At CareerArc, we are celebrating a truly remarkable 2019—for our company, our partners, and our valued clients.
We started 2019 by raising $30 million in a growth equity round led by PeakEquity Partners—and since then, have been rapidly growing and expanding in size and market share. Our employee headcount went up by 40% in 2019. To accommodate the expansion, we relocated both our Marlborough, Mass., and Burbank, Calif., offices to spaces that are 100% and 50% larger, respectively.
Key new members of the leadership team include outplacement veteran Kim Johnson who joined as senior vice president of sales, Jason Blais as executive vice president of sales, and tech startup veteran Linda Souza as senior vice president of marketing. In addition, Yair Riemer, CareerArc’s chief marketing officer, was promoted to president of the career transition services business.
CareerArc also made a major expansion through a partnership with Career Star Group, which enables 50,000 individual career transitions in 5,000 companies every year through its 1,000 in-person service locations across 79 countries. CareerArc is Career Star Group’s global online technology platform of choice, providing virtual career transition services to laid-off employees globally.
On the social recruiting side of CareerArc’s business, our clients launched more than 13 million employer brand posts last year through our state-of-the-art software, strengthening brand reputations and speeding talent acquisition efforts. Our clients—and other HR thought leaders and practitioners—also participated in CareerArc’s inaugural EMBARC HR Innovators Summit, which provided a forum for HR professionals to share and discuss trends, best practices, and disruption in employer branding, talent acquisition, and career transition.
“Our momentum in 2019 reflects the increasing need for better solutions in the multibillion-dollar HR software market.”Robin D. Richards, chairman and CEO of CareerArc
“2019 was a banner year for CareerArc, allowing us to further expand the outplacement and social recruiting software and services that CareerArc is known for to a global market,” said Robin D. Richards, chairman and CEO of CareerArc. “Our momentum in 2019 reflects the increasing need for better solutions in the multibillion-dollar HR software market. With such a strong year under our belts, we are poised to hit even more aggressive goals with several big announcements coming in 2020.”
CareerArc’s efforts this year were recognized by two Golden Bridge Awards, a Stevies Award for Great Employers and two Stevies Awards for customer service, effectively elevating us as a leader in HR technology, outplacement and social recruiting.
Read the full press release for more details.