Rising HR solution category leader with consistent corporate growth attracts second round of funding from SGE
MATAWAN, N.J. (September 22, 2015) – iCIMS, Inc., a leading provider of Software-as-a-Service (SaaS) talent acquisition solutions, announced today that Susquehanna Growth Equity, LLC (SGE) has increased its investment in iCIMS. The proceeds will be utilized to repurchase shares from existing iCIMS shareholders.
The financial partnership between iCIMS and SGE began in January 2012, when iCIMS was an emerging provider of talent acquisition software. Since that initial investment, iCIMS’ employee count has more than doubled and its customer base and revenue have increased nearly threefold – all while remaining profitable. iCIMS is now the largest standalone provider of talent acquisition software in the industry, and was recently recognized as a leader in talent acquisition platforms by an independent research firm.
“iCIMS’ performance over the last three and a half years has been impressive, and we’re pleased to have the opportunity to increase our investment in the company,” says Scott Feldman, Managing Director of SGE. “The company has delivered consistent revenue growth and profitability since our initial investment, and we believe iCIMS has established the leadership position to continue its trajectory for the foreseeable future.”
iCIMS’ outstanding company growth has been recognized by several award programs including being on the Inc. 5000 for ten consecutive years, the Montclare SaaS 250, JMP Securities’ list of the Hot 100 Privately Held Software Companies, three SV US Globee Awards, and a #18 ranking on NJBIZ’s list of Fifty Fastest Growing Companies.
“SGE has been a fantastic financial partner for iCIMS,” says Colin Day, chief executive officer of iCIMS. “The initial investment from SGE enabled us to increase our investments in sales, marketing and product development to accelerate our revenue growth and establish iCIMS as a market leader. SGE’s desire to increase its investment is a strong endorsement that we’ve achieved our initial goals and that they believe in the future of iCIMS. We’re thrilled to continue our financial partnership.”
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