Job site Indeed has announced its plans to acquire a UK-based automated job advertising tech platform.
Following the deal, the world鈥檚 largest job site, with offices in London, will combine forces with ClickIQ which specialises in automated real-time technology for job advertisements.
Founded in 2017, ClickIQ uses AI recruitment technology to manage, track and optimise the performance of clients鈥� recruitment advertising in real-time.
Maggie Hulce, SVP Sales Strategy at Indeed, said: 鈥淭he team at ClickIQ have built an innovative technology solution for optimising job advertising spend to reach both active and passive jobseekers.
鈥淯sing AI to deliver the right number of candidates in a more effortless way, we will free recruiters to focus on what they do best 鈥� engaging candidates and ensuring great hires 鈥� which ultimately supports our mission to help people get jobs.鈥�
Richard Collins and Beverly Shaw, co-founders at ClickIQ added: 鈥淚n Indeed we have found a partner who is truly aligned with our own business objectives and mission.
鈥淲e 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.
鈥淲ith Indeed鈥檚 support, we look forward to scaling this model to employers around the world.鈥�
The transaction is expected to close in July 2019.