May Review: Read about Vista’s latest investments and activity during the month of May. READ HERE

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: May 06, 2022

This week marked an important moment for our portfolio company, iCIMS, the cloud-based solutions provider empowering organizations to attract, engage, hire and advance the right talent. On Tuesday, we announced TA Associates is investing in iCIMS and partnering with us on the next phase of the company’s journey.

During our partnership, which began in 2018, iCIMS successfully enhanced its go-to-market strategy to reach a higher suite of enterprise customers. Today, iCIMS has built a community of over 4,000 customers, including CVS Health, Target and IBM. iCIMS also executed a highly strategic acquisition strategy, buying Jibe, Opening.IO, EasyRecrue, Altru Labs and Candidate.ID, to enhance its product suite. These value creation initiatives and transformative expansions have resulted in an approximate 60% ARR growth over this period with a 50% increase in users to over 2.5 million.

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. Under Steve’s vision and leadership, Marketo revenue grew 66% in under two years to near $400 million. Steve has driven more tremendous growth at iCIMS since joining in 2020, working in close partnership with Colin who has remained involved in the company on the board and as an advisor to Steve.

We welcome TA Associates as a partner. Our combined capabilities will be leveraged to enhance iCIMS’ unique market position as iCIMS looks to deepen market penetration in the $17 billion market for talent software. With two experienced investment partners, iCIMS will be able to leverage enhanced global add-on acquisition origination and integration capabilities and benefit from the combined operational expertise of its two investors.

The timing of this transaction provides an attractive return for our Limited Partners, building on the momentum gained by other recent exits, including Datto and SecureLink.

Our partnership with iCIMS is a testament to the power of our ecosystem of knowledge and resources, and our ability to leverage that ecosystem to create value for our companies and our Limited Partners.

We are excited to partner with TA Associates as we enter the next phase of growth and innovation at iCIMS!

Sign up for insights.