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.
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