Japan Based Company Acquires Hiring Platform Glassdoor for $1.2 Bn
Recruit Holdings, a Japan-based HR services provider announced on Wednesday that it reach an agreement with California-based job site operator Glassdoor to acquire the company for $1.2 billion to get access to the database of company reviews and salary data.
Glassdoor is a private company founded in 2007 that allows its employees and former employees to anonymously review companies for which they work or previously worked for and their management as well. TechCrunch defines the company as a site that “collects company reviews and real salaries from employees of large companies and displays them anonymously for all members to see.”
The company last received decent funding throughout its years of activity. The company raised a Series B funding round of $3 million in 2008 from Benchmark...