- iCIMS ranked 1598th on Inc. 500 | 5000 list due to178% growth -
HAZLET, N.J. (August 26th, 2010) – iCIMS, the 2nd largest provider of Software-as-a-Service (SaaS) talent acquisition solutions, announced today that the company has been named to the Inc. 500 | 5000 list of fastest-growing companies in North America. Of the 5000 honorees, iCIMS was ranked 1598 and saw a 178% growth rate over the past three years. Additionally, iCIMS was listed at an impressive number 110 of Top Software companies – cited as the second fastest-growing industry on the list.
The Inc. 500 | 5000 has been a prestigious and well-respected benchmark for the nation's most innovative and successful organizations. Despite the fact that most of this year’s measuring period of 2006-2009 took place during the latest recession, aggregate revenue among the companies on the list actually increased to $321.6 billion, up more than 50 percent from last year. The effects of the recession are seen, however, in the median three-year growth rate, which dropped to 96 percent from last year’s 126 percent.
“The leaders of the companies on this year’s Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression,” said Inc. president Bob LaPointe. “The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs.”
This marks the fifth consecutive year that iCIMS has been included in Inc.'s list of fastest-growing companies in North America. Incorporated in 2000, iCIMS has continued to see quarter over quarter financial success. This growth has been attributed to iCIMS’ continued focus on not only signing new customers onto its flagship product, the iCIMS Talent Platform, but also renewing a higher percentage of its customer base year-over-year versus its competition. As a provider of SaaS-based technology, iCIMS recognizes the need to nurture its existing client base, which in turn, leads to strong renewable revenue. The organization has made its mark by providing the industry’s strongest Customer Experience and value proposition and as a result, iCIMS has experienced a 97 percent corporate renewal rate since 2003.
Since its inception, iCIMS has become an industry leader in applicant tracking systems and today is the second largest provider of talent acquisition solutions. Over the years, iCIMS has continued to grow and evolve within its space, merging talent management with smart technology and enabling clients to redefine HR effectiveness. Supporting nearly 850 clients around the world, including FedEx, Amazon.com, Continental Airlines, Enterprise Rent-a-Car, and H&R Block, iCIMS is a leader within the HR technology space, both by customer count and revenue growth.
“It is truly an honor to be named to Inc.'s list for the fifth consecutive year,” said CEO and President, Colin Day. “iCIMS' ability to provide clients with industry-leading technology and a superior customer experience has always been the catalyst for our growth. Despite the recent dip in the economy, iCIMS has been able to not only continue to grow, but to surpass our competitors by way of revenue growth and customer renewals. For that, we are truly proud and the recognition by Inc. is an honor for everyone at iCIMS. We look forward to earning a spot on the Inc. 5000 next year as we continue to surpass previous growth records.”
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found on www.inc.com/5000.
About the Inc. 500|5000 Conference
Each year, Inc. and Inc.com celebrate the remarkable achievements of today’s entrepreneurial superstars—the privately held small businesses that drive our economy. The Inc. 500|5000 Conference & Awards Ceremony brings together members of the Inc. community, both a new class of Inc. 500|5000 honorees and the list’s alumni, for three days of powerful networking, inspired learning, and momentous celebration. Please join us September 30–October 2, 2010, at the Gaylord National Resort and Convention Center in National Harbor, Maryland, located minutes from downtown Washington, D.C. For more information about the 2010 Inc. 500|5000 Conference & Awards Ceremony and to register, visit www.inc500conference.com or call 866-901-3205.