July 4, 2016 0 Comments
Simply Hired, a job portal with around 30 million users based in California, was acquired by Recruit Holdings, the Japanese recruitment company that owns Indeed.com and other recruitment and job listings portals. According to sources, Recruit plans to relaunch simplyhired.com as Indeed’s publishing partner. The acquisition is only the latest in a series of investments and acquisitions in the online recruitment sector. Recently, Monster acquired Jobr, Microsoft bought LinkedIn for $26 billion, The Muse raised $16 million, and JobandTalent raised $41 million. All these development show how bullish investors are in the recruitment sector, which, according to MarketResearchReport.biz, will grow at a compound annual growth rate of 6.47% from 2016 to 2020 and surpass US$10 billion by the end of the forecast period.
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