iCIMS, a provider of Web-based Hiring Management Solutions, has been named to Deloitte’s prestigious Technology Fast 50 Program for New Jersey, a ranking of the 50 fastest growing technology companies in the state by Deloitte & Touche LLP, one of the nation’s leading professional services firms. Rankings are based on the percentage revenue growth over five years from 2000-2004.
iCIMS’ President and CEO Colin Day credits the company’s Back to the Basics business model and a consistent customer focus with its 1142% five-year revenue growth. “Although we have grown significantly over the past few years, we have not strayed from our original company philosophy; to provide our customers with the most efficient, cost-effective solution to fulfill all of their Recruitment needs,” says Day. “In addition, we work hard at developing strong relationships with our clients. Although we recognize how important it is to grow our business, we place a high value on the relationships we have already developed with our existing clients, and work hard to nurture these partnerships. Our customer retention rate is truly impressive, which is a testament to our belief in going above and beyond the norm in customer service.” iCIMS currently maintains a 97% customer satisfaction and renewal rating, and was one of the few vendors to receive a perfect 4.0 for customer support in a recent ERExchange survey.
iCIMS’ increase in revenues of 1142% from 2000 to 2004 resulted in a ranking of 13 in the Technology Fast 50 for New Jersey. “Deloitte & Touche LLP’s New Jersey Technology Fast 50 companies have shown the strength, vision and temerity to succeed in today’s very competitive technology environment,” says Paul Mlynarski, chairperson of Deloitte’s New Jersey Technology Fast 50 program. “We applaud the successes of iCIMS and acknowledge their place as one of the very few to accomplish such a fast growth rate over the past five years.”
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2000 and $1,000,000 in 2004, must be public or private companies headquartered in North America, and be a “technology company,” defined as a company that owns proprietary technology that contributes to a significant portion of the company’s operating revenues; or devotes a significant proportion of revenues to the research and development of technology.