U.S. job hunting service Glassdoor, which is best known for providing insight into company working cultures, has been acquired for $1.2 billion in cash by Recruit, a $39 billion Japanese corporate that specialises in HR and recruitment services.
Buying Glassdoor will expand Recruit’s reach in the United States, a market it tapped through its acquisition of Connecticut-based job search site Indeed in 2012.
“Glassdoor’s database of employer information and the job search capabilities of Indeed complement each other well,” Recruit’s chief operating officer, Hisayuki Idekoba, said in a statement.
The announcement came in the form of a blog by current chief executive and co-founder, Robert Hohman, who will continue to lead the company.
“It has been nearly 10 years since we launched Glassdoor. In that time we have introduced important transparency to the world of work and transformed how people search for jobs and how companies recruit. 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.”