Recruit Holdings acquires Glassdoor

 

On May 8th Glassdoor announced that it was to be acquired by Recruit Holdings Co., Ltd for $1.2bn in an all cash-transaction. Back in 2012, Recruit Holdings acquired US-based Indeed, so it’s well-versed in taking on well-established brands and working with them to do better.

Much like Indeed, Recruit Holdings plans to operate Glassdoor as a distinct and separate part of its growing HR Technology business segment.

Rober Holman, Glassdoor CEO and co-founder said, "Glassdoor has transformed how people search for jobs and how companies recruit. Joining with Recruit allows Glassdoor to accelerate its innovation and growth to help job seekers find a job and company they love while also helping employers hire quality candidates.

‘I look forward to leading Glassdoor through this exciting new chapter, and to exploring ways to use our combined resources and assets to benefit job seekers, employees and employers once the deal closes."

Hisayuki Idekoba (Deko), COO of Recruit and Head of Recruit’s HR Technology Segment said, “I am delighted to welcome Glassdoor to the Recruit Group. Glassdoor presents a powerful platform that is changing how people find jobs everywhere. Glassdoor is an impressive company with strong leadership, mission, products, clients and employees. We are excited to help them continue to grow and deliver value to the job seekers and employers they serve.”

The transaction is expected to close this summer and is subject to regulatory approvals and closing conditions.

 

Wednesday, 9 May 2018

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Recruit Holdings acquires Glassdoor
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