[THE INVESTOR] Wanted, a referral-based social recruiting platform, on July 10 said that it is acquiring the core assets of Seoul-based data analytics firm Kredit Data.

Founded in 2015, Wanted leverages jobseekers’ professional social network to acquire trusted referrals. It currently operates in five major Asian cities including Japan and Singapore. Kredit Data aggregates data about companies in Korea and serves more than 450,000 monthly website visitors. 

The asset acquisition, whose value is undisclosed, will give Wanted exclusive ownership of the Kreditjob.com data including information about salaries, employee turnover rates and revenue for more than 420,000 companies, enhancing the platform’s job-seeking experience, the company said in a statement.

“This acquisition deal will benefit all jobseekers on our platform, not just in Korea. By strengthening our artificial intelligence system, we will improve upon the core of Wanted’s services,” said CEO Lee Bok-kee. “Our new data specialists will help develop solutions to fuel global growth in new markets.”

The asset acquisition directly follows Wanted’s recent expansion in Hong Kong, Singapore and Taiwan earlier this year. In addition to its pre-established presence in Japan and South Korea, Wanted now serves over 3,000 companies and almost 400,000 registered jobseekers, according to the company.

By Park Ga-young (gypark@heraldcorp.com)