Indeed Acquires HR Technology Company

Job boards continue to look for ways to guide job seekers and expand their offerings. The latest: Indeed has acquired Interviewed. Let’s take a look at the deal and other acquisitions across the recruiting industry that are making headlines. 
Indeed acquires Interviewed

August 14, 2017 – Job-site leader Indeed has acquired Interviewed, an HR technology company that streamlines how employers identify and evaluate candidates. Financial terms of the deal were undisclosed.

As part of the acquisition, all of Interviewed’s employees, including CEO Darren Nix and co-founders Daniel O’Shea and Chris Bakke, will become Indeed employees.

“Indeed’s mission is to help people get jobs, and today we make it easy for millions of job seekers to find and apply to jobs all over the world,” said Chris Hyams, Indeed president. “Interviewed’s technology is a natural extension, allowing job seekers to demonstrate their skills, and enabling employers to quickly and easily identify the best candidates for their roles. We are excited to have the Interviewed team join us to help make hiring more efficient for the millions of employers hiring on Indeed.”

San Francisco-based Interviewed, founded just two years ago, has developed a series of automated screening tools, including programming tests, personality assessments, and language skills. Candidates can go through simulations that will give employers valuable insights into their readiness and qualifications unique to each job, while experiencing what a typical day might be like, helping to better inform their job search. Its top clients include IBM, Clara Labs, Zillow and Thumbtack.

Indeed was also one of Interviewed’s clients, and its Japan-based parent company, Recruit, was an early investor. The job platform used Interviewed’s application programming interface to allow employers to attach an automated screening interview or assessment to applications.

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“We are thrilled that Indeed, the leader in online hiring, will be integrating our platform with its extensive service offerings that work to bring the right candidate to the right opportunity,” said Mr. Nix. “Indeed’s relentless commitment to helping people find jobs makes it a great home for Interviewed’s tools that strive to cut hiring time in half and create a better experience for both job seekers and hiring managers.”

Recent Growth

Launched in 2004, Indeed was the first comprehensive search engine for aggregating jobs, and is now available in over 60 countries and 28 languages.

Last year, Indeed launched Job Spotter, a mobile app designed to bring offline local job postings online, and to help businesses of all sizes increase visibility of their local opportunities with the power of crowdsourcing. Job Spotter was initially conceived through Indeed University, Indeed’s internal training program in data-driven product design for software engineers that also functions as a new product incubator.

Acquisitions Continue to Make Headlines In Recruiting Industry
The wave of M&A activity among executive search firms continues. The latest deal: Solon, OH-headquartered Torch Group has acquired Selker Leadership, a search firm that places candidates in the technology and software fields.

The company also launched Indeed Prime, a specialty job site that provides employers with top talent based on coding skills, education and work experience. The product is designed to address the growing need for technical talent in a variety of industries. “It is increasingly competitive for companies to find the technical talent they need as companies ramp up their demand for these professionals,” said Terence Chiu, VP of Product at Indeed. “Employers that use Prime will find talent that they wouldn’t normally see through traditional university recruiting, staffing agencies and job postings.”

M&A Activity

Mergers and acquisitions among job boards and recruiting sites have been on the rise recently and more are likely to come. Here’s an overview from the Hunt Scanlon Media Archives:

Bradley-Morris Acquires RecruitMilitary Bradley-Morris, Inc. (BMI), a recruiting firm focused on the placement of military veterans, has acquired Loveland, OH-based job board RecruitMilitary (RM). The combined entity will be the largest military recruiting company in the U.S., offering employers access to more than one million military job seekers.

Randstad Finalizes Monster Acquisition Amsterdam-based human resource services provider Randstad Holding has completed its acquisition of Monster Worldwide. Under the terms of the deal, Randstad paid $3.40 per share in cash, or a total purchase price of approximately $429 million.

Microsoft to Buy LinkedIn for $26.2 Billion Microsoft agreed last year to acquire LinkedIn, the world’s largest and most valuable professional network, for $26.2 billion. Under terms of the deal, LinkedIn retains its distinct brand, culture and independence.

Adecco to Acquire Penna Consulting for $149 Million HR solutions company Adecco acquired U.K.-based Penna Consulting Plc for $149 million as it seeks to strengthen its services outside the U.S. market. The company agreed to pay a 62 percent premium for Penna, according to industry sources.

Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; Stephen Sawicki, Managing Editor; and Will Schatz, Managing Editor – Hunt Scanlon Media

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