iCIMS Named One of New Jersey's Fastest Growing Technology Companies in Deloitte & Touche LLP's Technology Fast 50 Program

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iCIMS announced today that it was recognized as one of the 50 fastest growing technology companies in NJ by Deloitte & Touche. This recognition comes on the heels of iCIMS' recent announcement that the company had surpassed 250 customers on its suite of iRecruiter Hiring Management Solutions.

iCIMS, a leading provider of web-based Hiring Management Solutions, announced today that it 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,” Day said. “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,” said Paul Mlynarski, a partner at Deloitte Tax LLP and 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. Using other companies' technology in a unique way does not qualify.

iCIMS is also qualified for consideration in Deloitte's Fast 500, recognition of the fastest growing technology companies in the United States.

About iCIMS:

iCIMS, Inc. is a provider of web-based recruitment management solutions for HR and recruiting professionals. iCIMS iRecruiter® is a state-of-the-art Hiring Management Solution that creates a one-stop recruiting resource to streamline internal recruiting operations, saving corporations time and money through integration, automation and collaboration. iRecruiter was ranked as the #1 ATS for 2003 & 2004 for mid-to-large sized corporations by the ERExchange and is consistently recognized by industry analysts as one of the most intuitive and easy-to-use solutions available today. Learn more about how iRecruiter will help your organization by visiting: http://www.icims.com.

About Deloitte:

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte”, “Deloitet & Touche”, “Deloitte Touche Tohmatsu” or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.

Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.

This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.

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Adam Feigenbaum
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