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Insights / iCIMS Accelerates Growth with Investment from TA Associates

iCIMS Accelerates Growth with Investment from TA Associates

iCIMS Accelerates Growth with Investment from TA Associates

Posted on: Aug 22, 2022

Our next chapter with iCIMS is underway, as we welcome TA Associates (“TA”) as an investor.

Vista and TA have partnered previously, and we are thrilled to collaborate once again to help iCIMS’ further penetrate the $17 billion market for talent software. With two experienced investment partners, iCIMS will leverage enhanced global add-on acquisition origination and integration capabilities and benefit from the combined operational expertise of its two investors.

iCIMS was acquired by Vista in August 2018. Vista supported iCIMS with its organic growth initiatives and select acquisitions. Under Vista’s ownership, iCIMS has built the world’s leading Talent Cloud, at a time when organizations need talent management tools and strategies more than ever. Today, iCIMS has a community of over 4,000 customers, including CVS Health, Target and IBM, and has increased its user base by 50%, surpassing 2.5 million worldwide.

When iCIMS founder Colin Day was looking to retire, Vista tapped Steve Lucas, a veteran executive who led Marketo to its acquisition by Adobe in 2018, as CEO of iCIMS. Steve has driven more tremendous growth at iCIMS since joining in 2020, working in close partnership with Colin who has remained on the board and is actively involved as an advisor to Steve.

This exit – along with other recent exits for SecureLink, Datto and Ping (pending) – is a testament to the power of our ecosystem of knowledge, resources and relationships, and our ability to leverage that ecosystem to create value for our companies and our Limited Partners.

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