Glassdoor to be acquired by Recruit Holdings for $1.2 billion
Glassdoor is a leading job and recruiting company well known for providing greater workplace transparency. Recruit Holdings, a leading Japanese-based HR company, plans to operate Glassdoor as a distinct and separate part of its growing HR Technology business segment.
Glassdoor, which launched in 2008, is one of the largest job sites in the U.S. and welcomes 59 million people to its platform each month.
People come to find the latest jobs combined with insights into jobs and companies. Glassdoor currently has rich data on more than 770,000 companies located in more than 190 countries.
This includes more than 40 million reviews and insights, including company reviews, CEO approval ratings, salary information, interview questions, office photos and more. In addition, Glassdoor provides recruiting solutions to more than 7,000 employers, including 40 percent of the Fortune 500.
Founded in 1960, the Recruit Group creates and provides platforms that connect companies and consumers.
Headquartered in Tokyo, Japan, the Group operates a wide range of services, including HR technology, recruitment advertisement, employment placement, staffing, housing and real estate, bridal, travel, dining, beauty and others.
The Group has more than 45,000 employees and operates in more than 60 countries.
The transaction is expected to close this summer and is subject to regulatory approvals and closing conditions. ■