iCIMS Kicks Off 2006 with Record First Quarter
April 20, 2006 Hazlet, NJ - iCIMS, a leading provider of Web-based Hiring Management Solutions, today announced company results for the quarter ended March 31, 2006.
During the first quarter of 2006, the company broke its previous record held for this same quarter last year by signing nearly 40 new customers in industries ranging from health care to financial services to consumer products manufacturing. iCIMS welcomed leading organizations, including XM Satellite Radio, Olympus America, LG Electronics MobileComm USA, Linsco/Private Ledger Corporation, the George Washington University Medical Center and Brother International, to its client portfolio. iCIMS maintained its 97 percent client retention rate during Q1, 2006, and exceeded the previous revenue record for this period with revenue generation of 193 percent of sales for Q1, 2005. The company also expanded its global presence through a strategic alliance with Talenger, a highly regarded Human Resources consulting firm headquartered in South Africa. Under the terms of the partnership, Talenger is the exclusive distributor and reseller of iCIMS' suite of talent management solutions in sub-Saharan Africa.
Additionally, iCIMS received notable recognition from respected industry publications, including Workforce Management magazine, which ranked the company as one of the industry's top three providers of Applicant Tracking Solutions on the publication's Hot List. In Fast Company magazine company CEO Colin Day was rated as a Reader Favorite in the magazine's annual Fast 50 readers' challenge. iCIMS was also selected as one of "The Best Places to Work in New Jersey," as part of the annual award program produced by NJBIZ.
"We are very excited that 2006 has begun with such a strong start," said Day. "Our success reflects the continued preference shown by mid-market corporations towards best-of-breed HR solution providers."
Day added, "iCIMS' commitment to a flexible and highly configurable technology platform allows our clients to streamline their hiring processes with a top-ranked Applicant Tracking Solution, while simultaneously leveraging other workforce management technologies. The strong adoption of iCIMS' Talent Platform for its robust but flexible interface, coupled with iCIMS growing reputation for customer support and service, puts us on pace for yet another exceptional year."
04/20/2006
About iCIMS:
iCIMS, a leading provider of Software-as-a-Service (SaaS) talent management solutions, is an Inc. 500 and Software Satisfaction honoree focused on solving corporate business issues through the implementation of easy-to-use web-based software solutions. iCIMS'
Talent Platform, the industry's premier candidate and employee management solution, enables organizations to manage their entire talent lifecycle from
candidate management through employee management with a single web-based application. With more than 1000 clients worldwide, iCIMS is one of the largest and fastest-growing
talent management system providers with offices in North America, UK, and China. To learn more about how iCIMS can help your organization, visit
www.icims.com or view a free
online demo of the iCIMS Talent Platform.