Indeed, the worldwide job search engine, announced Tuesday Sept. 25 that it will be acquired by Japan-based HR company Recruit Co. The acquisition will allow Indeed to continue its rapid expansion while benefiting from Recruit’s reach and resources.
As one of the largest private companies in Japan, Recruit has 22,000 employees and $10 billion in annual revenue. With its new acquisition, the HR company will gain what is said to be the no. 1 job site worldwide; Indeed also benefits as it will now have access to Recruit’s resources and leadership position in Asia.
“Recruit aspires to be the leader in HR and recruitment services worldwide,” said Masumi Minegishi, CEO of Recruit. “Our acquisition of Indeed is a critical step in achieving that goal and we are excited to help build on Indeed’s #1 position in job search.”
Indeed was launched in 2004 as the first comprehensive search engine for jobs. The site is currently available in more than 50 countries and 26 languages. The job-search engine attracts 80 million unique visitors per month and has more than 1 million new resumes added each month. Indeed is the no.1 leader in: job sites in the US, Canada, the UK and France, mobile job search, pay-per-click recruitment ad network, employer reviews, and external source of hire in the US.
“We became the world’s leading job site by putting job seekers’ interests first and providing the best possible job search experience in every market,” said Rony Kahan, Indeed’s co–founder.
“Our success is also due to our dedicated team of employees and our tens of thousands of loyal advertiser and publisher partners,” said Paul Forster, co–founder. “We are excited to work with Recruit to build on our leadership position.”
Indeed will operate independently of Recruit; Its current senior management team will lead the site.