Hazlet, NJ (PRWEB) January 30, 2012 iCIMS, a leading provider of Software-as-a-Service (SaaS) talent acquisition solutions, today released its Q4 and year-end results demonstrating 20% revenue growth over the course of 2011. In Q4 alone, iCIMS signed an impressive 75 clients, representing a 47% increase in the number of customers signed in Q4 of the previous year.
In addition to significant growth in revenue, 2011 marked a significant milestone in company history – the achievement of 1,000 clients using its flagship product, the iCIMS Talent Platform. Talbots Inc., Aramark Corporation, Citgo, Modell’s Sporting Goods, NPR, PUMA, Mobile Mini, Inc., Suncor Energy, Waters Corporation, and The Children’s Place were just a few of the prominent brands that helped iCIMS reach the 1,000 customer mark. In total, iCIMS signed nearly 300 clients in 2011, creating 35% new customer growth since 2010. Furthermore, iCIMS surpassed its previous record for the number of clients acquired in one year, collecting an average of one new customer for every business day in 2011.
New client acquisition trends in 2011 demonstrated iCIMS’ continued stronghold in the SMB market. To further expand its reach, iCIMS unveiled iCIMS NOW, an application tracking system that is preconfigured to meet the needs of businesses with fewer than 100 employees. Since iCIMS NOW’s initial implementation in August 2011, the customer base for the product has continued to double each month. Recently, iCIMS began offering brief, complimentary guided product tours of iCIMS NOW for contacts at small businesses who are looking for a low-cost, high-value, introductory talent acquisition solution.
iCIMS’ continued success was recognized by a number of local and national organizations. Most recently, iCIMS was ranked #362 on the Deloitte 2011 Technology Fast 500, recognizing North America’s fastest growing technology companies in terms of percentage of revenue growth over a five-year period. iCIMS was also ranked #30 on the 2011 NJBIZ magazine’s list of New Jersey’s Fifty Fastest Growing Companies, and was recognized by the Inc. 500 | 5000 list of the nation’s fastest-growing private companies for the sixth consecutive year. Recognition continued at the industry level, with iCIMS being named a Champion in the Info-Tech Research Group’s Vendor Landscape Report for Talent Acquisition Systems.
iCIMS’ consistent year-over-year profit increases and milestones achieved in 2011 garnered attention from the investment community. This month, iCIMS received a $35 million minority growth equity investment from Susquehanna Growth Equity, LLC (SGE). The company plans to use the funding to increase investments in marketing, product development, and staffing to fuel its rapid growth strategy.
As part of the company’s overall strategic expansion plans, iCIMS filled a total of 117 open positions this past year, representing a 20% increase in global headcount versus 2010. Approximately 40 new employees joined the organization in Q4 2011 alone, and the company plans to add approximately 80 new hires before the end of 2012. The company’s recruitment efforts will focus on hires in marketing, sales, and technology in both the U.S. and abroad.
“iCIMS’ record-breaking achievements in 2011 have ushered the organization into an exciting 2012. Our recent minority growth investment from SGE is a direct result of these impressive accomplishments,” said Colin Day, CEO, iCIMS. “The iCIMS team looks forward to executing our aggressive growth plans this year, delivering more value to our existing customers, and expanding our reach in the SMB market,” Day concluded.
iCIMS simple-to-use and scalable solutions have resulted in strong adoption and usage rates among SMB businesses. In 2011 alone, customer use of the iCIMS Talent Platform was responsible for a total of 622,337 job postings, which collected over 15 million candidates. The system generated an impressive 5 billion job post views which resulted in over 425,000 employees hired by year-end, notable in an economy where job opportunities are still considered scarce.
By Tim Spagnola
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