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THURSDAY, 9 SEPTEMBER, 2010

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HireVue Secures $5 Million in Series B Funding

By PR and Business Wire News, 7/27/2010 05:52:52 PM MT
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HireVue, Inc. (www.hirevue.com) a premier provider of video interviewing and decision management solutions announced the closing of its Series B financing totaling $5 million. The round was led by new investor, Granite Ventures, with participation from previous investors, including JCP Capital.

“The perfect hiring process should be empowering to a company and its candidates rather than feeling like a necessary burden,” says Mark Newman, CEO and co-founder of HireVue. “HireVue makes this possible and we are excited to partner with a firm of Granite’s caliber to help us build on that vision.”

HireVue pioneered the concept of web based, video-driven interview and decision management solutions to hire top talent. Over the past 12 months HireVue has increased sales over 1200 percent and more than doubled its client base with companies such as PNC Bank, Dow Jones, CDW, Petco, and others.

HireVue’s solutions include both one-way virtual and four-way live video interviews that are recorded to the HireVue system and used to screen candidates in the hiring process. HireVue’s proprietary candidate evaluation tools are used to easily compare, contrast, and assess candidates in a way unlike anything available in the HR technology space today.

“We invested in HireVue because they not only have a proven business model, but some of the most passionate customers I’ve ever come across,” said Chris Hollenbeck, Managing Director of Granite Ventures. “HireVue has the power to revolutionize hiring as we know it. We fully expect to see HireVue become a standard work application in the coming years.”

HireVue also announced that Chris Hollenbeck will join its Board of Directors. Mr. Hollenbeck is currently a Director of companies such as Convio and Decision View among others.



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