Wednesday, May 9, 2018

Glassdoor Acquired For $1.2 Billion By Recruit Holdings

Mill Valley, California-based online job and recruiting site Glassdoor has been acquired by Japanese company Recruit Holdings, the two said on Tuesday, in a deal worth $1.2 billion in cash. According to Glassdoor, Recruit will offer its services as a "distinct and separate part" of its HR Technology business segment. Recruit offers up human resources technology and services. Glassdoor's CEO and co-founder is Robert Hohman, who will continue to lead the company. Glassdoor was backed by $200M in funding from Battery Ventures, T. Rowe Price, Capital G, Sutter Hill Ventures, Tiger Global, Benchmark Capital, DAG Ventures, Dragoneer Investment, Google Capital, and others. The companies said Glassdoor was advised by Qatalyst Partners, with Gibson, Dunn & Crutcher is its legal adviser. Recruit was advised by Goldman Sachs & Co. LLC and Sullivan & Cromwell LLP.