A Toronto-based investment holding company is buying the Asia-Pacific businesses of Monster Worldwide through an India-based subsidiary, Monster announced today. Randstad Holding NV, the parent company of Monster Worldwide, didn’t even announce the sale — meaning it did not consider the deal material to its financials.

Monster agreed to sell its India, Southeast Asia and Middle East businesses to Quess Corp. Ltd. of Bengaluru. Terms weren’t disclosed. The deal is expected to close during the next two months. Quess is owned by Thomas Cook India, which is in turn owned by Fairfax Financial Holdings Ltd. (Fairfax is no relation to the Australia-based media company Fairfax Media.)

Monster said the deal “allows us to do more in our core markets … [and to] put a dedicated focus on growing our businesses in North America and Europe,” according to Monster Worldwide CFO Robert Gibney. What he didn’t say, of course, is that Monster.com in the U.S. has fallen from a No. 1 position in recruitment advertising to become almost irrelevant among major recruitment sites.

Monster Worldwide will license its name and branding to Quess, which is expected to keep most Monster Worldwide employees in the region who were working directly for the Monster businesses in that region. Quess is a business-services provider.

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