Recruit Holdings Co., Ltd., a leading human resources company based in Japan, is acquiring Jobs Site and Recruiting Site Glassdoor, under an agreement of 1.2 billion dollars in cash.
Robert Hohman, co-founder and CEO of Robert Hohman said that joining Recruit will help them accelerate innovation and growth to help job seekers find a job and a business. They love while helping employers to hire quality candidates.
According to the agreement, Recruit would operate Glassdoor as an autonomous entity that Hohman will continue to run.
Glassdoor was launched in 2008 and has become one of the largest job sites in the United States. Its 59 million visitors a month search data on more than 770,000 companies in more than 190 countries around the world. Users are aware of more than 40 million reviews and reflections, including business reviews, salary information, CEO approval notes, interview questions and more. Moreover.
The site also offers recruitment solutions for more than 7,000 employers, including 40% of the Fortune 500 companies.
Recruit was founded in 1960 and specializes in creating and providing platforms that connect businesses and consumers. The company is currently involved in a wide range of industries, including recruitment advertising, staffing, housing and real estate, human resource technology, travel, restaurants and beauty, for just to name a few.
Hisayuki Idekoba (Deko), COO of Recruit and Head of HR Recruit, is looking forward to hosting Glassdoor in the Recruit Group, as he presents a powerful platform that changes the way people find work everywhere . Idekoba also praised the leadership, mission, products, customers and employees of the company.
Both parties are waiting for the transaction to be completed this summer pending regular regulatory approvals.
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