iCIMS, the talent cloud company, Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses, and TA Associates (“TA”), a leading global growth private equity firm, today announced the close of TA’s investment in iCIMS. Vista and TA will partner together to further accelerate global growth and product development expansion at the company. Susquehanna Growth Equity, which first invested in iCIMS in 2012 and made an additional investment in 2015, will continue to be a shareholder.
iCIMS powers talent transformation for more than 4,000 organizations worldwide, including CVS Health, Target, and IBM. Employers leverage the iCIMS Talent Cloud to attract, engage, hire and advance the right talent that builds a diverse, winning workforce. Collectively, iCIMS customers employ more than 34 million people around the globe. The company’s award-winning product innovation, strong customer satisfaction, and talented team members worldwide position it to continue leading the large and growing HR technology market.
“iCIMS helps the best brands find and hire the best talent,” said Steve Lucas, CEO of iCIMS. “We are excited to partner with Vista and TA as we drive the future of HR and talent acquisition with mission-critical solutions designed for leaders who want to guide organizations boldly toward the future.”
“Our partnership with iCIMS is a testament to the power of our ecosystem of knowledge and resources, and our ability to leverage that ecosystem to create value for our companies and our Limited Partners,” said Monti Saroya, co-head of Vista’s Flagship Fund and senior managing director. “Vista is proud of the many milestones we’ve achieved together with Steve and the iCIMS management team, and we welcome TA as new partners to further scale and build on the company’s successes as we enter the next phase of growth and innovation at iCIMS.”
“Attracting, hiring, and advancing top talent has never been a more critical business priority, and the competition for talent is only expected to increase in the coming years,” said Ashu Agrawal, a Managing Director at TA. “We believe iCIMS is positioned for growth and are eager to leverage our operational experience, industry knowledge, and value-add capabilities to help the company reach its full potential. With our investment closed, we are actively partnering with Vista, Steve, and the entire iCIMS team to advance our shared vision for the future,” added Harry Taylor, a Managing Director at TA.