-Leading HR solution provider recognized for impressive YOY revenue growth-
MATAWAN, N.J. (August 27, 2012) – iCIMS, a leading provider of Software-as-a-Service (SaaS) talent acquisition software solutions for growing businesses, today announced the company has been named to the Inc. 500 l 5000 list of the fastest growing private companies in America for the seventh consecutive year. Joining a very small group of companies that have been named to the list over five times, iCIMS has exemplified rapid growth in all facets of the organization during the past seven years.
The Inc. magazine Inc. 500 l 5000 list is an annual display of the country’s most successful and flourishing organizations, many of which progress to become national icons. iCIMS joins Yelp, Chobani, Giftcards.com, KIND, and famed hat-maker Tilly’s, among other prominent brands featured on this year’s list. Companies are ranked based on their percentage of overall revenue growth for the past three years. In a stagnant economic environment, median growth rate of 2012 Inc. 500 l 5000 companies remains an impressive 97 percent. The companies on this year’s list report having created over 400,000 jobs in the past three years, and aggregate revenue among the honorees reached $299 billion. "Now, more than ever, we depend on Inc. 500 l 5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is,” says Inc. Editor Eric Schurenberg.
iCIMS’ inclusion on Inc.’s list of fastest-growing companies is the direct result of impressive revenue growth between 2008 and 2011, with an overall revenue increase of approximately 61% during that time frame. The company also scaled dramatically during this period, increasing employee headcount by nearly 60%. iCIMS ended the first half of 2012 with a strong 22% increase in revenue versus the first six months of 2011. iCIMS’ growth can be attributed to providing clients of all sizes with a scalable, easy-to-use, best-of-breed Applicant Track System (ATS) that is backed by award-winning 24/5 customer support.
The organization has leveraged its increase in revenue to make numerous advancements to further grow and progress the company. In January 2012, iCIMS secured a $35 million minority investment from Susquehanna Growth Equity, LLC, allowing for increased investments in marketing, product development, and acquisitions. Additionally, the company relocated its corporate headquarters from Hazlet, NJ to a nearby class “A” building in Matawan, NJ this past March. The new office was selected in order to provide enough room for iCIMS’ current in-house staff of about 200 employees, with additional space available to support anticipated increases in full-time staff.
“Year over year I have witnessed the remarkable growth of this company and it is truly rewarding to have Inc. acknowledge this achievement for the seventh consecutive time,” said Colin Day, Chief Executive Officer, iCIMS. “This recognition highlights the incredible capability that iCIMS has to continue expanding and provides motivation for further progress. By remaining dedicated to providing highly configurable and easy-to-use talent acquisition solutions, customer support that is second to none, and the most innovative upgrades and product extensions, we are confident that we will continue to grow and look forward to earning future rankings by Inc. in the years to come,” Day concluded.