It’s no secret that Indeed is one of my favorite tech companies in Austin. Their technology powers our jobs page here on the blog. I love their aggregation model, and I’ve seen the number of job listings on their site go straight up and to the right every month. Years ago they surpassed Monster.com (the incumbent market leader) in job listings. They took funding from a top-tier venture capital firm (Union Square Ventures) and just focused and executed. It’s been a pleasure to be a Capital Factory mentor with Rony Kahan, CEO and co-founder of Indeed.
Indeed today announced that it will be acquired by Recruit Co. Ltd, a leading provider of integrated HR and information services based in Japan. The acquisition enables Indeed, the most visited job site in the world, to continue its rapid expansion while benefiting from Recruit’s reach and resources. Indeed will be an independent operating unit of Recruit, led by Indeed’s current senior management team.
“We became the world’s leading job site by putting job seekers’ interests first and providing the best possible job search experience in every market,” said Rony Kahan, Indeed’s co-founder.
“Our success is also due to our dedicated team of employees and our tens of thousands of loyal advertiser and publisher partners,” said Paul Forster, co-founder. “We are excited to work with Recruit to build on our leadership position.”
Indeed launched in 2004 as the first comprehensive search engine for jobs and is now available in over 50 countries and 26 languages. Indeed attracts 80 million unique visitors per month and is the #1 job site in a growing number of countries, including the US, Canada, the UK and France, and leads worldwide in mobile job search. By combining with Recruit, Indeed will deepen its presence in Asian markets, while continuing its expansion in Europe and the Americas.
“Recruit aspires to be the leader in HR and recruitment services worldwide,” said Masumi Minegishi, CEO of Recruit. “Our acquisition of Indeed is a critical step in achieving that goal and we are excited to help build on Indeed’s #1 position in job search.”
With over 25,000 employer clients, Indeed is the top external source of hires in the US. Indeed is also the biggest employer review site in the world, with over one million reviews. Since launching resumes a year ago, job seekers now upload more than one million new resumes each month.