Recruit Holdings confirms acquisition of Simply Hired

04, July

Simply Hired’s assets have been acquired by Recruit Holdings, the massive group based out of Japan that owns ...

Simply Hired’s assets have been acquired by Recruit Holdings, the massive group based out of Japan that owns Indeed.com and many other recruitment and job listings portals. Recruit plans to continue operating simplyhired.com, but now as a publishing partner of Indeed.

Recruit stated its commitment to increase its leadership position in the HR industry through both organic growth and M&A activities. In addition to strengthening its operations in Japan, Recruit sees many opportunities to grow in international markets and become a global HR leader.

The acquisition underscores how there is ongoing consolidation in the recruitment market. In June, Monster acquired Jobr, a “Tinder for jobs” app. Microsoft’s $26 billion acquisition of LinkedIn will also raises the question of how and if Microsoft plans to build up LinkedIn’s sizeable recruitment business, or potentially sell it off to one of the other giant specialists in the field.

Recruit Holdings itself has been an active buyer not just of job finding sites, but also of adjacent services, such as Treatwell, a Style Seat-type company that lets you book appointments with beauty specialists; and Quandoo, an Opentable-style restaurant booking service. This latest move to grab Simply Hired will expand its footprint and economy of scale in owning the sites that people visit the most when looking for work, or to book workers.

Simply Hired was originally founded in 2004 and is based in Sunnyvale, California. In its time as a startup, it raised just over $34 million in funding from investors, and expanded its operations to 24 countries and 12 languages.

The company built a brand for itself as not only a place where people could upload job listings, but more importantly as a search engine for jobs listed around the internet. Simply Hired has around 30 million visitors each month, and its searches covered some 6 million jobs across 700,000 employers.

Source: TechCrunch