Japanese HR services provider Recruit Holdings Co acquires Glassdoor Inc for $1.2 billion

The acquisition will enable Recruit to expand its reach in the U.S. job market.

On Wednesday, Recruit Holdings Co, a Japanese HR services provider disclosed it will acquire Glassdoor Inc for $1.2 billion.

The move will enable Recruit to tap into Glassdoor’s database of company reviews and salary data.

Founded in 2007, Glassdoor is a privately held company which was valued at $1 billion when it last raised funds in 2016.

Its backers include T. Rowe Price. billionaire Chase Coleman’s hedge fund Tiger Global Management and Google Capital.

“Glassdoor’s database of employer information and the job search capabilities of Indeed complement each other well,” said Hisayuki Idekoba, Recruit’s CEO in a statement.

Following the acquisition, Glassdoor will continue to be led by its co-founder and current CEO Robert Hohman, said Recruit.

The all-cash deal is expected to close during the July-September quarter, subject to regulatory approvals.

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Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Regulations & Legal, Strategy

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