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August 19, 2019Cart

Business

by Fairfield County Business Journal
by FCBJ

Stamford-based Indeed acquires pair of U.K. tech firms

Job-site Indeed of Stamford has agreed to acquire a pair of U.K.-based jobs-related technology firms.

Founded in 2017, automated job advertising technology platform ClickIQ is touted as “Europe’s leading AI-powered programmatic recruitment technology platform.” Its proprietary technology manages, tracks and optimizes the performance of enterprise clients’ recruitment advertising in real time, with the aim of focusing job advertising spend where it is needed to reach the best candidates in the most cost-effective way.

“In partnership, we will strengthen our ability to deliver qualified applications – and ultimately hires – to employers quickly and cost-effectively,” said Maggie Hulce, Indeed senior vice president of sales strategy. “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 – engaging candidates and ensuring great hires – which ultimately supports our mission to help people get jobs.”

ClickIQ will continue to maintain offices in Surrey and Aberdeen.

In addition, Indeed has signed an agreement to acquire Syft, a recruiting platform for the hospitality, event and light industrial sectors in London.

Founded in 2015, Syft’s proprietary technology provides a recruitment solution and shift management tool for part-time and flexible work, connecting and matching qualified and vetted jobseekers with available shifts through its desktop and mobile app.

“Syft’s vision to build the future of work aligns with Indeed’s core mission,” Syft co-founder and CEO Jack Beaman said. “We set out to create a win-win platform to better serve jobseekers and employers, underpinned by values of fairness and transparency. Demand for flexible work continues to surge as both jobseekers and employers look for greater control and choice.”

Syft’s employees, including its founders, will continue to operate from their headquarters in London and regional office locations.

Financial terms of the deals were not disclosed.