Jibe Inc., a major recruitment technology firm, has announced the addition of $20 million in its funding account with the help of its new investor, SAP Ventures. SAP Ventures' head Doug Higgins is ready to become one of the members of the Jibe Board of Directors. The new funds qill be used to boost Jibe's recreuitment processes and the bringing of new talent to the industry, as well as its goal for innovation in the area of business and mobile technologies. Jibe's current investors, Polaris Partners, DFJ, Gotham Ventures, Longworth Venture Partners and Thrive Capital, have also taken part in the project. Jibe currenly has $37 million available in funding capital.
Jibe will implement the investment to reinforce its position in the current job hunt market and grow its customer service, global sales and software engineering departments. Additionally, funds will be implemented to expand into international job markets, and boost Jibe's strategy for participation in major company's kjob recruitment programs. NUmerous companies all over the world have adopted Jibe's effective marketing and job recruitment strategies. In the past years, the company's revenue has grown significantly.
"The HCM software market has exploded in recent years as companies search for new technologies to effectively manage recruiting and talent management needs," has said Doug Higgins, Managing Director at SAP Ventures. "As SAP Ventures has gotten to know Joe and his team, we are impressed not only by Jibe's tremendous growth, but also by its innovative products and blue-chip customer base. Jibe's focus on delighting enterprise customers clearly sets it apart from the competition. SAP Ventures looks forward to lending our unique experience and connections in enterprise IT to help Jibe solidify its position as a recruiting technology leader."
Jibe has introduced the prime mobile applications for job hunters in 2013, thus improving the job search experience of numerous professionals all over the globe. They also feature a competitive recruitment marketing platform and effective ways of employing and identifying the right professionals,
