the world's leading job site, today announced that it has agreed to
acquire the business and assets of MoBolt, a leading provider of mobile
job application technology. In June 2014 Indeed's job search data showed
that nearly 50% of all job seekers are looking for and applying to jobs
through a mobile device. With this acquisition, Indeed will enable
employers worldwide to take advantage of this shift and to accept job
applications through a mobile device, without any infrastructure
upgrades or IT integration.
"Mobile job search is not a thing of the future, it is a reality today.
A majority of job seekers around the world find jobs on a mobile device,
but only a fraction of employers allow them to apply right there and
then. The best talent will not wait to apply later -- they will simply
move on to another opportunity. MoBolt enables any employer to leap frog
this road block and access every candidate," said Chris Hyams, Senior
Vice President, Product and International at Indeed.
MoBolt's technology provides job seekers with a seamless apply process
from any smartphone, tablet, or desktop browser. For employers, the
solution requires no change to their current HR and applicant tracking
systes and no IT involvement. MoBolt offers employers detailed
visibility into their recruiting effectiveness, and ultimately reduces
their cost per hire. Indeed's pay for performance business model will be
extended to the MoBolt solution, offering Indeed paid traffic for every
dollar spent on mobile apply.
"Only 10% of Fortune 500 companies have a mobile friendly application
process. For those who do, 30% of candidates who intend to apply leave
at the first step - user login. The end result is millions of wasted
marketing dollars, unfilled jobs, and a poor job seeker experience. It
is critical that companies mobilize and simplify their existing job
application process to gain a competitive advantage in the talent war,"
said Kshitij "KJ" Jain, Founder and CEO of MoBolt.
The Indeed/MoBolt offering is available in over 50 countries globally.
The completion of the acquisition is subject to customary conditions and
is expected to close early July. For more information, visit blog.indeed.com/2014/06/24/mobolt.
Notes to Editor
More people find jobs on Indeed than anywhere else. Indeed is the #1 job
site in the world and allows job seekers to search millions of jobs on
the web or mobile in over 50 countries and 28 languages. More than 140
million people each month search for jobs, post resumes, and research
companies on Indeed, and Indeed is the #1 source of external hires for
thousands of companies (sources: SilkRoad & iCIMS). For more
information, visit indeed.com.
MoBolt unlocks the power of mobile in talent acquisition for customers
such as Nike, Electronic Arts, Autodesk, TUI Travel & AOL. Its
leadership team, with extensive experience in the recruitment and
technology space, saw the mobile tsunami in recruitment coming. In
response, MoBolt created a smart and simple mobile apply platform that
works seamlessly with any applicant tracking system (ATS) worldwide.
MoBolt is the first to move the ATS login process that traditionally
turns off most applicants, from the start to the end - significantly
increasing conversions and applicant satisfaction.
For Indeed media and press inquiries, please contact: email@example.com
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