SALT LAKE CITY, Sept. 3, 2019 /PRNewswire/ -- HireVue,
provider of the most comprehensive suite of AI-driven talent
assessment and video interviewing solutions, today announced that
global investment firm The Carlyle Group (NASDAQ: CG) has signed an
agreement to invest in HireVue as its majority investor. Existing
shareholders, including TCV, Granite Ventures and Sequoia, together
with HireVue management, will remain minority investors.
Over its 15-year history, HireVue has transformed the way
companies discover, hire and develop the most diverse set of top
talent. HireVue customers, who include over one-third of the
Fortune 100, generate strong returns on their investment by
reducing the time it takes to hire a candidate by 90 percent on
average, and by regularly achieving world-class candidate net
promoter scores of more than 70, all while increasing the number of
prospective candidates, hiring objectivity and the diversity of
hires. HireVue pioneered the video interviewing industry and
remains the leader today, delivering a million interviews and over
150,000 pre-hire assessments every 90 days.
"We are delighted to partner with Carlyle to accelerate
HireVue's technology innovation and propel our growth globally,"
said Kevin Parker, Chairman and CEO
at HireVue. "Carlyle's culture of 'performance through
collaboration' makes it our ideal partner as we expand to new
markets and enhance our support of enterprise partners around the
world."
"HireVue is the recognized video interviewing and talent
assessments leader," said Patrick
McCarter, Managing Director and Co-Head of TMT at The
Carlyle Group. "Innovative global enterprises are driving more
efficient and effective hiring through HireVue, accessing a
broader, more diverse talent pool and significantly reducing
bias."
"We look forward to partnering with Kevin and the entire HireVue
team to further accelerate the business and create even greater
value for HireVue's global employees, customers and
partners," said Tyler Parker,
Vice President at The Carlyle Group.
"HireVue's market-leading SaaS platform and suite of recruitment
solutions assist global enterprises in finding, engaging and hiring
the best talent," said Nari Ansari,
General Partner at TCV. "We are excited about the new partnership
with Carlyle and HireVue's next phase of growth."
The current executive team at HireVue will continue to lead the
company under the direction of Chairman and Chief Executive Officer
Kevin Parker.
Equity capital for the investment will come from Carlyle
Partners VII, an $18.5 billion fund.
The Carlyle team leading the transaction focuses on investments in
global technology, media and telecommunications (TMT) companies.
TMT is a core area of focus for Carlyle, representing more than
$30 billion of invested equity since
inception. Goldman Sachs acted as exclusive financial advisor to
HireVue.
HireVue's Solutions
The HireVue Assessment and Video Interviewing Platform combine
the power of video, AI, game and technical challenges for
comprehensive hiring intelligence. Validated behavioral science is
the foundation of HireVue's highly effective pre-hire assessments,
which are rigorously bias-tested according to the EEOC's Uniform
Guidelines and used to support greater diversity and efficiency in
hiring. HireVue customers report lower attrition and high return on
investment.
In addition, the HireVue Assessment and Video Interviewing
Platform is the only platform in its industry that can scale to
support the growth of enterprise customers. HireVue has achieved
numerous industry and federal certifications, including:
- ISO/IEC 27001:2013 certification
- SOC 2 Type 2 assurance
- FedRAMP authorization
For more information about HireVue or to schedule a demo,
visit www.hirevue.com.
About HireVue
HireVue is transforming the way companies discover, hire and
develop the best talent by combining the power of video, games and
AI for better hiring decisions. The HireVue Assessments and Video
Interviewing Platform uses a ground-breaking combination of
industrial/organizational science and rigorously tested, predictive
artificial intelligence to help customers find and engage higher
quality talent, faster. HireVue is available worldwide in over 30
languages and has hosted more than ten million on-demand interviews
and one million assessments. Its more than 700 customers worldwide
include over one-third of the Fortune 100 and leading brands such
as Unilever, Hilton, JP Morgan Chase, Delta Air Lines, Vodafone,
Carnival Cruise Line, and Goldman Sachs. For more information,
visit www.hirevue.com.
HireVue Social Networks
Twitter: www.twitter.com/HireVue
LinkedIn: www.linkedin.com/company/hirevue
Facebook: www.facebook.com/HireVue
YouTube: www.YouTube.com/user/HireVue
Instagram: www.instagram.com/hirevue/
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global investment firm with
deep industry expertise that deploys private capital across four
business segments: Corporate Private Equity, Real Assets, Global
Credit and Investment Solutions. With $223
billion of assets under management as of June 30, 2019, Carlyle's purpose is to invest
wisely and create value on behalf of its investors, portfolio
companies and the communities in which we live and invest. The
Carlyle Group employs more than 1,775 people in 33 offices across
six continents.
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SOURCE HireVue