Austin’s Indeed has major growth plans, moving to new campus

Jan 29, 2015
Austin American Statesman

Internet job search company Indeed said Wednesday it’s planning a surge of growth that could add 1,000 employees to its staff, and is moving to a larger campus in Northwest Austin to get ready for the expansion

Indeed, which runs the world’s largest search engine for job listings, has leased 220,000 square feet at the Champion Office Park on North Capital of Texas Highway (Loop 360). The space is nearly triple the size of the company’s current offices at the Reserve at Bull Creek on North Capital of Texas Highway

Indeed, which currently has 330 employees in Austin, is one of the region’s fastest-growing Internet companies and has been one of the more aggressive recruiters of engineering talent

The company plans to add 300 employees locally in the next year and is hiring in areas including development, product management and design

“The new headquarters can accommodate 1,500 employees, and we plan to fill it,” said Chris Hyams, senior vice president at Indeed, adding that this will be the company’s sixth move in Austin. “Every space that we’ve moved into we’ve outgrown a lot quicker than we had planned. We believe that this will be our home in Austin for a long time to come.”

The Indeed office deal is by far the biggest office lease signed in the Austin metro area in the past year. The largest lease in 2014 was EZCorp Inc., which took about 140,000 square feet on Bee Cave Road. EZCorp has said it plans to consolidate its six local offices into the new headquarters

Indeed’s website aggregates job listings from thousands of websites, including job boards, newspapers, associations and company career pages. Job seekers search for listings on Indeed’s home page and can post their resumes for recruiters

The website, which is available in 55 countries and 28 languages, has 150 million monthly unique visitors worldwide

Founded in 2004, Indeed was acquired by Japan’s largest recruitment firm, Recruit Co., in 2012 for an undisclosed price. Under the deal, Indeed retained its name and operates an independent unit of Recruit

Indeed doesn’t disclose financial information, but Hyams said revenue has grown steadily and the company has been profitable since 2007

As part of Recruit Co., Indeed has continued to build out its college hiring efforts. This year the company plans to sign on 75 graduates from schools including Carnegie Mellon University, University of Illinois of Urbana-Champaign and University of Texas

Mike Rollins, president of the Greater Austin Chamber of Commerce, said Indeed’s recruiting plans “are great news for Central Texas. One of the things we have in Central Texas is a very good entry-level workforce from college. Companies that can absorb these smart individuals ultimately help the overall innovative, creative environment in Austin to continue to flourish.”

Meanwhile, Rollins said, Indeed’s plans to recruit senior-level talent also benefits the local economy. “We need experienced talent, and you can’t really manufacture that. That is a talent area we need to grow in our region, and it’s good they’ll be attracting experienced individuals in their expansion.”

The new campus features floor to ceiling windows and will include showers and locker rooms and a full kitchen and a large dining hall. Indeed will continue to serve a complimentary catered breakfast and lunch five times during the week

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