Sales Growth, Significant Customer Acquisition, Global Expansion, Executive Appointments, and New Product Awards Mark Company’s Record Year
SALT LAKE CITY – March 10, 2015 – HireVue, the leading digital recruiting and talent interaction provider, today announced record momentum for the quarter and fiscal year ending January 31, 2015. Central to this banner year, HireVue achieved record results for sales, new customer acquisition, customer renewals, user adoption, and candidate and user satisfaction, while also furthering its international expansion.
Fiscal year 2014 highlights included:
Welcomed more than 200 new customers across market segments and industries including: Adidas America, Atlanta Public Schools, Concur Technologies, Criteo, Discovery Communications, Home Box Office, NetSuite, REI, Scott’s Miracle Grow Company and The Toronto Dominion Bank. Today, more than 500 companies actively use HireVue to build the world’s best teams.
Continued international expansion with the addition of marquee customers including Total S.A., a top-tier oil and gas company with operations in 130 countries; Qantas Airways Limited; Vodafone; Keyence Corporation; and Rakuten, Japan’s top internet services provider. HireVue opened an office in London and continued to build out its global team to support the company’s international growth.
Powered more than 550,000 digital interviews and talent interactions in 120 countries in 13 languages. During the fiscal year, a HireVue digital interview was completed every minute of every day.
Strengthened executive team with the additions of Marty Ostermiller, Chief Financial Officer, formerly of Balihoo, RightNow Technologies and Oracle; and Carl Coe, Senior Vice President of Worldwide Sales & Alliances, formerly of PTC and ADP.
Launched HireVue Insights, the world’s first data-driven candidate and interviewer recommendation engine. HireVue Insights won Top HR Product of the Year from HR Executive Magazine™.
Added 84 new team members to support the company’s growth and provide customers with the world’s most innovative and reliable products, service and support.
Hosted more than 300 business executives and talent leaders during HireVue’s first Digital Disruption conference, where many of the world’s best and fastest growing companies shared how they are using digital technologies to build incredible teams around the world.
Launched The Hub, an exclusive customer community where more than 700 business leaders and recruiting professionals share digital recruiting knowledge, best practices and examples.
During the fiscal year, HireVue customers reported significant business results and improvements to the way they build, launch and coach their teams. Nucleus Research surveyed HireVue’s global customer base and found that HireVue customers consider 50 percent more candidates, hire 13 percent more top performers, and see 28 percent less turnover than before adopting the platform. Customers achieved these results while improving the candidate experience and reducing the overall recruiting costs by 24 percent. Specific customer case studies, including that of retail giant Urban Outfitters, can be found at www.hirevue.com.
“Our strong performance is the result of a growing, passionate customer base that is committed to building better teams through video and predictive analytics,” said Mark Newman, founder and CEO, HireVue. “We’re laser focused on helping customers push the boundaries of what is possible today with technology and providing them with visibility into the attributes that matter most – qualities like attitude, ambition, personality and communication style – to build the world’s best teams.”
During its last fiscal year, HireVue was also recognized by Inc. Magazine as #335 on Inc. 500 list of fastest-growing private companies, #11 of Top Utah Companies and #5 of Top Salt Lake City Metro area companies. HireVue was also ranked #10 on the Forbes America’s Most Promising Companies list, while its CEO, Mark Newman, was honored as a finalist for the Ernst & Young Entrepreneur of the Year award.
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