HireVue Strengths, Domain Expertise, and Key Differentiators
HireVue's AI-integrated hiring systems offer numerous advantages to their clients. These benefits include streamlining the recruitment process for recruiters, candidates, and employers by automating applicant screening and evaluation. This not only simplifies talent acquisition but also enhances its speed while ensuring fairness and objectivity.
HireVue Recent Developments
HireVue's strategy includes Find My Fit, an AI-driven tool that matches candidates with jobs based on their skills and potential, enhancing the job-seeking experience.
In April 2021, HireVue introduced HireVue Builder, enabling hiring teams to create structured interviews focused on key job competencies, improving equitable hiring and job performance predictions.
In October 2019, HireVue expanded its game-based assessments to include tools measuring emotional intelligence, such as E-Motions and TeamChat, offering insights into traits like empathy and influence to better assess candidates' job performance and leadership potential.
HireVue Mergers and acquisitions (M&A) Activities
In May 2023, HireVue, a leader in video interviewing and recruiting solutions, acquired Modern Hire, an intelligent hiring platform. This strengthens HireVue’s position in modern hiring by combining assessment, interviewing, and hiring automation with ethical AI, allowing organizations to identify candidate potential beyond resumes.
In October 2020, HireVue acquired AllyO, a recruiting chatbot and automation platform, enhancing its ability to streamline hiring and reach a more diverse candidate pool.
In May 2018, HireVue acquired MindX, a game-based assessment company, integrating its psychometrics and machine learning into HireVue’s platform to offer more comprehensive candidate evaluations and an engaging experience.
HireVue Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying HireVue 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 HireVue 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 HireVue Interview Scheduling, HireVue Conversational AI Recruiting Assistant, HireVue Interview Assessments customers.
HireVue Overview
Ownership: - Carlyle
Number of Employees: 400
Functional Market: Recruiting,
Key Verticals: Automotive, Banking and Financial Services, Communication, Construction and Real Estate, CPG, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil Gas Chemicals, Professional Services, Retail, Transportation, Utility,
HireVue Key Cloud and HCM Applications
HireVue Interview Scheduling, HireVue Conversational AI Recruiting Assistant, HireVue Interview Assessments
HireVue HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2023 | 2024 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| 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.
HireVue Revenue Breakdown by Type:
HireVue HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2024 HCM Revenues, By HR Segment, $M | |
HireVue HCM Applications Revenues By Verticals, $M:
HireVue Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
HireVue Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
HireVue Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified HireVue Customers
No. of HireVue Customers: 800
No. of HireVue HCM Applications Customers: 800
No. of HireVue Cloud HCM Customers: 800
No. of HireVue Cloud HCM Subscribers: x
HireVue collaborates with a global clientele of more than 800 organizations, which encompasses prominent brands like Vodafone, Intel, Tiffany & Co., Honeywell, Qantas, Carnival Cruise Line, and 40% of Fortune's Most Admired companies. With the 2023 acquisition od Modern Hire, HireVue will serve over 1,150 customers around the globe and over half of the Fortune 100. Notably, in the year 2022, HireVue experienced a substantial 37% surge in new customer acquisitions.
HireVue Market Opportunities, M&A and Geo Expansions
The acquisition of Modern Hire in 2023 heralds a new era in hiring, offering organizations an easier way to leverage a comprehensive and innovative platform for assessment, interviewing, and end-to-end hiring automation. This move solidifies HireVue's position as a leader in modern hiring solutions driven by ethical AI, enabling them to help organizations uncover employee and candidate potential beyond traditional resumes. This strategic move expands HireVue's product offerings, serving over 1,150 customers globally and more than half of the Fortune 100, and reaffirms their commitment to science, innovation, and ethical AI in the hiring process.
HireVue Risks and Challenges
Significant risk for a video interview software company is the potential for technical glitches or network issues during interviews, which could lead to a negative candidate experience and impact the overall effectiveness of the hiring process.
HireVue Ecosystem, Partners, Resellers and SI
HireVue collaborates with numerous ATS vendors and other partners to offer the capability of seamlessly inviting candidates for interviews directly through your ATS or candidate CRM. Through most integrations, users can extend invitations to candidates, monitor their status, and review interviews by accessing action links within your system of record. Additionally, HireVue provides an open API for vendors who are interested in integrating with our system but are not currently connected.
Research Methodology
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:
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ
