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The leading global recruitment site, Indeed, has signed a deal to acquire ClickIQ, a U.K. based automated recruitment platform.

ClickIQ was founded in 2017 by Richard Collins (LinkedIn profile) and Beverly Shaw (LinkedIn profile) and in January announced that it was rolling out its AI-driven marketing and analytics platform internationally and appointed Jim Stroud as VP for North America ahead of its launch.

It uses proprietary technology to manage, track and optimise the performance of recruitment advertising in real-time to target candidates in a cost-effective way.

The deal follows Indeed’s recent acquisition of recruiting platform Syft in May.

“The team at ClickIQ have built an innovative technology solution for optimising job advertising spend to reach both active and passive jobseekers,” said Maggie Hulce (LinkedIn profile), SVP sales strategy at Indeed.

“In partnership, we will strengthen our ability to deliver qualified applications – and ultimately hires – to employers quickly and cost-effectively, using AI to deliver the right number of candidates.”

“We set out to build a technology platform that offers companies more cost-effective results, greater insight and more effortless control over their recruitment advertising budgets,” said Richard Collins and Beverly Shaw.

“With Indeed’s support, we look forward to scaling this model to employers around the world.”

Indeed said in April it is hiring 600 new staff over the next five years across finance, marketing, sales, operations, client services, HR and business development, in Dublin at its headquarters for its businesses in Europe, the Middle East and Africa (EMEA).

The acquisition is expected to be completed in July 2019.