The first Romanian dotcom millionaires are Liviu Dumitrascu (30) and Daniel Tatar (29), the two young people who, eight years ago, founded eJobs.ro, currently Romania's largest online recruitment website.

Liviu Dumitrascu and Daniel Tatar sold 30% of the company to US-based investment fund Tiger Global Management, for 4.2 million euros. The transaction was completed at the end of last week, sources close to the dealings told ZIARUL FINANCIAR.

This is the largest domestic transaction involving an Internet company and one of the past year's biggest deals on the local IT&C market. The eJobs founders were assisted by law firm Tuca, Zbarcea & Asociatii and by consulting company Capital Partners, while the American fund was counselled by Biris & Goian.

eJobs.ro officials could not be contacted for comment by the time the story was ready for print.

The transaction closed with Tiger Global Management puts the value of eJobs, Romania's largest online recruitment website, at 14 million euros - a 32 multiple of the EBITDA (earnings before interest, taxes, depreciation and amortisation).

The evaluation of eJobs by a 32 multiple of the EBITDA, the highest of all the recent transactions concluded on the local market, takes into account the growth rate posted by the company and by the local online recruitment market, as well as their outlook for future years.

According to the 'Top transactions' yearbook published last year by Ziarul Financiar, the biggest mobile and fixed telephone operators on the local market were assessed using an EBITDA multiple ranging between 8 and 12.

eJobs last year saw its turnover grow ten times against 2005, up to one million dollars, and, for this year, the company estimates a 300% surge, to three million dollars.

Liviu Dumitrascu, one of the company's founders, had previously told ZF that he expected