Welcome!

News Feed Item

iCIMS Shares First-Half 2014 Results; Highlights Strong Financial Performance and Industry Accolades

- Leading Pure SaaS provider closes Q2 on a high-note with notable growth in software sales across new and existing customers; key verticals -

MATAWAN, N.J., Aug. 8, 2014 /PRNewswire/ -- iCIMS, Inc., a leading provider of Software-as-a-Service (SaaS) talent acquisition software solutions for growing businesses, continues to ascend through 2014 as product sales, client count, revenue, and employee headcount rise. With iCIMS' Pure SaaS delivery model, the company is uniquely positioned to keep up with the innovative and constantly changing nature of the talent acquisition market, while also possessing the security and scalability that can be trusted to suit the needs of companies of all sizes.

iCIMS, Inc., a leading provider of Software-as-a-Service (SaaS) talent acquisition software solutions for growing businesses.

Setting the standard for talent acquisition software providers, the organization has seen a 35% increase in revenue growth from Q2 2013. Simultaneously, both annual recurring revenue growth and employee headcount have increased by 37% – bringing the organization to nearly 400 employees across the globe. Customer count also increased by 41% compared to Q2 2013.

"Our success in Q2 absolutely personifies the iCIMS spirit," said iCIMS Chief Executive Officer, Colin Day. "It's amazing to be a part of an ever-evolving organization that — thanks to the drive and dedication of the quality people we hire — continues to raise the bar in SaaS technology with 97% recurring revenue."

Q2 2014 Business Highlights Include:

  • Product Sales: The number of units of iCIMS Connect, the company's candidate relationship management (CRM) product, increased by 138% vs. Q2 2013. 
  • Cross-sell: Year over year, iCIMS experienced a significant increase in the sales of the following solutions within its 2,200+ client base:
    • iCIMS Connect sales increased by 122%
    • Social Distribution sales increased by 475%
    • I-9 and E-Verify sales increased by 167%
  • Vertical Growth: iCIMS saw a 33% increase in new customers within the Manufacturing industry, 67% more customers in Retail, and 167% more customers in Technology businesses versus 2013. Included on the list of new iCIMS customers are Northern Star Industries, Inc., RadioShack, and Inttra, Inc.
  • Mobile-Optimized Technology Innovation: After rolling out mobile-optimized career portals in early 2014, iCIMS measured that mobile usage among its clients' job seekers increased 75%. Usage was calculated across more than 200 million job seekers that visit iCIMS-hosted career sites.
  • Awards: iCIMS garnered accolades from the New Jersey Technology Council (NJTC), NJBIZ, and Red Herring for efforts surrounding outstanding fiscal and corporate performance, entrepreneurship, and company culture. Additionally, iCIMS' Chief Financial Officer, Ronald Kasner, was selected as the 2014 CFO of the Year by NJTC.
  • Key Leadership Appointment: Michael Wilczak was appointed as the organization's Senior Vice President of Corporate Development, bringing 20 years of experience as a global business executive to the company.
  • Increased Partner Development: iCIMS saw a 31% increase in technology partners, further illustrating the need for best-in-breed software providers to integrate and support clients together.

"An outstanding year in 2013 reset the definition of achievement for all groups at iCIMS. We love delighting customers and have enjoyed partnering with them to achieve great mutual success, leading us to build our operation to scale to match our growth. The first half of the year is a great indicator that we have a lot to look forward to in the remainder of 2014," concluded Day.

For more information about iCIMS' business profile by comparison to the SaaS industry at large, please visit: www.icims.com/investor-profile

For information about careers at iCIMS, visit: www.careers.icims.com   

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 helping businesses win the war for top talent 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 leverage mobile, social, and video technologies to manage their entire talent acquisition lifecycle from building talent pools, to recruiting, to onboarding all within a single web-based application. With more than 2,200 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.

Trademarks and registered trademarks contained herein remain the property of their respective owners.

Media Contact:
Raquel Fleig
iCIMS, Inc.
732-520-7082
[email protected]

Logo - http://photos.prnewswire.com/prnh/20130116/NY43069LOGO

SOURCE iCIMS

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
As ridesharing competitors and enhanced services increase, notable changes are occurring in the transportation model. Despite the cost-effective means and flexibility of ridesharing, both drivers and users will need to be aware of the connected environment and how it will impact the ridesharing experience. In his session at @ThingsExpo, Timothy Evavold, Executive Director Automotive at Covisint, will discuss key challenges and solutions to powering a ride sharing and/or multimodal model in the a...
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lea...
IoT is fundamentally transforming the auto industry, turning the vehicle into a hub for connected services, including safety, infotainment and usage-based insurance. Auto manufacturers – and businesses across all verticals – have built an entire ecosystem around the Connected Car, creating new customer touch points and revenue streams. In his session at @ThingsExpo, Macario Namie, Head of IoT Strategy at Cisco Jasper, will share real-world examples of how IoT transforms the car from a static p...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
From wearable activity trackers to fantasy e-sports, data and technology are transforming the way athletes train for the game and fans engage with their teams. In his session at @ThingsExpo, will present key data findings from leading sports organizations San Francisco 49ers, Orlando Magic NBA team. By utilizing data analytics these sports orgs have recognized new revenue streams, doubled its fan base and streamlined costs at its stadiums. John Paul is the CEO and Founder of VenueNext. Prior ...
One of biggest questions about Big Data is “How do we harness all that information for business use quickly and effectively?” Geographic Information Systems (GIS) or spatial technology is about more than making maps, but adding critical context and meaning to data of all types, coming from all different channels – even sensors. In his session at @ThingsExpo, William (Bill) Meehan, director of utility solutions for Esri, will take a closer look at the current state of spatial technology and ar...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
Businesses are struggling to manage the information flow and interactions between all of these new devices and things jumping on their network, and the apps and IT systems they control. The data businesses gather is only helpful if they can do something with it. In his session at @ThingsExpo, Chris Witeck, Principal Technology Strategist at Citrix, will discuss how different the impact of IoT will be for large businesses, expanding how IoT will allow large organizations to make their legacy ap...
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the protocols that communicate data and the emerging data analy...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
Creating replica copies to tolerate a certain number of failures is easy, but very expensive at cloud-scale. Conventional RAID has lower overhead, but it is limited in the number of failures it can tolerate. And the management is like herding cats (overseeing capacity, rebuilds, migrations, and degraded performance). Download Slide Deck: ▸ Here In his general session at 18th Cloud Expo, Scott Cleland, Senior Director of Product Marketing for the HGST Cloud Infrastructure Business Unit, discusse...
Whether they’re located in a public, private, or hybrid cloud environment, cloud technologies are constantly evolving. While the innovation is exciting, the end mission of delivering business value and rapidly producing incremental product features is paramount. In his session at @DevOpsSummit at 19th Cloud Expo, Kiran Chitturi, CTO Architect at Sungard AS, will discuss DevOps culture, its evolution of frameworks and technologies, and how it is achieving maturity. He will also cover various st...