HAZLET, N.J. (July 7, 2011) — iCIMS, the 2nd largest provider of Software-as-a-Service talent acquisition solutions, announced today the release of its Q2 2011 results, which illustrate the organization’s exceptional growth during the first half of the year.
Achieving a 26% year-over-year increase in contracted monthly recurring revenue from Q2-10, iCIMS continues to propel forward, adding nearly 75 new customers to its roster through June and 30 customers in one month alone. Trends in new customer acquisition show iCIMS’ strength in the SMB market as well as more clients migrating to iCIMS off of competing applicant tracking systems. New customers include mid-market organizations like UMass Medical School, IDC, and Modell’s as well as smaller companies like Vangard Management Group and Brown Distribution.
From a product perspective, iCIMS further laid the foundation for long-term sustainability with its 11.1 version of the Talent Platform. This release provides customers with enhanced Candidate Management and Employee Management capabilities, including candidate self-scheduling, historical data tracking, and social recruiting tools
The first half of 2011 also brought accolades to iCIMS’ Talent Platform. As the winner of the 2011 Network Products Guide Awards in the Retail Solution category and a 2011 TekTonic Award Winner for Best Performance Management Solution, iCIMS demonstrated continued success in developing powerful yet easy-to-use technology delivered through one core platform.
Capable of managing all stages of the employee lifecycle, iCIMS’ Candidate Management and Employee Management Packages include end-to-end solutions that support Employee Data Management, Recruitment Marketing, Onboarding, and more. In an effort to maximize user interaction and professional development among the HR community, the organization supports each client with holistic, end-to-end support services.
“iCIMS’ combined Q1 and Q2 results have built the momentum for one of our best years yet,” said iCIMS Chief Executive Officer Colin Day. “We’re thrilled with the results in the first half of the year and are enthusiastic about so many wonderful organizations joining iCIMS’ client roster. We look forward to continuing to execute on strategy and deliver positive results into the second half of the year.”
About iCIMS
iCIMS, the second-largest provider of Software-as-a-Service (SaaS) talent acquisition solutions, is an Inc. 500 honoree focused on solving corporate business issues through the implementation of easy-to-use web-based software solutions. iCIMS Talent Platform, the industry’s premier Talent Platform, enables organizations to manage their entire talent lifecycle from applicant tracking through onboarding and beyond through a single web-based application. With more than 950 clients worldwide, iCIMS is one of the largest and fastest-growing talent management system providers in the space. To learn more about how iCIMS can help your organization, visit www.icims.com or view a free online demo of the iCIMS Talent Platform at www.icims.com/prelude/1128/9986.
This press release was distributed through PR Web by Human Resources Marketer (HR Marketer: www.HRmarketer.com) on behalf of the company listed above.