Leading cloud-based recruitment software provider ranks 73 in New Jersey due to 30+ percent year-over-year growth
MATAWAN, N.J. [August 17, 2016] – Many successful companies reach a healthy period of substantial growth, but only some can sustain such growth for more than ten years. iCIMS, Inc., a leading provider of Software-as-a-Service (SaaS) talent acquisition solutions, announces it is one of only two software companies in the country – and the only company in New Jersey – to have earned a place on the Inc. 500|5000 list of America’s Fastest Growing Companies for the eleventh consecutive year due to its continued revenue growth.
Started in 2000 and profitable for thirteen years, iCIMS reached a major milestone in October 2015 by surpassing $100 million in annual recurring revenue. The company demonstrated a growth rate of 134 percent over the past three years and ranked 527 places higher than its ranking within the 2015 Inc. list. The company’s success can be attributed to its addition of more than 1,000 customers in 2015 alone and a 37 percent increase in revenue over the previous year.
“The power of focus is what sets us apart from many other companies that may quickly become wildly successful, but then lose sight of what’s important,” states Colin Day, chairman and chief executive officer of iCIMS. “Our customers remain at the center of our day-to-day operations and our commitment to providing unparalleled customer experience helps us to not only add new clients, but retain them as well. This commitment, along with our ability to stay laser-focused on our vision of dominating the talent acquisition space, is what keeps iCIMS flourishing.”
The demand for specialised talent acquisition software has increased significantly over the past few years and iCIMS’ talent acquisition suite, comprised of recruitment marketing, applicant tracking and onboarding software, is now used by more than 3,500 customers worldwide. Further complexities of modern recruitment, such as social recruiting, background screening, assessments and video interviewing have laid the foundation for iCIMS’ future growth strategies via the concept of a “hub” for all things talent acquisition. In June, iCIMS launched UNIFi, its Platform-as-a-Service (PaaS) framework that enables other developers to build and integrate applications that work seamlessly with the iCIMS Talent Acquisition Suite. UNIFi includes a marketplace of the industry’s largest ecosystem of third-party products in talent acquisition, with more than 100 add-on products available to iCIMS customers, and a visualization layer to better centralise data reporting and analytics across multiple HR technologies from within the iCIMS platform.
Rising with and further contributing to the company’s success is its growth rate of personnel. In 2015, headcount increased by 42 percent. The company recently signed a lease to relocate its headquarters to Bell Works, the historical Bell Labs building in Holmdel, N.J., providing space for up to 2,000 personnel.
“Given how rare it is for companies to appear on the Inc. 500|5000 list for as many years as iCIMS has, we are extremely proud,” says Day. “Many start-ups are able to grow rapidly in the early stages and then tend to level off. iCIMS is a mature yet nimble business that has been able to achieve high revenue growth consistently, year over year while remaining profitable, which makes us very unique. We’re grateful to our personnel and customers for helping us earn this achievement and look forward to continued success through the end of 2016 and beyond.”
For more information on awards that iCIMS has recently received, please visit https://www.icims.com/why-icims/icims-awards.
iCIMS is the talent cloud company that empowers organisations to attract, engage, hire, and advance the right talent that builds a diverse, winning workforce. iCIMS accelerates transformation for a community of more than 4,000 customers, including 40 percent of the Fortune 100.