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This article is about an employment website. For other uses, see Indeed Tower and Indeed Brewing Company.

Indeed
Type of site
Job search engine
FoundedNovember 2004; 20 years ago (2004-11)
HeadquartersAustin, Texas, U.S.
Stamford, Connecticut, U.S.
OwnerRecruit
Founder(s)Paul Forster
Rony Kahan
CEOChris Hyams[1]
Employees11,500+[2]
URLindeed.com
CommercialYes
RegistrationNot Required
Current statusActive

Indeed is an American worldwide employment website for job listings launched in November 2004. It is a subsidiary of Japan's Recruit Co. Ltd. and is co-headquartered in Austin, Texas and Stamford, Connecticut, with additional offices around the world.[3] As a single-topic search engine, it is also an example of vertical search. Indeed is currently available in over 60 countries and 28 languages. In October 2010, Indeed.com passed Monster.com to become the highest-traffic job website in the United States.[4]

The site aggregates job listings from thousands of websites, including job boards, staffing firms, associations, and company career pages. They generate revenue by selling premium job posting and resume features to employers and companies hiring.[5] In 2011, Indeed began allowing job seekers to apply directly to jobs on Indeed's site,[6] and offering resume posting and storage.[7]

History

Indeed was co-founded by Paul Forster and Rony Kahan in 2004 in both Austin, Texas and Stamford, Connecticut.[8] The Stamford offices house the company's sales, client services, finance and human resources teams while the product development staff is based in Austin.[3]

In 2005, Indeed launched their beta version of their "pay-per-click job advertising network".[9] In addition to searching job postings, it allows the occurrence of words therein to be plotted over time, ostensibly as an indicator of trends in the job markets. The company took an investment round of $5 million in funding from Union Square Ventures, The New York Times and Allen & Company.[10]

Indeed operates in the UK via Indeed UK operations Ltd which is a subsidiary of Indeed Operations Ireland Ltd, whose ultimate holding company is Recruit Holding Co Ltd. Turnover in the UK for the year to 31 December 2019 was £41.2m.

On October 1, 2012, Indeed became an independent operating unit of Japan-based Recruit Co. Ltd.[11]

On July 1, 2016, Recruit Holdings Co., Ltd. announced that it had acquired the assets of Indeed's competitor Simply Hired, which would become a publishing partner of Indeed.[12]

On May 30, 2019, Indeed announced that it had signed an agreement to acquire Syft, a leading recruiting platform for the hospitality, event, and light industrial sectors in the UK.[13]

On July 12, 2019, Indeed announced that it had signed an agreement to acquire ClickIQ, an automated job advertising technology platform, based in the UK.[14]

In May 2022, Indeed announced the organisation had launched the Indeed Small Business Hiring Fund. The Fund delivered $50 million to aid hiring efforts and quicken the speed of small business recovery. Indeed, through the fund, aimed to support small businesses’ growth by streamlining the hiring process via addressing pain points of small business hiring needs.[15]

Sponsorship

Indeed is currently the main sponsor of German football club Eintracht Frankfurt.[16]

See also

References

  1. ^ "Leadership". Indeed.com. Retrieved May 2, 2022.
  2. ^ "About Indeed". Indeed.com. Retrieved May 2, 2022.
  3. ^ a b "Indeed announces plans for several hundred new Stamford jobs". StamfordAdvocate. Retrieved January 20, 2018.
  4. ^ Schonfeld, Erick (November 17, 2010). "Indeed Slips Past Monster, Now Largest Job Site By Unique Visitors". TechCrunch. Retrieved December 9, 2010.
  5. ^ "8 Alternatives to Indeed | Job Search". Bagsy. October 5, 2019. Archived from the original on May 31, 2020. Retrieved October 5, 2019.
  6. ^ "New Feature: Indeed Apply". Resfly Blog. Resfly. Archived from the original on February 23, 2012. Retrieved February 21, 2012.
  7. ^ Zappe, John (September 14, 2011). "Indeed Makes it Official and Launches Resume Search". ere.net. Retrieved January 12, 2014.
  8. ^ "Founders". InternetInc.com. Retrieved August 23, 2014.
  9. ^ Baker, Loren (May 16, 2006). "Indeed.com Launches Job Search PPC Advertising Network". Search Engine Journal. Retrieved April 9, 2008.
  10. ^ Shontell, Alyson (September 25, 2012). "Indeed, An Almost Entirely Bootstrapped Job Search Giant, Gets A Monster Exit". Business Insider. Retrieved February 28, 2018.
  11. ^ "Indeed Announces Acquisition by Recruit Co. Ltd". Retrieved October 1, 2012.
  12. ^ Lunden, Ingrid. "Indeed owner Recruit Holdings confirms acquisition of Simply Hired". Techchrunch. Retrieved July 1, 2016.
  13. ^ "Indeed confirms acquisition of Syft". Indeed. Retrieved May 30, 2019.
  14. ^ "Indeed announces acquisition of automated recruitment technology platform ClickIQ". Indeed. Retrieved July 12, 2019.
  15. ^ "Indeed Launches $50M Small Business Hiring Fund". Business Wire. May 10, 2022. Retrieved May 10, 2022.{{cite web}}: CS1 maint: url-status (link)
  16. ^ Bassam, Tom (August 16, 2019). "Eintracht Frankfurt extend Indeed shirt deal through 2023 - SportsPro Media". www.sportspromedia.com. Retrieved May 25, 2021.{{cite web}}: CS1 maint: url-status (link)


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