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Home / Business / Jobs Platform Glassdoor is acquired by Japan's Recruit Holdings for $ 1.2 billion

Jobs Platform Glassdoor is acquired by Japan's Recruit Holdings for $ 1.2 billion



Glassdoor Inc., the popular job search platform that offers people a window into the conditions of hundreds of thousands of businesses, has agreed to be taken over by Japan

Recruitment of investments
Co.

for 1.2 billion dollars.

Founded in 2008, the Mill Valley, California-based start-up has previously raised approximately $ 200 million from venture investors such as Battery Ventures, Tiger Global, and Google's corporate venture arm. Your first institutional investor was Benchmark.

According to PitchBook Data estimates, Glassdoor recently bought up capital in a round that the company valued at $ 820 million in 201

6.

Recruit Holdings is a full-service recruitment firm on the Tokyo Stock Exchange. Recruit said it intends to maintain Glassdoor as a separate part of its H.R. Technology department and is headed by

Robert Hohman,

Glassdoors Cofounder and CEO

According to the crowdsourcing database and reports from around 770,000 companies, Glassdoor attracts approximately 59 million monthly visitors to its platform.

The acquisition is expected to be completed this summer. [19659008]
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