Granite Ventures Leads Investment; Managing Director Chris Hollenbeck Joins Board
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HireVue, Inc. (http://www.hirevue.com) the premier provider of video interviewing and decision management solutions announced today 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% 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. He sponsored Granite’s investments in personalized job search firm Trovix which was acquired by Monster Worldwide in 2008 as well as Digimarc), and Vignette prior to its acquisition by Open Text. Mr. Hollenbeck was a member of the Boards of AvantGo prior to its acquisition by Sybase, Episodic prior to its acquisition by Google, and of Liquent prior to its acquisition by Information Holdings.
For more information on HireVue, please visit www.hirevue.com
Matt Lafata, HRchitect
