Clovis Point Capital Announces Majority Growth Investment in Talent Acquisition Software RIVS
RIVS.com, a leading provider of cloud-based interview and recruiting software, today announced it received a majority growth equity investment from Houston, Texas-based Clovis Point.
HOUSTON, March 22, 2019 /PRNewswire-PRWeb/ -- RIVS.com, Inc. ("RIVS" or the "Company"), a leading provider of cloud-based interview and recruiting software, today announced it received a majority growth equity investment from Houston, Texas-based Clovis Point Capital, LLC ("Clovis Point"). This investment will be used to accelerate the Company's innovation and growth, while continuing its commitment to delivering the best possible experience for enterprise and higher education customers and job candidates.
"In today's global economy and with a 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 for continued growth in the industry with more than 900 clients and several valuable partnerships."
Founded in 2011, RIVS is an industry-leading video interviewing software platform. RIVS offers a full suite of solutions through its proprietary and internally developed technology, providing its clients with significant customization and flexibility. Corporate clients utilize the RIVS product suite to operate a more time and cost efficient interview process, while higher education clients use the interview prep tool to more effectively prepare students for job interviews. In 2018, RIVS was recognized on the Inc. 5000 list of fastest-growing companies.
"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.
"Clovis Point is incredibly excited to partner with RIVS and its first class management team. We look forward to building upon the Company's past success and to continue creating the leading video interviewing and recruiting software platform," said Robert Shuford, Managing Partner at Clovis Point.
This is Clovis Point's second investment in its second fund, which held its first closing in 2018. Messrs. Joseph and Shuford will join the Company's board to assist the Company in refining its go-to-market strategy and evaluate ways to enhance its product offering to drive future growth.
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 http://www.cpcap.com.
SOURCE Clovis Point Capital
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