Glassdoor acquired in £900million deal

Glassdoor acquired in £900million deal

Glassdoor, the anonymous job review site, has been bought by a Japanese firm for $1.2billion (£900million).

Tech Crunch reports that the buyer, Recruit, specializes in HR and recruitment services. The acquisition will see Glassdoor continuing to maintain its brand.

“Our mission has been the same since day one: to help people everywhere find a job and company they love,” Glassdoor CEO Robert Hohman wrote in a blog post. “That mission will not change as part of Recruit. Glassdoor will continue to operate as a distinct brand to fulfil this mission — and will be able to do so with greater speed and impact than we could achieve alone.”

Recruit was founded in 1960 and is headquartered in Tokyo, Japan. It already owns Indeed, the job search engine and Simply Hired.

Glassdoor was founded in 2007 and is used by 59 million people each month.

“After a decade, I still feel as though we are just getting started,” added Hohman. “I am incredibly excited about the opportunity in front of us to help even more job seekers find the right opportunities for them while also helping more employers attract high-quality candidates.”

"I am delighted to welcome Glassdoor to the Recruit Group, said Hisayuki Idekoba (Deko), COO of Recruit and Head of Recruit's HR Technology Segment. “Glassdoor presents a powerful platform that is changing how people find jobs everywhere."

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