- HireVue announced that investment firm The Carlyle Group has signed an agreement to fund the company as a majority investor
HireVue — a provider of the most comprehensive suite of AI-driven talent assessment and video interviewing solutions — announced that investment firm The Carlyle Group has signed an agreement to invest in the company as a majority investor. And existing shareholders including TCV, Granite Ventures, and Sequoia, together with HireVue management, will remain minority investors.
“We are delighted to partner with Carlyle to accelerate HireVue’s technology innovation and propel our growth globally,” said HireVue chairman and CEO Kevin Parker. “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.”
In its 15-year history, HireVue transformed the way companies discover, hire, and develop the most diverse set of top talent. And 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% on average and by regularly achieving world-class candidate net promoter scores of more than 70 all while increasing the number of prospective candidates.
“HireVue is the recognized video interviewing and talent assessments leader,” added The Carlyle Group Managing Director and Co-Head of TMT Patrick McCarter. “Innovative global enterprises are driving more efficient and effective hiring through HireVue, accessing a broader, more diverse talent pool and significantly reducing bias.”
HireVue is known for pioneering the video interviewing industry and remains the leader today by delivering a million interviews and over 150,000 pre-hire assessments every 90 days.
“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,” explained The Carlyle Group Vice President Tyler Parker.
Going forward, the current executive team at HireVue will continue to lead the company under the direction of Chairman and Chief Executive Officer Kevin Parker.
“HireVue’s market-leading SaaS platform and suite of recruitment solutions assist global enterprises in finding, engaging and hiring the best talent,” commented TCV general partner Nari Ansari. “We are excited about the new partnership with Carlyle and HireVue’s next phase of growth.”
The HireVue Assessments and Video Interviewing Platform utilizes a ground-breaking combination of industrial/organizational science and rigorously tested and predictive artificial intelligence to help customers find and engage higher quality talent faster.
Currently, HireVue is available worldwide in over 30 languages and has hosted more than ten million on-demand interviews and one million assessments. And it has more than 700 customers worldwide including Unilever, Hilton, JP Morgan Chase, Delta Air Lines, Vodafone, Carnival Cruise Line, and Goldman Sachs.
