CareerArc Strengths, Domain Expertise, and Key Differentiators
CareerArc is a HR technology company helping business leaders recruit and transition the modern workforce. CareerArc social recruiting and modern outplacement solutions help thousands of organizations, including many of the Fortune 500, maximize their return on employer branding. By leveraging the cloud, running on world-class infrastructure, and combining web, mobile and social media applications, CareerArc helps companies gain a competitive edge in recruitment, employment branding, and benefits.
CareerArc Recent Developments
In May 2020 CareerArc has integrated an AI and video tool into its placement platform to help candidates evaluate their soft skills and character traits through brief, self-guided interviews.
Candidates can use the insights generated through the video assessment to refine the presentation of their personal brand during interviews, on their resumes, and while networking. The company said the “AI-powered psychometric technology” was built with language processing, machine learning, and assessment science.
In June 2018, CareerArc released new update to CareerArc 2.0, a social recruiting platform. The newest product release will boost CareerArc recruitment software suite, as well as a candidate-focusing digital projects, with a thrust on an intelligent, adaptive, and intuitive framework.
CareerArc Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying CareerArc applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of CareerArc and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified CareerArc, customers.
Ownership: - x
Number of Employees: 200
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith Based Nonprofit, Youth and Elderly Care Nonprofit, Special Cause Nonprofit, Oil and Gas, Professional Services, Retail, Transportation, Utilities,
CareerArc Key Cloud and HCM Applications
CareerArc HCM and Cloud HCM Applications Revenues, $M:
|Type/Year||2018||2019||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|HCM Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud HCM Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
CareerArc Revenue Breakdown by Type:
|Type||License||Services||Hardware||Support & Maintenance||SaaS|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe|
CareerArc HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2019 HCM Revenues, By Sub-Functional Markets, $M
CareerArc HCM Applications Revenues By Verticals, $M:
CareerArc Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2019 Total Revenues, $M||2019 HCM Applications Revenues, $M|
CareerArc Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
CareerArc Customers - Breakdown by Geo, Size, Vertical and Product
No. of CareerArc Customers: 2000
No. of CareerArc HCM Applications Customers: 2000
No. of CareerArc Cloud HCM Customers: 2000
No. of CareerArc Cloud HCM Subscribers: x
CareerArc works with 2,000+ customers across the world, providing HR technology solutions for recruiting and transitioning the world's workforce.
Some of their customers are: HMS Host, CSX, Philips, 84 Lumber, CA Technologies, DELL, Ericsson, Four Seasons, P&G, Auburn Universitu, and many others.
CareerArc Market Opportunities, M&A and Geo Expansions
In January 2019 CareerArc has raised a $30 million growth equity round led by PeakEquity Partners (“PeakEquity”). As the only company offering both social recruiting and virtual outplacement solutions to the multi-billion dollar HR software market, CareerArc helps organizations manage the two critical touchpoints in employment where an employer brand is tested and scrutinized – hiring new talent and transitioning employees out of the organization.
In Jun 2018 CareerArc, the HR Tech solutions provider has made a new update to CareerArc 2.0, its social recruiting platform.The newest product release will boost its CareerArc recruitment software suite, as well as its candidate-focusing digital projects, with a thrust on an intelligent, adaptive, and intuitive framework.
CareerArc is OEMing its technology to Mercer, a global consulting leader in advancing health, wealth, and careers, to help create Mercer CareerArc Candidate Care. The new product helps job applicants with their next career step by providing declined candidates with assistance that includes a resume and cover letter builder, skills assessments, video interview practicing, and job matching tools.
CareerArc Risks and Challenges
Outplacement services have not been a big priority for employers, but CareerArc's unique value proposition may resonate with those in midst of overhauling their operations because of digital transformation.
CareerArc Ecosystem, Partners, Resellers and SI
CareerArc makes mostly direct sales. CareerArc partners with some companies that share their passion for human capital. Some of them are: Mercer, TMP Worldwide, JWT, SilkRoad and many others.
CareerArc Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- CareerArc Public Cloud and Infrastructure (IaaS)
- CareerArc Platform (PaaS)
- CareerArc Application Delivery
- CareerArc Private Cloud and Data Centers
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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