Indeed, the job website has announced that it has acquired Resume.com, the online individualized resume building service.
The transaction closed on May 25, 2018, with the terms remaining undisclosed. Indeed will keep the company as a separate entity, under its title of Resume.com.
Resume.com was founded in 2014 and offers tools which help applicants fine-tune their resumes to their specific preferences. The services charged users a monthly compensation for the downloading and printing of resumes. However, the latter will be discontinued by Indeed, and the services are now free of cost.
Over 3.5 million candidates use Resume.com as per reports, with the creation of 40,000 resumes every week. While Indeed will operate Resume.com from here on, its employees will become part of the parent company and will remain based out of Vancouver, Canada.
Indeed was founded in 2004, and was later acquired by Recruit Holdings Co. Ltd. in 2012; it is known as a pioneer in the job aggregation model and later, the ‘pay-per-click’ pricing, as per a Staffing Industry Analysts’ Job Board Market Report: 2017 Update report.
The report states the following – ‘ Job aggregators originally helped drive traffic to traditional job boards (as it distributed their postings to a wider audience and made them easier to find); However, Indeed eventually began allowing end clients to post jobs directly to their site (as opposed to merely aggregating job postings from other sites)’
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https://www.hrtechnologist.com/news/recruitment-onboarding/indeed-acquires-resumecom/
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