Indeed has signed an agreement to acquire automated job advertising technology platform ClickIQ. Founded in 2017 by Richard Collins and Beverly Shaw, ClickIQ is Europe’s leading AI-powered programmatic recruitment technology platform. ClickIQ’s proprietary technology manages, tracks and optimises the performance of enterprise clients’ recruitment advertising in real-time, focusing job advertising spend where it is needed to reach the best candidates in the most cost-effective way.
Maggie Hulce, SVP Sales Strategy at Indeed, commented: “The team at ClickIQ have built an innovative technology solution for optimising job advertising spend to reach both active and passive jobseekers. In partnership, we will strengthen our ability to deliver qualified applications – and ultimately hires – to employers quickly and cost-effectively. 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.”
Richard Collins and Beverly Shaw, co-founders at ClickIQ commented: “In Indeed we have found a partner who is truly aligned with our own business objectives and mission. We set out to build a technology platform that offers companies more cost-effective results, greater insight and more effortless control over their recruitment advertising budgets. With Indeed’s support, we look forward to scaling this model to employers around the world.”
ClickIQ has UK offices in Surrey and Aberdeen. The transaction is expected to close in July 2019.