iCIMS Ranked 164th Fastest Growing Technology Company in North America on the 2005 Deloitte Technology Fast 500
Provider of Web-based Hiring Management Solutions Attributes its 1,142 Percent Revenue Growth to Addition of New Clients, Customer Retention Rate
Hazlet, NJ (October 27, 2005) – iCIMS, a leading provider of Web-based Hiring Management Systems, today announced that the company ranked number 164 on the 2005 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America.
Rankings are based on percentage revenue growth over five years, from 2000 to 2004. iCIMS grew 1,142 percent during this period.
Colin Day, President and CEO of iCIMS, credits the company’s 97 percent customer retention rate, the signing of a record number of new clients and the award-winning iCIMS’ suite of hiring management solutions with iCIMS’ impressive percent revenue growth over the past five years.
“This recognition is a tribute to the hard work of our outstanding team and the ability of our iCIMS’ solution to address the present and long-term talent management initiatives of organizations across all industries,” stated Day. “The iCIMS Talent Platform solution has garnered significant adoption across the U.S. as well as in global organizations. Combined with our strong commitment to customer service, the iCIMS’ solution has led iCIMS to become the leading Applicant Tracking Solution provider for the mid-market.”
iCIMS provides recruiters with collaborative tools that help them attract, screen, and hire the best talent, giving them an edge over the competition. iCIMS’ suite of Applicant Tracking Solutions streamlines the entire Hiring Management process in a single, highly flexible, and cost-effective solution. iCIMS currently supports the hiring management needs of more than 275 corporations worldwide, the majority of which leverage iCIMS’ Corporate, it’s mid-market offering to companies between 500 and 10,000 employees.
“Making the Deloitte Technology Fast 500 is a testament to a company’s commitment to technology and makes a strong statement about the quality of a company’s product and its leadership,” said Tony Kern, deputy national managing principal of Deloitte’s Technology, Media & Telecommunications industry practice. “Because the Deloitte Technology Fast 500 measures sustained revenue growth over five years, being one of the 500 fastest growing technology companies in North America is an impressive achievement. We commend iCIMS for making the Fast 500 list with a phenomenal 1,142 percent growth rate over five years.”
Fast 500 Selection and Qualifications:
The Fast 500 list is compiled from Deloitte’s 15 regional North American Fast 50 lists, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 2000 operating revenues of at least $50,000 USD or $75,000 CD for the United States and Canada, respectively, and 2004 operating revenues of at least $1 million USD or CD.
Entrants must be headquartered in North America and must be a “technology company,” defined as a company that owns proprietary technology that contributes to a significant portion of the company’s operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies’ technology in a unique way does not qualify.
Source: iCIMS
