Recruit Holdings acquires full ownership of a U.S. pre-owned real estate site operator

Oct. 03, 2013
Recruit Holdings Co., Ltd.

Recruit Holdings Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; President and Representative Director, CEO: Masumi Minegishi; hereinafter "Recruit") today announced that it has reached an agreement to acquire full ownership interest in Movoto LLC (Headquarters: California, USA; CEO: Henry Shao; hereinafter "Movoto"), the operator of a U.S. site that provides information on previously-owned real estate.

1. Purpose of the acquisition

Recruit has been developing its HR business with the aim of becoming the "No. 1 global integrated HR service provider," offering a full line-up of services and products mainly in the Asian and North American markets. In the marketing media business, Recruit has also been developing its services and operations in Asia in business categories such as travel and housing. As the first step in expanding this marketing media presence into other regions, Recruit has acquired full ownership of Movoto, the operator of a U.S. pre-owned real estate site. By bringing together Movoto's platform for providing information on pre-owned real estate in the U.S. with Recruit's expertise in operating major real estate sites in Japan and other markets, this acquisition will strengthen the overall organization's ability to provide real estate information services to users in the United States.

2. Overview of Movoto

(1) Company name Movoto LLC
(2) Representative Henry Shao
(3) Headquarters San Mateo CA, USA
(4) Established January 11, 2005
(5) Number of employees 63 (as of July 31, 2013)
(6) Main business Operator of a site that provides information on pre-owned real estate

3. Overview of the Recruit Group

(1) Company name Recruit Holdings Co., Ltd.
(2) Representative Masumi Minegishi, President and Representative Director, CEO
(3) Headquarters 1-9-2 Marunouchi, Chiyoda-ku, Tokyo
(4) Incorporated August 26, 1963
(5) Capital JPY 3,002.64 million
(6) Consolidated sales JPY 1,049,224 million (for the fiscal year ended March 31, 2013)
(7) Group employees 25,518 (as of March 31, 2013)
(8) Main business Provider of products and solutions related to HR, education & learning info, housing info, bridal info, travel/hotel booking, restaurant info, beauty salon booking, daily deals and other areas

Appendix: The Recruit Group's international businesses

 BusinessBrandOperating Area
HR Permanent Placement RGF HR Agent China; Hong Kong; Singapore; India; Vietnam; Indonesia
RGF Executive Search 7 cities in India; Singapore; Vietnam
Bo Le 9 cities in China; Hong Kong; Taiwan; Singapore; Malaysia; Thailand; Vietnam; Philippines; Indonesia
BRecruit 9 cities in China; 2 cities in Indonesia
Staffing CSI North America
Advantage Resourcing North America; UK; Australia
Online HR 51job China
indeed More than 50 countries/regions worldwide
Marketing media Travel Jalan China; South Korea; US
PegiPegi Indonesia Vietnam
Travel Philippines
Housing Taofang China
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