News | Glassdoor acquired in $1.2 billion deal
Glassdoor – leading job and recruiting company- announced today that it is to be acquired by Recruit Holdings Co., Ltd. for $1.2 billion. Glassdoor is known for providing greater workplace transparency. Japanese-based HR companyRecruit Holdings plans to operate Glassdoor as a distinct and separate part of its growing HR Technology business segment.
Speaking on the new deal, Robert Hohman, Glassdoor CEO and co-founder, stated that “Glassdoor has transformed how people search for jobs and how companies recruit. Joining with Recruit allows Glassdoor to accelerate its innovation and growth to help job seekers find a job and company they love while also helping employers hire quality candidates,”
Hisayuki Idekoba (Deko), COO of Recruit and Head of Recruit’s HR Technology Segment stated “I am delighted to welcome Glassdoor to the Recruit Group. Glassdoor presents a powerful platform that is changing how people find jobs everywhere,” and went on to say that “Glassdoor is an impressive company with strong leadership, mission, products, clients and employees. We are excited to help them continue to grow and deliver value to the job seekers and employers they serve.”
The deal is expected to close in the summer and is subject to regulatory approvals and closing conditions.