Recruit Co. announced today that is has bought Austin-based job listing site Indeed.com.
The Japanese-based provider of HR and recruitment services, did not disclose the terms of the deal. MarketWatch is reporting that the New York Times, which invested in Indeed.com in 2005, stands to gain $100 million from the sale.
Indeed will retain its current workforce and operate as an independent unit of Recruit. The company has 175 employees in Austin and 500 worldwide, according to the Austin American Statesman. The acquisition allows it to expand in Asia, Europe and the Americas, according to a news release.
“We became the world’s leading job site by putting job seekers’ interests first and providing the best possible job search experience in every market,” Rony Kahan, Indeed’s co–founder, said in a statement.
“Our success is also due to our dedicated team of employees and our tens of thousands of loyal advertiser and publisher partners,” Paul Forster, co–founder, said in a statement. “We are excited to work with Recruit to build on our leadership position.”
Founded in 2004, Indeed.com attracts 89 million unique visitors per month and is the number one job site in the U.S. and other countries. It is available in more than 50 countries and in 26 languages. It has more than 25,000 customers.
Full disclosure: Silicon Hills News runs Indeed.com technology job listings, but Indeed.com has never paid us a dime. 🙂