Susquehanna Growth Equity (SGE) Increases Investment in High-Growth Recruiting Software Provider iCIMS
Rising HR solution category leader with consistent corporate growth attracts second round of funding from SGE
MATAWAN, N.J., Sept. 22, 2015 /PRNewswire/ -- iCIMS, Inc., a leading provider of Software-as-a-Service (SaaS) talent acquisition solutions, announced today that Susquehanna Growth Equity, LLC (SGE) has increased its investment in iCIMS. The proceeds will be utilized to repurchase shares from existing iCIMS shareholders.
The financial partnership between iCIMS and SGE began in January 2012, when iCIMS was an emerging provider of talent acquisition software. Since that initial investment, iCIMS' employee count has more than doubled and its customer base and revenue have increased nearly threefold – all while remaining profitable. iCIMS is now the largest standalone provider of talent acquisition software in the industry, and was recently recognized as a leader in talent acquisition platforms by an independent research firm.
"iCIMS' performance over the last three and a half years has been impressive, and we're pleased to have the opportunity to increase our investment in the company," says Scott Feldman, managing director of SGE. "The company has delivered consistent revenue growth and profitability since our initial investment, and we believe iCIMS has established the leadership position to continue its trajectory for the foreseeable future."
iCIMS' outstanding company growth has been recognized by several award programs including being on the Inc. 5000 for ten consecutive years, the Montclare SaaS 250, JMP Securities' list of the Hot 100 Privately Held Software Companies, three SV US Globee Awards, and a #18 ranking on NJBIZ's list of Fifty Fastest Growing Companies.
"SGE has been a fantastic financial partner for iCIMS," says Colin Day, chief executive officer of iCIMS. "The initial investment from SGE enabled us to increase our investments in sales, marketing and product development to accelerate our revenue growth and establish iCIMS as a market leader. SGE's desire to increase its investment is a strong endorsement that we've achieved our initial goals and that they believe in the future of iCIMS. We're thrilled to continue our financial partnership."
To view iCIMS' virtual trophy case, visit http://www.icims.com/news/awards.
About iCIMS, Inc.:
iCIMS, a leading provider of innovative Software-as-a-Service (SaaS) talent acquisition solutions, is an Inc. 500 and Software Satisfaction honoree focused on helping businesses win the war for top talent through the implementation of easy-to-use, scalable solutions that are backed by award-winning customer service. iCIMS' Talent Platform, the industry's premier candidate management solution, enables organizations to leverage mobile, social, and video technologies to manage their entire talent acquisition lifecycle from building talent pools, to recruiting, to onboarding all within a single web-based application. With more than 2,800 contracted customers representing approximately 4,500 organizations, iCIMS is one of the largest and fastest-growing talent acquisition system providers with offices in North America, UK, and China. To learn more about how iCIMS can help your organization, visit http://www.icims.com or view a free online demo of the iCIMS Talent Platform.
©2015 iCIMS, Inc. All rights reserved.*
About SGE:
Susquehanna Growth Equity, LLC (SGE) invests in growth stage technology companies in the software, information services, internet and financial technology sectors. The firm is backed by a unique and patient capital base that allows management teams the freedom and flexibility to maximize growth. To learn more, please visit us at www.sgep.com.
Media Contact: Brian Gallagher
iCIMS, Inc.
800-889-4422
[email protected]
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SOURCE iCIMS
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