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Home / Technology / Job Hunt Service Selling Glassdoor to Japan's Recruit for $ 1.2 Billion – TechCrunch

Job Hunt Service Selling Glassdoor to Japan's Recruit for $ 1.2 Billion – TechCrunch



U.S. Job Search Glassdoor, which is best known for providing insight into its corporate culture, was acquired by Recruit for $ 1.2 billion in cash [1949007] a $ 39 billion Japanese firm focused on HR Specialized in Recruitment Services

With the cash acquisition, Glassdoor will continue its brand, CEO Robert Hohman said in a blog post.

"Our mission has remained the same since day one: helping people everywhere find a job and a business they love, and this mission will not change as a part of recruit." Glassdoor will continue to operate as a standalone brand, to accomplish this mission ̵

1; and will do so with greater speed and impact than we could achieve on our own, "wrote Hohman.

Glassdoor raised slightly more than $ 200 million from investors overall in its final round of a $ 40 million Series H in March 2016. This latest investment gave Glassdoor a valuation of approximately $ 1 billion. That's not much more than what Recruit pays, suggesting that Glassdoor's recent years of growth were not as spectacular.

Nonetheless, this deal looks like a win for those backers, especially previous investors such as Benchmark and Battery Ventures

The ten-year Glassdoor says it is used by 59 million people each month, many of them in come to the service to read how companies are valued by the people who work or work there. Headquartered in the US, Glassdoor has information on more than 770,000 companies in 190 countries worldwide, including 40 million culture reviews, CEO ratings, salary information, and more.

Glassdoor earns revenue from recruitment services, claiming to work with approximately 7,000 employees and 40 percent of the Fortune 500.

Recruit may not be a household name in the US, but the Japanese company is huge, and it's history as a buyer of overseas deals. 19659002] Founded in 1960, the company is listed on the Toyko Stock Exchange and employs 45,000 people in 60 countries

Beyond recruitment and HR services, it also operates in real estate, travel, restaurants and other segments. This is reflected in past acquisitions, including the US job boards Indeed.com (2012), Simply Hired (2016) and in Europe the restaurant website Quandoo (2015), hair and beauty service Wahanda (2015) and The educational technology company Quipper belongs (2015).


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