From the Wires
iCIMS Announces Fiscal Year 2012 Results
- Best-in-breed talent acquisition solution provider extends product line, increases share of market, and solidifies status as a leader in pure SaaS technology -
Jan. 16, 2013 10:09 AM
MATAWAN, N.J., Jan. 16, 2013 /PRNewswire/ -- iCIMS, Inc., a leading provider of Software-as-a-Service (SaaS) talent acquisition software solutions for growing businesses, today released the company's year-end results, demonstrating a substantial increase in both customer count and revenue for fiscal year 2012.
In 2012, iCIMS reached a series of major milestones that contributed to larger market penetration; the company increased revenues by 22 percent and experienced 30 percent growth in new customer acquisitions. In addition to direct sales of the company's leading talent acquisition solutions, Connect, Recruit, and Onboard, the revenue and customer expansion was fueled by the company's reseller partnership with Workopolis, the largest online recruitment provider in Canada, and its acquisition of Massachusetts-based social recruiting solution provider, Jobmagic. The company's commitment to delivering best-in-breed, "pure" SaaS, talent acquisition solutions that are responsive to the social and mobile demands of the evolving candidate landscape led to numerous product innovations in 2012; these enhancements furthered bottom line growth with new and existing customers.
Fiscal Year 2012 Business Highlights:
- iCIMS Talent Platform: In 2012, iCIMS increased its direct customer count by 23% vs. 2011.
- Social Distribution: In Q3 2012, iCIMS acquired approximately 200 clients as a result of its acquisition of former technology partner, Jobmagic.
- iCIMS NOW Customers: By the close of 2012, iCIMS had quadrupled the number of clients using its very small business recruitment solution, iCIMS NOW.
- Growth in Energy Accounts: iCIMS experienced significant new client growth in the Energy industry. By comparison to 2011, new customers in the Energy segment tripled. Some Energy organizations that chose iCIMS as their talent acquisition software solution include PowerStream, TAS Energy Inc., and Excel Modular Scaffold.
- Investment Capital from Susquehanna Growth Equity, LLC: In January 2012, iCIMS secured a $35 million minority growth equity investment from Susquehanna Growth Equity, LLC (SGE). The company used this funding to increase investments in marketing, product development, and acquisitions to further accelerate the company's rapid growth and expansion plans.
- New Corporate Headquarters: In March 2012, iCIMS relocated its headquarters to a "Class A" building in Matawan, NJ that can comfortably house all current and planned in-house staff. Within the year, the company added nearly 90 employees, increasing headcount by 33%.
- Partnership with Workopolis: In Q3 2012, iCIMS won a competitive bid to serve as Workopolis' outsourced technology partner for talent acquisition software solutions. As the exclusive Canadian distributor of the iCIMS Talent Platform, Workopolis now resells iCIMS' Connect, Recruit, and Onboard products as well as related Power-Ups, including Social Distribution, Career Site SEO, and i-9 & e-Verify. Additionally, iCIMS Talent Platform will also power the next version of Workopolis' existing applicant tracking system (ATS).
- Acquisition of Jobmagic: Also in Q3 2012, iCIMS acquired social recruiting solution provider and former technology partner, Jobmagic. iCIMS Social Distribution provides users with automated job distribution and employee referral programs through their social networks, enabling companies to efficiently reach a broader range of potential candidates. The acquisition allows iCIMS to market, sell, and support Social Distribution as Power-Up to Recruit or a standalone solution, creating a new option for organizations that are interested in technology for social recruiting but not currently in need of an applicant tracking system.
Major Releases of 2012
- iCIMS Rolled Out Talent Platform 11.3: In Q1 2012, the 11.3 release offered a strengthened and faster foundation complemented by scalable social media features, ensuring clients were up to date with current recruitment marketing trends.
- iCIMS 12.1 Release Debuted: In Q3 2012, the 12.1 release enhanced functionality such as the user interface (UI), searching and analytics, integrations, and accessibility, including full iPad support of the front- and back-end application. In addition to these improvements, the 12.1 release armed users with increased social and mobile capabilities that are essential to talent acquisition processes.
- iCIMS Launched 12.2 Release: In Q4 2012, the 12.2 release became available and with enhanced functionality that enabled iCIMS customers to bring high-quality, top talent into their iCIMS system more efficiently, both through social and mobile platforms as well as through enhanced resume parsing and other traditional means.
New Product & Power-Up
- Career Site Search Engine Optimization (SEO) Power-Up Launched: In Q3 2012, iCIMS debuted its latest Power-Up to Recruit that enables organizations to increase the likelihood of achieving top search engine rankings for their open positions, thereby increasing traffic to corporate career sites. With the use of Career Site SEO, recruiters can reduce reliance on third-party job board postings and other recruitment marketing techniques. Career Site SEO enables recruiters to get job postings in front of millions of potential candidates with the use of .JOBS career microsites.
- iCIMS Connect Product Debuted: In Q4 2012, iCIMS introduced its latest core product offering, Connect. This new addition to the iCIMS Talent Platform's suite of talent acquisition tools allows customers to engage with passive candidates and build a sourcing pipeline for future hiring needs. Connect's innovative features enable iCIMS' clients to appeal to candidates who may not be ready to apply for an employer's open positions, but are interested in the company's employment brand and want to keep in touch with the organization. The product can be purchased as a standalone recruitment CRM product that can feed into a company's applicant tracking system (ATS) of record, or it can be purchased alongside iCIMS' other core products, Recruit and Onboard.
Key Third-Party Recognitions:
- Stevie Award for Sales and Customer Service: In Q1 2012, iCIMS earned Bronze for Customer Service Department of the Year in the Computer Software category.
- Brandon Hall Excellence in Technology: In Q4 2012, iCIMS earned Silver in the Best Advance in Talent Acquisition Technology category for iCIMS Social Distribution.
"Pure" SaaS Delivery
- Best of SaaS Showplace (BoSS) Awards: In Q3 2012, iCIMS was the winner of the Human Resource Management category.
- TMC's Cloud Computing Excellence Awards: In Q4 2012, iCIMS Talent Platform was awarded TMCnet™'s 2012 Cloud Computing Excellence Award.
- Montclair Advisors' SaaS Top 250: In Q4 2012, iCIMS was recognized as a member of the 2012 Global SaaS Top 250 listing.
Company Growth & Stability
- NJBIZ's Best Places to Work in NJ: In Q2 2012, iCIMS was ranked #29 in NJBIZ's 2012 "Best Places to Work in New Jersey" among businesses with under 250 employees.
- Inc. 500 I 5,000: In Q3 2012, iCIMS was named to the list of the fastest growing private companies in America for the seventh consecutive year.
- NJBIZ's 50 Fastest Growing Companies: In Q4 2012, iCIMS was named to the list of the 50 fastest growing companies in the state of New Jersey.
- Deloitte Technology Fast 500™: In Q4 2012, iCIMS was named to Deloitte's Technology Fast 500™ list of North America's fastest-growing companies.
- Best in Biz: In Q4 2012, iCIMS was named a Bronze winner in the Fastest Growing Company of the Year category for medium-sized organizations.
"The company's year started off with the decision to intensify our focus and resources on doing what we do best: market-responsive, pure SaaS talent acquisition solutions," said Colin Day, Chief Executive Officer, iCIMS. "Our dedication to providing a best-in-breed, pre-hire platform has allowed us to forge partnerships with big-name providers like Workopolis and to be honored by prestigious award programs, and it has also afforded us the ability to grow and acquire companies to help make our products more social-enabled and mobile-accessible than ever. As we enter the New Year with exciting product additions, like Connect and Career Site SEO, I'm optimistic we'll continue the momentum in 2013," stated Day.
"iCIMS' success is greatly attributed to leaders and staff members who are passionate about delivering robust yet flexible and easy-to-use talent acquisition solutions that are backed by superior customer service for every client," Day continued. "During the year, we added nearly 90 people to the team and yet the company retains a collaborative, high-growth, 'start up' mentality, which has pushed our product development to keep pace with social and mobile innovations. Full-suite HRIS and ERP providers just aren't agile enough to keep up," Day concluded.
"That grit and determination was tested in Q4 when our iCIMS family faced both personal and professional challenges caused by Hurricane Sandy. But as an organization we banded together to support one another and our valued customers, and to repair the community we call home. This response was definitely among our proudest achievements of 2012," Day concluded.
About iCIMS, Inc.:
iCIMS, a leading provider of innovative Software-as-a-Service (SaaS) talent acquisition solutions, is an Inc. 500 and Software Satisfaction honoree focused on solving corporate business issues through the implementation of easy-to-use, scalable solutions that are backed by award-winning customer service. iCIMS' Talent Platform, the industry's premier candidate management solution, enables organizations to manage their entire talent acquisition lifecycle from sourcing, to recruiting, to onboarding all within a single web-based application. With more than 1,400 clients worldwide, iCIMS is one of the largest and fastest-growing talent acquisition system providers with offices in North America, UK, and China. To learn more about how iCIMS can help your organization, visit http://www.icims.com or view a free online demo of the iCIMS Talent Platform.
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SOURCE iCIMS, Inc.