The popular online job search engine has been around for just over 14 years. It was founded by Paul Forster and Rony Kahan, who launched the search engine under the name indeed.com website. The company is headquartered in Austin, Texas, with a dual location in Stamford, Connecticut. Here`s a fun fact about Indeed that a lot of people don`t know. It is actually a subsidiary of a larger Japanese company called Recruit Co. Ltd. The company is headquartered in Austin, Texas and Stamford, Connecticut. The fact that Indeed is not a standalone company is actually a good thing as it gives them greater financial stability as well as the financial support of a larger, stable company that can help with expansion. Indeed operates in the UK through Indeed UK Operations Ltd, a subsidiary of Indeed Operations Ireland Ltd, whose ultimate holding company is Recruit Holding Co Ltd. Uk revenue for the year ended 31 December 2019 was £41.2 million.
It`s also good news for Indeed users to learn that the company is highly regarded in the job search industry. They generate a decent amount of revenue and it has been called the „best online business model in the history of search engine and search engine advertising“. They have developed a plan that has become one of the most monetizable industries and that concerns job search engines. We`re aware that Indeed hasn`t needed to raise funds since 2005, so we know it`s been very profitable. Today, the company has more than 10,000 employees in 20 branches around the world. More than 330 million visitors visit the company`s website each month, making it one of the largest websites in the world (job postings). We also did some research to find out what employers who use Indeed.com to find qualified candidates have to say about the system. While there were many who were very satisfied, there were others who were extremely dissatisfied. Some shared that out of more than forty candidates they received through the site, there were only a handful who were actually qualified for the advertised positions.
They closed the post they had placed on Indeed because it was essentially a waste of time. Some suspected that they had been hacked, which is a suspicion that others had developed as well as Indeed employees. In 2005, Indeed launched its beta version of its „pay-per-click job posting network.“  In addition to searching for job postings, it records the occurrence of words in them over time, supposedly as an indicator of labour market trends. The company has agreed to a $5 million funding round from Union Square Ventures, the New York Times and Allen & Company.  LinkedIn has a job board as part of its suite of services, but it`s primarily a professional and professional social networking site. It was founded in December 2002 and was converted into a corporation on May 11, 2011. In 2016, Microsoft acquired LinkedIn for $26.2 billion. The company served more than 774 million members in more than 200 countries and territories in 2021. Prior to the acquisition, it was possible to grow through a series of acquisitions that strengthened and expanded the core business. . and much, much more. The search engine is filled by employers who post jobs on the platform.
In addition, the company aggregates job postings from company websites, recruitment agencies, other job boards, and newspaper magazines through a method called aggregation. In fact, is a job-related search engine that allows job seekers to find positions in the industry and at the location of their choice. The company aggregates offers from company websites, job boards, recruitment agencies or newspapers. In addition, companies can upload jobs directly to the platform. A metasearch engine aggregates job postings from thousands of websites and employment agencies, including companies` career pages and recruitment firms. Prior to 2011, Indeed.com redirected users to external job postings, but now the site allows job seekers to apply directly for Indeed.com jobs. Due to their ability to draw job postings from many different sources, the site offers a comprehensive list of available job postings to search by keyword, job title, industry or experience level. Indeed was founded in 2004 by Paul Forster (pictured) and Rony Kahan in 2004. The company began operations in Austin, Texas, and Stamford, Connecticut. Have you ever wondered how Indeed found so many different job postings? There are so many that it can literally take days to go through them all, and with more additions every day, you can search for hours every day and not go through them all.
The Indeed.com website gets its job postings from a variety of different sources, including job boards, company career pages, staffing service providers and associations, and thousands of different websites. There`s a Silicon Valley company that`s very similar to Indeed called SimplyHire. While this region is known for producing some of the most successful startups in the world, their version of Indeed hasn`t performed as well as our industry star. Although the California-based startup raised more than $22.3 million in seed capital, compared to $5 million in funding that Indeed had to raise, it is pathetically lagging behind Indeed and has had to raise much more funds. That says a lot about Indeed and how it`s handled. He is certainly the star of the show. We`re talking about the co-founder, former CEO Paul Forster, who handed over the reins to another co-founder, Rony Kahan. He sold his part of the business for a more than comfortable amount of money, then retired to the UK and returned to London, England, but he is not quite bankrupt. He is the senior advisor at his new location. Indeed is available in more than 60 countries and is currently the most visited job board in the United States.
Worldwide, the company accounts for more than 16% of all website visits to job postings. More than 330 million people visit Indeed each month. Indeed`s revenues will be shared as part of the revenue announcements of Recruit Co., the Company`s shareholder. For fiscal 2018, Indeed generated annual revenue of $2.75 billion. Recruit Holdings ranks Indeed as part of its HR Technology business, which generated total revenue of $2.97 billion in 2018. In 2012, the company was sold to Japanese staffing group Recruit Co. for an alleged valuation of $1 billion. The site aggregates job postings from thousands of websites, including job boards, recruitment agencies, associations, and corporate career pages. They generate revenue by selling high-end job postings and resume features to employers and hiring companies.  In 2011, Indeed began allowing job seekers to apply directly on Indeed`s website and to post and save resumes.  We recently stumbled upon more interesting facts about Indeed.
One publisher pointed out that while Indeed.com have an excellent track record and a reputation for success, it`s still a company that almost no one talks about. We have had to acknowledge that this observation unfortunately happens to be true. It`s not that people haven`t heard of the company, because if you walk down the street and ask a dozen different strangers if they know the name, you`ll find that they know what you`re talking about. We don`t know why it`s not a topic for more conversations, but it may be one of those situations where it`s enough for people to know that it exists and they don`t have much to say about unemployment and looking for a job. This model became an immediate success with consumers. Five years after the company was founded, Indeed has been the most visited job board in the United States. At the time, the company was generating more than 170 million page views per month. Before you get bored, it is important to know that in large companies, it is just the name of the game to destroy the competition. While Indeed was just beginning to grow as a serious competitor in the industry, Yahoo tried to break it as a competitor by joining the job search industry as well. Yahoo`s attempt really didn`t go anywhere and they didn`t have much success in the company. This showed that it didn`t matter if they were bigger.
Yahoo didn`t have the special talent it had for this type of service. They fell flat in their business and it even made Indeed all the better because they realized what Yahoo had proven they couldn`t. Fred-Wilson is the VC of Mixergy. .