How it started
History
Indeed was cofounded by Paul Forster and Rony Kahan in 2004 in both Austin, Texas, and Stamford, Connecticut. The Stamford offices house the company's sales, client services, finance, and human resources teams, while the product development staff is based in Austin.
In 2005, Indeed launched the beta version of their "pay-per-click job advertising network". In addition to searching job postings, it allows the frequency of specific words within these postings to be tracked over time, serving as a potential 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 Company and Allen & Company.
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 ending December 31, 2019, was £41.2m.
On October 1, 2012, Indeed was acquired by Japan-based Recruit Co. Ltd., becoming an independent operating unit.
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.
From Wikipedia’s article on Indeed, shared under CC BY-SA 4.0.2