HireVue, a Salt Lake City, UT-based provider of a suite of AI-driven talent assessment and video interviewing solutions, received a majority investment from The Carlyle Group (NASDAQ: CG).
Equity capital for the investment came from Carlyle Partners VII, an $18.5 billion fund that makes majority and strategic minority investments primarily in the U.S. in targeted industries, including in 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.
The amount of the deal was not disclosed. Following the close of the transaction, existing shareholders, including Granite Ventures, Sequoia and TCV, together with HireVue management, remain minority investors.
The current executive team at HireVue continues to lead the company under the direction of Kevin Parker, Chairman and CEO.
HireVue provides an assessments and video interviewing platform that uses a combination of industrial/organizational science and tested, predictive artificial intelligence to allow companies to discover, hire and develop talent by combining the power of video, games and AI for better hiring decisions. The solution is available worldwide in over 30 languages and has hosted more than 11 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.
FinSMEs
15/10/2019