Indeed is an American worldwide employment-related search engine 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. 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. 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. In 2011, Indeed began allowing job seekers to apply directly to jobs on Indeed's site and offering resume posting and storage.
History
Indeed was co-founded 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 their beta version of what they refer to as "pay-per-click job advertising network". In addition to searching job postings, it also 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. On October 1, 2012, Indeed became an independent operating unit of Japan-based Recruit Co. Ltd. On July 1, 2016, Recruit Holdings Co., Ltd. announced that it has acquired the assets of Indeed's competitor Simply Hired, which would become a publishing partner of Indeed. On May 30, 2019, Indeed announced that it has signed an agreement to acquire Syft, a leading recruiting platform for the hospitality, event and light industrial sectors in the UK.
