EXCLUSIVE Recruitment software maker iCIMS raises funding from TA Associates after pulling IPO
Summary
People familiar with the matter said the latest financing valued the company at about $3 billion, including debt. "With that uncertainty in the market, we felt like the best path forward was to partner with TA to achieve our vision, which is to be a one-stop solution for everything you need to find and hire talent," said Lucas. It generates about $400 million in annual recurring revenue, and is growing at double-digit percentage rates while profitable, according to the company. iCIMS is among a spate of software companies that got a boost from the onset of the COVID-19 pandemic, which forced businesses to increase spending on remote working technology. iCIMS builds tools that help companies recruit talent and manage the hiring process virtually.
