Dive Brief:
- Job search engine SimplyHired, with 30 million monthly users across 24 countries, may be closing its doors on June 26, and it may be because at least part of the company is being acquired, according to TechCrunch.
- Launched in 2004 and based in Sunnyvale, CA, SimplyHired raised just over $34 million in funding from several well-known investors. It competes with Monster.com, Indeed (which was acquired by Recruit in Japan), LinkedIn, Glassdoor and dozens of others in the crowded online job space.
- TechCrunch contacted Simply Hired’s press office, its CEO James Beriker and its partnership support team. The latter responded via email that "This desk is unable to comment. Please watch for a press release."
Dive Insight:
TechCrunch did not speculate on a potential suitor, but mentioned that LinkedIn has been in acquisition mode as of late.
SimplyHired is not the largest in its space, but it offers scale and brand recognition. The company has direct assets that could be behind the acquisition rumors.
TechCrunch also included two emails/memos ostensibly from SimplyHired to two of its current partners, both indicating June 26 was the company's last day. Of course, employers and recruiters who have been working with SimplyHired have some decisions to make later this month, if not beforehand.