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HireVue Reports Strong First Quarter With Triple Digit Sales Growth and 25 New Enterprise CustomersRapid Adoption of HireVue's Trailblazing Digital Interviewing Solutions Continue as Company Celebrates Most New Client Relationships in a Single Quarter (May 10, 2012)
SALT LAKE CITY, UT -- (Marketwire) -- 05/10/12 -- HireVue, providers of an amazing new way to interview -- on demand -- today announced results for its first quarter, ending April 30, 2012. During the quarter, the company reported year over year sales growth in excess of 300 percent, 25 new enterprise customers, 20 renewals, new strategic alliances, and introduced the world's first mobile interviewing app.
Building upon the substantial growth experienced throughout the previous fiscal year, HireVue began the first quarter of 2012 with exceptional results. Breaking several company records for individual quarter performance, during Q1, the company signed its highest number of multi-year contracts, had the most net new clients join HireVue's roster of valued customers, and experienced the greatest number of expansions and renewals in a single quarter. The company also added world-class talent to its engineering, support, professional services, sales and marketing teams.
Companies often become overwhelmed by applicant volume in today's hyper social recruiting environment, creating a critical screening and selection bottleneck in the recruiting process. HireVue's industry leading solutions -- Digital Interview Platform, On Demand Interviews and the recently released HireVue App -- help organizations replace inefficient phone screens and bad interviews with consistent, high-quality digital interviews. With HireVue, employers are able to screen and interview up to ten times faster, nine times cheaper and 100 percent better than outdated interviewing methods.
"Digital interviewing promises to forever change the business landscape for the better, and we are proud to be at the forefront of this growing market," said David Bradford, CEO of HireVue. "In this first quarter, some of the world's most powerful brands have recognized the value of our groundbreaking platform, resulting in record-setting performance. We look forward to maintaining this remarkable momentum and to working with employers who wish to modernize how they select and manage talent."
HireVue is an amazing new way to interview -- on demand! Users simply browse, watch, rate and share the interviews they want, on their own time -- just like streaming their favorite movies -- even from a smart phone. Recognized by HR Executive Magazine as a Top HR Product of 2011, HireVue's Digital Interview Platform also helps improve interviews of all types, including in person, phone and video interviews. Digital question, feedback and collaboration tools remove hassle and make interviewing up to ten times faster and nine times cheaper. Join HireVue customers like Starbucks, Nike and Walmart who are making interviewing awesome! www.hirevue.com
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