Recruit Holdings adds to job board portfolio with Glassdoor, complements Indeed
Recruit Holdings Co. Ltd.’s deal to pay $1.2 billion in cash to acquire Glassdoor will add to its HR technology offerings that already include jobs website Indeed — and the deal brings further change to the job board landscape.
While Recruit ranks as one of the world’s largest staffing firms, Staffing Industry Analysts also ranked it as one of the largest job board operators in a report issued last year.
“Recruit has a global portfolio of online advertising brands including important job boards such as Indeed so the addition of Glassdoor is a natural complement to this portfolio,” said John Nurthen, executive director of global research as SIA. “There has been a lot of consolidation in this highly competitive space over the past 12 months with Recruit at the forefront.”
Indeed was itself acquired in 2012. And Recruit’s HR Technology segment, which includes Indeed, reported revenue rose 67.3% year over year to $509.9 million in the three months ended Dec. 31. 2017. The company also announced last month that it was purchasing Canadian jobs website Workopolis.com.
“Glassdoor’s database of employer information and the job search capabilities of Indeed complement each other well,” said Hisayuki Ideokoba, Recruit’s COO and head of its HR Technology segment. “Glassdoor’s mission of helping people everywhere find jobs and companies they love is a great fit with Indeed’s goal of helping people get jobs.”
Some statistics on Glassdoor:
Net sales rose 36.4% to $170.8 million in the 12 months ended March 31, 2018.
However, the company posted a net loss of $22.2 million. That compared to a net loss of $41.2 million in the year-ago period.
Has more than 59 million unique users as of January 2018.
Has reviews and insights for more than 770,000 companies located in more than 190 countries.
The Mill Valley, Calif.-based firm founded in 2007 also has approximately 750 employees.
Glassdoor CEO and co-founder Robert Hohman will remain with Recruit and report to Idekoba. Glassdoor will also be part of the company’s HR Technology segment as a sister company of Indeed.
Going forward, Recruit said both Glassdoor and Indeed will operate under their own brands, but the company will explore opportunities for them to collaborate over time.
“Both companies’ missions are to help people get better jobs, but each has prioritized how to improve the job seeker experience from different angles,” according to Recruit. “While Indeed focused on simplifying the job search experience, Glassdoor focused on providing job seekers information during their job search. Glassdoor’s database of employer information complements the existing job search capabilities of Indeed.”
It also plans to evaluate the integration of Glassdoor and Indeed’s sales and marketing teams.
“Both companies have robust sales and marketing organizations, with expertise that aligns with their value proposition for both job seekers and employers, and we don’t expect that to change as a result of this transaction,” according to Recruit. “As a result of this partnership, we will evaluate the best solution for our job seekers and for employers going forward.”