iCIMS Strengths, Domain Expertise, and Key Differentiators
iCIMS is a global provider of talent acquisition technology, facilitating organizations worldwide in recruiting top talent. With over two decades of experience, iCIMS has led the way in transforming talent acquisition, equipping thousands of organizations with tailored solutions to address their evolving requirements throughout the talent lifecycle and enhance business outcomes. Leveraging AI-powered capabilities, iCIMS' hiring platform is meticulously crafted to enhance efficiency, reduce recruiting expenses, and cultivate exceptional experiences for both candidates and recruiters.
iCIMS Insights offers comprehensive insights into the talent market by leveraging data sourced from the iCIMS platform. With a proprietary database containing vast amounts of employer and job seeker activity data, encompassing job openings, applications, and hires, iCIMS provides a wealth of information derived from hundreds of millions of data points. Serving customers across various sectors of the U.S. economy, with diverse geographic, industry, and occupational representation, iCIMS combines its expertise with rich data to deliver unparalleled insights. These insights empower business and HR leaders to gain a deeper understanding of workforce trends and strategically drive competitive advantage.
iCIMS Recent Developments
In October 2023, iCIMS introduced its latest innovation, iCIMS Copilot, an advanced generative AI-powered recruiting assistant, during the HR Technology Conference. iCIMS Copilot is designed to revolutionize the talent acquisition lifecycle by providing enhanced experiences and insights, facilitating better decision-making for organizations in team building and growth endeavors. With iCIMS Copilot, talent acquisition teams can expect accelerated hiring velocity, reduced hiring costs, and a competitive hiring advantage, ultimately leading to improved business outcomes.
iCIMS customers already benefit from the company's embedded AI technologies within the iCIMS Talent Cloud, which include intelligent candidate and job matching, AI-driven chat functionalities, and skills matching, among others. The forthcoming capabilities of iCIMS Copilot, set to launch in 2024, underscore iCIMS's commitment to innovation and its dedication to enhancing the recruiting experience through the transformative potential of generative AI.
In May 2023, iCIMS introduced the latest evolution in candidate relationship management (CRM) during its INSPIRE conference, a gathering for talent acquisition leaders focused on innovation. Recognizing the heightened expectations of today's candidates regarding their recruitment experiences, iCIMS addressed the challenge faced by recruitment teams in delivering personalized experiences at scale. The unveiling of iCIMS Candidate Experience Management (CXM) marks a significant advancement, empowering recruiters to leverage state-of-the-art marketing technology for efficiently nurturing and converting candidates. Through a unified solution, iCIMS CXM offers a unique blend of campaign logic, engagement scoring, and candidate fit analysis, enabling recruiters to optimize their candidate interactions effectively. iCIMS CXM combines the powerful pipeline building capabilities of iCIMS CRM with the automation and lead scoring abilities of iCIMS Marketing Automation. It will enable recruiters to build, personalize and automate candidate experiences with little recruiter intervention and source candidates that are most interested and most qualified.
iCIMS Mergers and acquisitions (M&A) Activities
Throughout its evolution, iCIMS has strategically acquired companies and technologies to enhance its suite of applications and technical capabilities, driving growth and fostering innovation within the industry.
March 2022 - Candidate.ID, now iCIMS Marketing Automation, an marketing automation software built for talent acquisition
December 2020 - Altru Labs, now iCIMS Video Studio, transforms the talent experience through employee video storytelling
November 2020 - EASYRECRUE, the European leader in video interviewing and digital assessment capabilities.
May 2020 - Opening.io, an Ireland-based data science company, powers iCIMS' AI, delivering speed and precision for building transformative, diverse workforces at scale.
June 2019 - Jibe, a recruiting technology platform founded in New York City, delivering cutting-edge candidate engagement and recruitment marketing capabilities.
January 2018 - TextRecruit, now Text Engagement and iCIMS Digital Assistant, helps power candidate engagement at scale and enables organizations to hire people faster through text messaging, and AI-powered live chat.
September 2012 - Jobmagic, a social recruiting solution provider.
iCIMS Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying iCIMS 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 iCIMS 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 iCIMS Talent Cloud customers.
iCIMS Overview
Ownership: - Vista Equity Partners
Number of Employees: 1500
Functional Market: Onboarding, Recruiting, Candidate Relationship Management, Applicant Tracking Systems,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, 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, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
iCIMS Key Cloud and HCM Applications
iCIMS Talent Cloud
iCIMS HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2022 | 2023 | 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.
iCIMS Revenue Breakdown by Type:
iCIMS HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
iCIMS HCM Applications Revenues By Verticals, $M:
iCIMS Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
iCIMS Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
iCIMS Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified iCIMS Customers
No. of iCIMS Customers: 6000
No. of iCIMS HCM Applications Customers: 6000
No. of iCIMS Cloud HCM Customers: 6000
No. of iCIMS Cloud HCM Subscribers: 2.7M global platform users
iCIMS powers talent transformation for more than 4,000 organizations worldwide, including CVS Health, Target, IBM, Microsoft, Valvoline, Canon, 7-Eleven, Memorial Sloan Kettering Cancer Center, and Foot Locker.
iCIMS Market Opportunities, M&A and Geo Expansions
In May 2022, TA Associates ("TA") made a significant investment in the Company alongside existing investor Vista Equity Partners ("Vista"). Vista, a prominent global investment firm specializing in enterprise software, data, and technology-enabled businesses, initially invested in iCIMS in 2018, fostering the Company's global expansion. With this investment, Vista and TA will hold equal economic ownership in iCIMS, collaborating to further drive global growth and expand product development initiatives. Additionally, Susquehanna Growth Equity, a longstanding shareholder in iCIMS since 2012, will continue its investment in the Company.
Bringing a wealth of experience in scaling technology firms across diverse sectors and geographies, TA's partnership with Vista signifies a shared commitment to propel iCIMS into its next phase of growth. Through their combined efforts, iCIMS aims to leverage TA's global network and integration capabilities while benefiting from Vista's demonstrated operational expertise. Throughout its collaboration with iCIMS, Vista has played a pivotal role in enhancing the Company's market presence, expanding its go-to-market strategy, broadening its global customer base, and fortifying its product suite through both organic growth and strategic acquisitions.
iCIMS Risks and Challenges
Diversifying their product portfolio beyond the talent acquisition segment could be pivotal for their continued success.
iCIMS Ecosystem, Partners, Resellers and SI
The iCIMS Partner Community offers a robust network of vendors, service providers, advisors, and resellers, providing customers with the tools to fully leverage the iCIMS Talent Cloud. With over 750 partners worldwide, iCIMS enables customers to accelerate their transformation initiatives and foster a diverse and thriving workforce. Recognizing the significance of seamless software integration across diverse workflows, iCIMS continuously enhances its integration capabilities with leading ERP and HCM providers. This includes broadening compatibility with platforms such as Workday, UKG, Oracle, SAP, Ceridian, Infor, HireVue, OutMatch, and others, ensuring a comprehensive and interconnected talent management ecosystem.
iCIMS Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- iCIMS Public Cloud and Infrastructure (IaaS)
- iCIMS Platform (PaaS)
- iCIMS Application Delivery
- iCIMS Private Cloud and Data Centers
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
