Indeed to Acquire Automated Recruitment Platform ClickIQ

ClickIQ

Indeed signed an agreement to acquire UK-based ClickIQ, an automated job-advertising platform. ClickIQ’s technology manages, tracks and optimizes the performance of enterprise recruitment advertising as a way to focus advertising spend in real time.

The acquisition will strengthen Indeed’s ability to deliver aligned candidates, said Maggie Hulce, Indeed’s senior vice president of sales strategy. She positioned the move as another step toward giving recruiters more time to spend on engaging candidates. “Using AI to deliver the right number of candidates in a more effortless way, we will free recruiters to focus on what they do best,” she said.

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“Indeed’s acquisition of ClickIQ is interesting for two reasons: First, if they wanted to buy a programmatic vendor, I would have thought Appcast to be their first choice, but perhaps they were beaten to the punch by Stepstone,” said Jeff Dickey-Chasins, principal of JobBoardDoctor LLC, a consultant to job board providers.  “Second, ClickIQ is based in the UK, which seems to suggest that Indeed is seeking to strengthen their presence in the European market. It will be fascinating to see which is the next programmatic chip to fall.”

ClickIQ’s co-founders, Richard Collins and Beverly Shaw, said working as part of Indeed will allow their firm scale their offerings globally.

The acquisition is the second for Indeed this year. In May, the company acquired Syft, a recruiting platform focused on the UK’s hospitality, event and light industrial sectors. Syft’s provides shift-management as well as recruitment tools for part-time and flexible work. The month before, it introduced a skills-assessment feature that allows job seekers to add test results directly to their resume.

In May 2018, Indeed purchased Resume.com to incorporate its tools allowing for the personalization of resumes. Resume.com had charged users a monthly fee to download and print resumes, but Indeed eliminated the fees.

Indeed Expands on the Ground

Indeed’s been expanding its physical footprint as well as its feature set. Last week, the web site Austin Inno reported the company has begun moving into new office space in the city’s Domain tower, a 310,000-square-foot building that can house up to 1,700 workers.

The Domain space is the fifth location Indeed has in the Austin area. Austin Inno said Indeed will also be the anchor tenant at a new office tower scheduled to open in 2021. The company will use that space to consolidate its downtown operations.

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Image: ClickIQ