CY16, and have not seen growth since CY14. Combined profitability, we reckon, would be slightly in the red. The entities would be acquired for an Enterprise Value of up to USD14m (0.5x trailing revenue) and the transaction is expected to be completed by 4QFY18. The acquisition would complement QUESS' presence in HR services and pose opportunities for value addition to its existing customers.