- Transaction brings together leading job search site and best-of-breed mobile apply technology.
- Indeed’s large customer base and global reach will make it hard for stand-alone mobile apply companies to compete.
- MoBolt significantly strengthens Indeed’s overall mobile capabilities, as company shifts from “mobile-also” to “mobile-first.”
Overview
On July 3, 2014, Indeed acquired MoBolt, a leading provider of mobile recruiting software for large employers.
This was an all-cash transaction; financial terms were not disclosed.
Significance
Catapult’s role
- Competitive process resulted in multiple interested parties within the Talent Acquisition space.
- Increased initial offer by over 50%.
- Successfully managed complex negotiation process that included Indeed’s Japanese corporate parent, Recruit Holdings and MoBolt’s India-based dev team.
“Catapult’s steady advice and guidance were invaluable throughout the M&A process. There was tremendous complexity in this deal and the Catapult team excelled at finding creative solutions to complex problems. They fought hard on our behalf to get the best deal possible and I could not be more pleased with the outcome.”
