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Fresh Off Funding, Jibe Reports Strong First Half of 2014

Jibe, Inc., a leading recruitment technology company, today announced strong continued growth through the first half of 2014. Over the past six months, Jibe increased its global client base – which includes 22 percent of the Fortune 50 – by more than a third. Revenues for the period grew by 120 percent, while annual contract bookings more than doubled from the first half of 2013. In May, Jibe secured $20 million in funding through a Series C round led by new investor SAP Ventures, bringing total venture capital raised for the company to $37 million. The company also made two key executive hires in the first half of the year, appointing HR technology veteran Chris Cho as senior vice president of product, and Andreas Turanski as senior vice president of engineering.

“We’re on a mission to transform the hiring market through the development of advanced and intuitive technology and tools designed to improve the hiring experience for both candidates and talent acquisition professionals,” said Joe Essenfeld, Jibe founder and CEO. “During the first half of this year, that mission was further validated by our funding from SAP Ventures and continued revenue and client growth. As we continue to grow, we are putting the proper strategic pieces in place, including the appointments of Chris Cho and Andreas Turanski to our executive team. Jibe, and the recruitment technology industry as a whole, are headed for great things and are certainly worth watching.”

Over the previous six months, Jibe has also grown its global headcount by 60 percent, building out key groups across the organization, including Customer Success, Implementation and Sales.

In February, Jibe welcomed senior vice president of product Chris Cho and his more than 15 years of experience leading product strategy and design within the HR technology industry. Cho was most recently vice president of product strategy at Talemetry, joining the company after its acquisition of HR Integrations, a venture he launched in 2008. At the time of the acquisition, the HR Integrations hub had grown to become the industry’s first and largest network of pre-integrated, third-party HR service providers such as those that provide background checks, drug tests and skills assessments.

In May, Andreas Turanski joined Jibe as senior vice president of engineering, a role to which he brings more than 20 years of experience leading high-performing technology teams with both startups and large enterprise organizations. Turanski was previously chief technology officer at Patch.com, where he was responsible for re-aligning the company’s technology efforts. Prior to that, he led the Technology Strategy Group for AOL Services.

“The level of talent we’ve assembled across the organization is not only impressive but also diverse, increasing our team’s capabilities in a number of different departments and areas,” said Essenfeld. “Not only do we have teams in place to continue pushing the envelope of innovation in product design, we’ve also focused on stacking our customer success and support teams to strengthen and evolve the partnerships we have with our incredible roster of clients. More than anything, it is our clients and their willingness to provide valuable feedback on their ever-evolving technology needs that has propelled Jibe to where it is today. We’re determined to continue investing in our customers to deliver what they need in a timely and strategic fashion.”

In addition to closing its Series C round of funding and adding key personnel across all areas in the first half of 2014, Jibe was also certified as SOC 2 compliant, ensuring its cloud-based recruitment marketing solutions meet commercial security requirements.

Jibe provides talent acquisition professionals with cloud-based solutions designed to maximize efficiencies across the full recruiting spectrum, greatly improving candidate and user experience. Featuring mobile and desktop apply, recruiting analytics, automated job distribution, talent networks and a social employee referral engine, the Jibe platform ensures enterprise clients get the most out of their technology investment and can engage with today’s candidates in the best and most efficient way possible. Since launching its Mobile Apply offering in 2012, Jibe has facilitated more than one million candidate applications.

About Jibe, Inc.

Founded in 2009, Jibe provides corporate talent acquisition teams a cloud-based recruitment marketing platform to improve both the candidate and user experience. Adopted by many of the world's top companies – including Accenture, Macy’s and Walmart – the platform features an analytics engine at its core that pulls recruiting data from disparate back-end systems and turns it into actionable intelligence to guide hiring decisions. The Jibe platform enables optimized mobile and desktop apply, simplifies job distribution, fosters better candidate engagement, and streamlines employee referrals. Full integration with applicant tracking systems, combined with a SaaS delivery model, provides a seamless solution without disrupting processes or impacting IT resources. Jibe is headquartered in New York City and is backed by top investors, including Longworth Venture Partners, Polaris Partners, DFJ, Gotham Ventures and SAP Ventures. For more information, please visit www.jibe.com and follow us @Jibe.

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