Indeed to acquire MoBolt
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 now enables 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 systems 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.