iCIMS Nets Investment From Vista Equity Partners

New York – August 24, 2018 – Cooley is advising iCIMS on its investment from Vista Equity Partners, a market-leading private equity firm that invests in software, data and technology-enabled businesses. Partners Yvan-Claude Pierre and Garth Osterman are leading the Cooley team advising iCIMS on the transaction.

“We’re very proud to partner with Vista, who has a phenomenal reputation and strong technology expertise, to accelerate our growth,” said Colin Day, iCIMS chairman and CEO, in a news release. “Given the size of the industry, iCIMS’ track record and our team of dedicated, talent employees, we continue to see an incredible opportunity for iCIMS to win this market. Vista’s support gives us additional confidence in making that a reality.”

The transaction is slated to close as soon as customary approvals are completed. Susquehanna Growth Equity, which invested in iCIMS in 2012 and again in 2015, will continue to be a shareholder and serve on the board of directors. Day will continue to serve as CEO and on the board.

Vista’s investment comes during a significant year for iCIMS, which has included its Cooley-led acquisition of mobile recruiting technology provider TextRecruit and its new strategic partnerships with ADP and Ultimate Software.

iCIMS is a leading provider of cloud-based talent acquisition solutions and supports the hiring initiatives of more than 3,500 customers worldwide, including 7-Eleven, Southwest Airlines and Rite Aid, on its talent acquisition platform.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law. 

Cooley has 900+ lawyers across 13 offices in the United States, China and Europe.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.