Recruit Holdings closes Glassdoor deal
21 Jun 2018
Recruit Holdings has added another champion to its already impressive stable by acquiring Glassdoor for $1.2 billion U.S.. The Tokyo-based company, which also owns Indeed, announced the completion of the deal in a news statement sent to AIM Group on Thursday. Glassdoor confirmed the news in a blog post.
Recruit Holdings announced its intentions to buy the San Francisco-based job board and employer review site in May (we reported on it here). At the time, the company said Glassdoor and Indeed would continue to operate as separate entities but would collaborate on “specific challenges”.
This sentiment was echoed in Thursday’s news statement, with the company saying it would “operate Glassdoor as a distinct and separate part of its growing HR Technology business segment, aligning Glassdoor and Indeed as sister companies.” Glassdoor CEO and co-founder Robert Hohman (LinkedIn profile) will continue to lead the business.
“With this acquisition, we will be stronger and better positioned than ever before,” Hohman wrote in a note to employees. He added that there would be no changes to jobs or reporting structures for Glassdoor’s staff.
Launched in 2008, Glassdoor offers reviews and insights about 770,000 companies in more than 190 countries. It says it’s used by 59 million unique visitors a month.
Recruit Holdings was founded in 1960 and operates at least 18 recruitment, auto and real estate sites, and dozens of staffing companies worldwide. It bought Indeed — which calls itself the world’s No. 1 job site — in 2012.
Glassdoor is Recruit’s third recruitment-related acquisition this year. In April we reported that Recruit Holding had bought leading Canadian job site Workopolis.com. It also bought customized CV site Resume.com in May (we reported on the sale here).