Recruiting Technology Pioneer Carries Momentum into 2014, Poised for Continued Growth
NEW YORK — March 3, 2014 — Jibe, Inc., a leading recruitment technology company, today announced that it had more than doubled its client base over the past 12 months, adding signature clients like Avis Budget Group, Bristol Myers-Squibb, Informatica and REI to its roster. The Company also reported today that revenues in 2013 grew by 492 percent, with annual contract bookings increasing by 215 percent. Jibe also recently established new 14,000 square foot headquarters in New York City’s West Village to accommodate rapid expansion of the company’s employee base, which nearly tripled in 2013. The increase in headcount at Jibe is vital to support ambitious growth plans in 2014.
“We’re just getting started,” said Jibe founder and CEO, Joe Essenfeld. “The time has come for the accelerated advancement of recruiting tools and technology. For too long now, corporate recruiting has been saddled with outdated and impersonal solutions that get in the way of finding and recruiting top talent. We’re committed to delivering a platform for both talent acquisition professionals and job seekers that make hiring about the people, not the process.”
When Jibe announced a $10 million Series B funding round twelve months ago, it accelerated its growth plan. The Company expanded internationally, extending its recruitment marketing platform to Canada, Mexico and Asia Pacific. Rapidly increasing interest from companies to implement recruiting technology that enhances the experience they offer candidates has spurred much of this growth. Jibe now counts 14 companies from the Fortune 100 amongst its client base.
In October 2013, Jibe introduced Recruiting Analytics™, the first-ever “Big Data” solution specifically developed for the recruitment industry. Further enriching Jibe’s platform, the new analytics offering was named as one of a select few honored with the “Awesome New Technology for HR” distinction at the 16th Annual HR Technology Conference & Expo. Jibe’s Recruiting Analytics has already been selected by a number of Fortune 500 companies to strategically streamline hiring practices and contribute to ROI.
The Jibe platform provides talent acquisition professionals and teams with a single, flexible, cloud-based solution to maximize efficiencies across the full recruiting spectrum, greatly improving candidate and user experience. Featuring mobile and desktop apply, recruiting analytics, job distribution, employee referral, SEO and recruitment CRM, the Jibe platform ensures enterprise clients get the most out of their technology investment and can engage with today’s candidates in the best and most efficient way possible.
The human capital management (HCM) market is experiencing a wave of innovation with regard to technology. Gartner sizes the HCM technology market at $8.3 billion in 2014, and $8.8 billion in 2015.
“We are excited about what we’ve accomplished, but more so, we are looking forward to what lies ahead,” said Essenfeld. “We will continue on the path we’ve set out on to transform this market in a way that enables its participants to take advantage of the latest and best software available to enable them to hire more strategically, more efficiently and in a more personal way than ever before.”
About Jibe, Inc.
Launched in 2009, Jibe provides cloud-based recruiting technology solutions for talent acquisition teams to help them identify, attract and engage candidates. Adopted by many of the world’s top companies — including Accenture, Macy’s and Walmart — the Jibe Recruiting Platform features an analytics engine at its core that pulls recruiting metrics from disparate back-end systems and turns them into insight to guide hiring decisions. The Jibe Platform simplifies job distribution, enables mobile recruiting and optimizes the referral process, significantly improving the candidate experience. Full integration with applicant tracking systems, combined with a SaaS delivery model, provides a seamless solution without disrupting processes or impacting IT resources. Jibe is headquartered in New York City and is backed by top investors, including Longworth Venture Partners, Polaris Partners, DFJ and Gotham Ventures. For more information, please visit www.jibe.com.