Glassdoor acquired by Indeed’s parent company for $1.2bn

Employee review and job site Glassdoor has been acquired by Japanese company Recruit Holdings for $1.2 billion.

Recruit Holdings also owns the job board aggregator Indeed.com, but has said that the Glassdoor brand will be retained.

Glassdoor was launched almost 10 years ago as a way for prospective candidates to read anonymous reviews of workplaces, and has since moved into advertising roles and enabling employees to record salaries and benchmark them against other employers in their sector.

In a blog announcing the proposed merger, CEO Robert Holman said: “Our mission has been the same since day one: to help people everywhere find a job and company they love.

“That mission will not change as part of Recruit. Glassdoor will continue to operate as a distinct brand to fulfill this mission — and will be able to do so with greater speed and impact than we could achieve alone.”

Glassdoor will become part of Recruit Holdings’ HR technology business and the deal is expected to close this summer, subject to regulatory approval.

“Glassdoor presents a powerful platform that is changing how people find jobs everywhere,” said Hisayuki Idekoba, Recruit Holdings’ chief operating officer and head of its HR technology unit.

He added that Glassdoor was “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 joining together of Indeed and Glassdoor under the same ownership comes after Google launched its own job search service last year, where candidates can view roles from a range of partners, including LinkedIn.

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