Seek Limited
| Type | Public |
|---|---|
| |
| Industry | Employment |
| Founded | November 1997 |
| Founders | |
| Headquarters | , Australia |
Area served | Australia, New Zealand, China, Indonesia, Bangladesh, Philippines, Vietnam, Thailand, Malaysia, Hong Kong and Singapore |
Key people | Ian Narev (CEO) |
| Products | Job hunting |
| Revenue | |
| Total assets | |
| Total equity | |
Number of employees | 3,300 |
| Website | au |
SEEK Limited is an Australian employment website for job listings, headquartered in Melbourne, Victoria. SEEK also operates in China, Hong Kong, Indonesia, Malaysia, New Zealand, Philippines, Singapore and Thailand.[1] The company has expanded into other business areas such as SEEK Investments (an investment arm), SEEK Learning (career development), SEEK Volunteer (volunteering options) and SEEK Business (promoting businesses that are for sale).[2]
History
[edit]SEEK was founded in November 1997[3] by Andrew Bassat, Paul Bassat and Matt Rockman along with first employees Robert Sloan and Adam Ryan as an online version of print employment classifieds, and it launched its website in March 1998.[4] By 2000, the company had received investment from venture capitalists.[5] On 18 April 2005, SEEK was floated on the Australian Securities Exchange with a market capitalisation of $587 million.[6]
Between 2000 and 2010, the company expanded internationally, with a focus on Asian and Latin American markets, achieving success in locations such as China, whilst expansion into the Brazilian market proved to be more challenging.[5]
In 2012, Paul Bassat left and co-founded Square Peg Capital. Ernst & Young named Andrew Bassat as Australian Entrepreneur of the Year in 2013,[7] with him later stepping down from his role as CEO, in 2021.[5] In May 2022, the company moved its head office to a newly-constructed building in Cremorne, Victoria.[8]
In June 2024, SEEK sold its holdings in the Latin American job-boards OCC (Mexico) and Catho (Brazil).[9] These business interests were sold to Barcelona based Red Arbor, a company operating a number of job boards in the Latin America market.[10]
In 2026, the company's investment arm, SEEK Investments, sought to sell their remaining stake in Employment Hero, which they had invested in some years earlier, after a court case (that was subsequently dropped by Employment Hero) between the companies, over Employment Hero's access to SEEK's job posting API.[11] SEEK had sold some of their stake previously.[12]
References
[edit]- ↑ Marketline, 2021. MarketLine Company Profile: SEEK Ltd.. Marketline, p.3.
- ↑ "Seek Ltd, SEK:ASX profile - FT.com". markets.ft.com. Retrieved 18 July 2026.
- ↑ "Seek a house, find a job". ABC. Archived from the original on 14 February 2017. Retrieved 3 August 2016.
- ↑ "About SEEK". Company. Retrieved 6 December 2021.
- 1 2 3 Vale, Marcus (17 July 2026). "Seek And The Australian Online Classifieds Boom | NeTT Business News". Retrieved 18 July 2026.
- ↑ "Successful Completion of SEEK Offer". SEEK. 17 April 2005. Archived from the original on 15 October 2017.
- ↑ Bushell-Embling, Dylan (25 November 2013). "SEEK's Bassat named Australian Entrepreneur of the Year". www.technologydecisions.com.au. Retrieved 18 July 2026.
- ↑ Bleby, Michael (11 May 2022). "Seek spreads out its staff in new Melbourne office". Australian Financial Review. Retrieved 12 May 2022.
- ↑ "SEEK to sell Latin American assets". Listcorp. 5 June 2024. Retrieved 15 August 2024.
- ↑ "Seek completes sale of Latin American job board businesses". Staffing Industry Analysts (SIA). 24 June 2024. Retrieved 18 July 2026.
- ↑ "SEEK cuts ties with Employment Hero amid global growth surge". Human Resources Director. 17 February 2026. Retrieved 18 July 2026.
- ↑ Clune, Bronwen (19 February 2025). "🏃 Seek's elegant Employment Hero exit". Capital Brief. Retrieved 18 July 2026.
Further reading
[edit]- "Seek primed to live up to its potential". The Australian. 19 July 2016. Retrieved 15 February 2017.
- "Andrew Bassat of Seek blasts federal action over education rorts". The Australian. 19 July 2016. Retrieved 15 February 2017.
- "SEEK doubles down on Brazil, increases stake in Asia business". Sydney Morning Herald.