Job-hunting and career information website Glassdoor has been purchased by Recruit Holdings for $1.2 billion in cash, the companies announced this week.
Recruit Holdings, a Japanese company, also owns Indeed.com and other jobs search websites.
CEO and co-founder Robert Hohman will continue to lead the company.
“Joining with Recruit allows Glassdoor to accelerate its innovation and growth to help job seekers find a job and company they love while also helping employers hire quality candidates,” Hohman said in a press release. “I look forward to leading Glassdoor through this exciting new chapter, and to exploring ways to use our combined resources and assets to benefit job seekers, employees and employers once the deal closes.”
The deal is expected to close this summer.
“It has been nearly 10 years since we launched Glassdoor,” Hohman said in a blog post on the company’s website. “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,” Hohman wrote. “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.”