MATAWAN, N.J., Dec. 19, 2012 /PRNewswire/ -- iCIMS, Inc., a leading provider of Software-as-a-Service (SaaS) talent acquisition software solutions for growing businesses, announced today that the company has been named a Best in Biz Bronze winner in the Fastest Growing Company of the Year category for medium-size organizations.
This award is largely attributed to a significant increase in top-line revenue while also showing attractive profit margins year over year. The company, which was founded in 1999, has achieved at a compounded annual growth rate of 43 percent over the last decade, with more than 20 percent growth last year. Additionally, 2011 marked a milestone in company history – the achievement of 1,000 clients. iCIMS collected an average of one new customer every business day last year. In the fourth quarter alone, the company signed 75 clients, contributing to a total of 300 new clients at the end of the year.
iCIMS' success continued into 2012 with a $35 million minority growth equity investment from Susquehanna Growth Equity, LLC (SGE). With the new investment, the company accelerated its growth and expansion plans by directing increased funds to marketing, product development, and acquisitions. By April, iCIMS hired their 200th employee and relocated its headquarters to an upscale building that comfortably houses all current and future in-house staff. The following quarter, the company announced a reseller relationship with Canada's largest online recruitment provider, Workopolis. Shortly thereafter, iCIMS announced the acquisition of its former partner, social recruiting solution provider Jobmagic. These monumental milestones for iCIMS have received recognition from Inc. 500 l 5,000, NJBIZ's Fifty Fastest Growing Companies in NJ, and Deloitte's Technology Fast 500™.
More than 400 entries were submitted in this year's awards program, from an array of U.S and Canadian public and private companies of various sizes and industries. Best in Biz Awards 2012 featured more than 50 categories, including Company of the Year, Most Innovative Company of the Year, Executive of the Year, and Best New Product of the Year. Companies that join iCIMS in the awards program's winner circle include Coupa, SanDisk, and StubHub.
"iCIMS is honored to be recognized by the Best In Biz Awards as one of the fastest growing companies in North America," said Colin Day, Chief Executive Officer, iCIMS. "Awards like this validate our path of delivering best-of-breed talent acquisition software solutions and allow us to stand out in a crowded market space. Our success will continue as we launch new product upgrades and offerings that equip HR professionals with the most robust tools to handle the trends of the industry," concluded Day.
Winners of Best in Biz Awards 2012 were determined by an independent panel of 32 judges from top-tier news, business, and technology publications, as well as broadcast outlets and analyst firms, such as ABC, BusinessWeek, Computerworld, ECT News Network, Entrepreneur, eWeek, Examiner, Financial Times, Forbes, FOX News, Hartford Business Journal, IDG Ventures, IEEE Institute, Inc., Insight Media, King Features Syndicate, Lab Reviews, Network World, The News and Observer, PC Magazine, ReadWriteWeb, South Florida Business Journal, Tech-Gaming, Techtalk, Upstart Business Journal, USA Today and ZDNet.
For the full list of gold, silver, and bronze winners in Best in Biz Awards 2012, visit: http://www.bestinbizawards.com/2012-winners.
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 1,300 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.