HireVue Strengths, Domain Expertise, and Key Differentiators
Across the globe, HireVue is transforming the way companies discover, hire and develop the best talent with Hiring Intelligence and its HireVue Video Interviewing platform. Using a combination of industrial/organizational science and rigorously tested, predictive artificial intelligence, customers are hiring higher quality talent, faster. HireVue is available worldwide in over 30 languages and has hosted more than eight million on-demand interviews and one million assessments.
HireVue Recent Developments
In April 2021, HireVue released HireVue Builder, enabling hiring teams to rapidly create high-quality structured interviews based on predetermined key skills for the job. By identifying the job role and level, HireVue Builder automatically suggests job related competencies, relevant interview questions, and evaluation criteria that have been scientifically validated to create fairer hiring decisions and better predict on-the-job performance.
In October 2019, HireVue has added new game-based assessments that measure job-related emotional intelligence to its suite of validated game-based assessments. E-Motions, TeamChat, LeaderChat and Pulse together measure empathy, influence and impulsivity. These new assessments provide hiring managers with research-backed insights into social abilities that are directly related to employability, job performance, and leadership, improving their ability to hire the best talent for the job.
HireVue’s emotional intelligence games are already being successfully used by one of the UK’s largest retail employers for graduate and apprentice hiring. To date, over 9,000 candidates have completed TeamChat and E-Motions, as well as two games measuring cognitive ability. With short completion times, a validated assessment of both cognitive and emotional abilities can be achieved in a single, engaging testing session.
HireVue Mergers and acquisitions (M&A) Activities
In October 2020, acquired AllyO, positioning itself as a transformational player in the hiring landscape. AllyO’s industry leading recruiting chatbot and automated workflow software combined with HireVue’s state-of-the-art on-demand video interviewing and assessments, will increase hiring velocity and improve talent quality for companies, accessing a wider, more diverse candidate pool.
In May 2018, HireVue acquired London-based MindX, a game-based assessments company. MindX's game-based assessments deliver proven solutions to accelerate the hiring process and rapidly identify cognitive traits in job candidates. Integrating the latest advancements in psychometric, big data and machine learning from MindX into the HireVue Video Intelligence platform, will deliver to HireVue customers the capability to seamlessly incorporate game-based assessments into their candidate screening processes for more thorough evaluations and an engaging candidate 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, customers.
Ownership: - x
Number of Employees: 450
Key Verticals: Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K157, 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, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
HireVue Key Cloud and HCM Applications
HireVue HCM and Cloud HCM Applications Revenues, $M:
|Type/Year||2020||2021||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.
HireVue Revenue Breakdown by Type:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
HireVue HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2021 HCM Revenues, By Sub-Functional Markets, $M
HireVue HCM Applications Revenues By Verticals, $M:
HireVue Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 HCM Applications Revenues, $M|
HireVue Direct vs Indirect sales
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HireVue Customers - Breakdown by Geo, Size, Vertical and Product
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 works with over 700 customers globally, including leading brands such as Vodafone, Intel, Tiffany & Co., Honeywell, Qantas, Carnival Cruise Line, and 40% of Fortuneâ€™s Most Admired. They help its clients lead their industries with 50% faster growth, 29% less turnover, and 13% more top performers.
HireVue Market Opportunities, M&A and Geo Expansions
In September 2020, HireVue appointed Marta DeBellis as its new Chief Marketing Officer (CMO). DeBellis brings to HireVue a wealth of high-impact, business-to-business marketing experience, having worked for leading multinational tech companies, including Intel, MRM/McCann, Adobe, and most recently with Instructure, where she served as CMO.
HireVue completed a major investment from The Carlyle Group’s. Existing shareholders, including Granite Ventures, Sequoia, and TCV, together with HireVue management, remain minority investors.
Equity capital for the investment came from Carlyle Partners VII, an $18.5 billion fund that makes majority and strategic minority investments primarily in the U.S. in targeted industries, including in technology, media, and telecommunications (TMT) companies. TMT is a core area of focus for Carlyle, representing more than $30 billion of invested equity since inception.
HireVue expanded its operations in Asia Pacific and Europe, following a slew of acquisitions to shore up its offerings. Furthermore in October 2018, launched AI-Driven Pre-Built Assessments to its market-leading HireVue Assessments platform. HireVue Pre-Built Assessments models are designed to measure specific cognitive abilities and job-related competencies for particular job types. The first Pre-Built Assessments to be released include three cognitive skills tests and four job-specific assessments: Call Center Service Representative; Sales Representative; Retail Associate; Software Developer.
In March 2018, HireVue launched localized Japanese Version of AI-driven HireVue Assessments product that bases its predictive, pre-employment assessments on Japanese data for modeling. Built-in partnership with TalentA, the premier HR software distribution company in Japan, the product is fully customizable for the positions for which each customer is recruiting. Additionally, HireVue uses AI to analyze word choice, tone, and facial movement of job applicants who does video interviews. The company has raised $95 million and works with companies like Unilever and Goldman Sachs.
HireVue Risks and Challenges
HireVue is aiming to sustain its growth by acquiring complementary applications to its video interviewing products. Integrating them in the Cloud to deliver seamless user experience will be its next challenge.
HireVue Ecosystem, Partners, Resellers and SI
In February 2021, HireVue expanded its partnership with the Science of Diversity and Inclusion Initiative (SODI) as an Innovation Partner. Through this new level of collaboration, HireVue will work with SODI on a number of research-based initiatives aimed at solving diversity, equity and inclusion problems within hiring.
HireVue Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- HireVue Public Cloud and Infrastructure (IaaS)
- HireVue Platform (PaaS)
- HireVue Application Delivery
- HireVue 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).
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