Vista Equity Partners has closed its investment in iCIMS Inc, a provider of cloud-based talent acquisition solutions. No financial terms were disclosed. Susquehanna Growth Equity will remain a shareholder. Goldman Sachs provided financial advice to iCIMS while Qatalyst did likewise for Vista.
HOLMDEL, N.J. September 13, 2018 – iCIMS Inc., a leading provider of cloud-based talent acquisition solutions, today announced the official close of an investment by Vista Equity Partners (Vista), a market-leading private equity firm that invests in software, data and technology-enabled businesses. The transaction was completed on September 12, 2018.
The investment underscores iCIMS’ status as the leading provider of enterprise recruitment technology and is expected to support further growth for the company. Approximately 4,000 employers worldwide use iCIMS’ recruiting products as well as its ecosystem of integrated partners to attract, screen and hire talent into their organizations.
“This transaction is a major milestone for iCIMS and we’re proud of what it says about our business and our employees,” said Colin Day, iCIMS founder and chief executive officer. “We strongly believe in iCIMS’ ability to win this large, growing market and are delighted to partner with Vista on our next phase of growth.”
Susquehanna Growth Equity, who invested in iCIMS in 2012 and again in 2015, will continue to be a shareholder and serve on iCIMS’ Board of Directors. Day will continue to serve on the board and as company CEO.
Goldman Sachs acted as exclusive financial advisor to iCIMS and Qatalyst acted as financial advisor to Vista. Cooley LLP acted as legal advisor to iCIMS and Kirkland and Ellis acted as legal advisor to Vista.
About iCIMS, Inc.
iCIMS is the leading provider of talent acquisition solutions that help businesses win the war for top talent. iCIMS empowers companies to manage their entire hiring process within the industry’s most robust Platform-as-a-Service (PaaS). Built on the foundation of a best-to-market talent acquisition software suite, iCIMS’ PaaS framework, UNIFi, allows employers to expand the capabilities of their core talent acquisition technology by integrating with the largest partner ecosystem in talent acquisition to help them attract, find, screen, and manage candidates. Offering scalable, easy-to-use solutions that are backed by award-winning customer service, iCIMS supports approximately 4,000 customers and is one of the largest and fastest-growing talent acquisition solution providers.
About Vista Equity Partners
Vista Equity Partners, a U.S.-based investment firm with offices in Austin, San Francisco, Chicago, and Oakland, currently invests in software, data and technology-enabled organizations led by world-class management teams with long-term perspectives. Vista is a value-added investor, contributing professional expertise and multi-level support towards companies’ realization of their full potential. Vista’s investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. For more information, please visit www.vistaequitypartners.com
About Susquehanna Growth Equity
Susquehanna Growth Equity, LLC (SGE) invests in growth stage technology companies in the software, information services, internet and financial technology sectors. SGE is backed by a unique and patient source of capital, which enables the firm to give management teams and entrepreneurs freedom and flexibility to maximize growth. The firm has invested in over 45 companies over the last 12 years, and has portfolio companies across the US, Canada, EU, and Israel. To learn more, please visit www.sgep.com.
Powered by WPeMatico