Professional Diversity acquires additional equity interest in RemoteMore

Professional Diversity Network announced the acquisition of additional 20% of equity interest in RemoteMore USA on March 23, 2023, an online platform specializing in remote-hiring of software developers, increasing PDN’s ownership position in RemoteMore to approximately 66% after the transaction. "We are exhilarated to see the success of RemoteMore since the initial acquisition, which echoed our interpretation of the market needs in the recruitment industry; by adding RemoteMore to our platform allows us to respond to the market timely and on a wider magnitude," said Adam He, CEO of PDN, "the further investment in RemoteMore demonstrates our confidence in its steady growth and our determination to position PDN as the leader in diverse, specialized hiring." Now with PDN’s approximate 66% ownership of RemoteMore, He expects further integration between RemoteMore and PDN’s core business.