After publicly mulling an initial public offering of stock this past summer, Indeed.com instead has been sold to Recruit Co. Ltd., a Japan-based company that provides HR software and information.
Stamford-based Indeed.com is an online job board whose website is among the most frequented of any Connecticut company. Rony Kahan and Paul Forster co-founded Indeed.com in 2004, with the company employing more than 500 people today in Stamford, New York City, Austin, Texas, Mountain View, Calif., and Dublin.
Speaking at a Stamford Innovation Center forum earlier this year, Forster indicated the company has been considering filing for an initial public offering of stock. Indeed.com investors include The New York Times Co., Allen & Co. and Union Square Ventures.
Indeed.com did not immediately disclose what Recruit paid for the company; the New York Times Co. reported a $100 million gain on its investment in Indeed.com.
Recruit has 22,000 employees and annual revenue in excess of $10 billion.
