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Clovis Point Capital Makes Growth Investment in Talent Acquisition Software RIVS

Clovis Point Capital has made a growth investment in RIVS, a provider of HR technology.


News provided by

RIVS

Mar 22, 2019, 06:00 ET

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CHICAGO, March 22, 2019 /PRNewswire-PRWeb/ -- RIVS.com, Inc. ("RIVS" or the "Company"), the leading provider of interview technology, today announced it received a significant growth equity investment from Houston, Texas-based Clovis Point Capital, LLC ("Clovis Point").

This investment will help RIVS by enabling the Company to accelerate its growth initiatives, while maintaining the same mantra for its customers that RIVS was founded under: Hire faster. Hire better.

The Human Capital Management space continues to see incredible growth as organizations value hiring the right talent and retaining them.

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"In today's global economy and historically low unemployment environment, the Human Capital Management space continues to see incredible growth as organizations value hiring the right talent and retaining them now more than ever," said Chris Joseph, Managing Partner at Clovis Point. "RIVS is well positioned in the market with more than 900 clients and several valuable partnerships."

Founded in 2011, RIVS empowers recruiters and hiring managers to effectively screen and select applicants to advance in their hiring process.

"Providing employers with a better and faster way to hire talent has been our goal from the start. This partnership with Clovis Point enables us to increase investment in our technology and team to tackle new challenges in the industry and provide maximum return on investment for our customers," said Phil Leslie, CEO of RIVS.

Recognized as an Inc 5000 fastest growing company in 2018, RIVS was an early innovator in the video interviewing space. With additional solution offerings and acquisitions of Async Interview, InterviewStream and Hirebar, RIVS partners with over 900 customers globally.

"RIVS saw a real opportunity in the interviewing market long before most and has found a way to bring incredible efficiencies to the hiring process," said Mike Bechtel, Partner with Ringleader Ventures, an early RIVS investor. "We are thrilled to see Clovis Point help take RIVS to the next level."

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About RIVS.com, Inc.
Headquartered in Chicago, IL, RIVS' industry leading interview technologies empower recruiters and hiring managers to most effectively screen and select applicants. The Company's tailored one-way and live two-way video, voice, and written interview service reveals key candidate communication skills and personality traits earlier on in the selection process, while its AutoScheduler tool improves the logistics of arranging interviews and its interview guide builder prepares internal stakeholders for effective and consistent interview sessions. As a result, RIVS enables organizations to quickly identify top talent while reducing time to hire and costs associated with the hiring process. In addition, RIVS offers interview prep services to its higher education clients, providing students custom guidance and practice.

About Clovis Point Capital, LLC
Clovis Point Capital is a Houston, TX-based growth equity firm that focuses on making investments in software and technology-enabled business services companies. The firm's relationship-based approach utilizes its experience and expertise to help companies accelerate growth and realize their full potential. For more information, please visit cpcap.com.

SOURCE RIVS

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