Leading provider of video interviewing solutions Montage Talent recently announced that the company has received a $4 million investment to support its vision and continued growth. Montage said monies from the investment will be used to support its dynamic expansion into international markets, assist with continued technology innovation, and fund client success and sales objectives.
Financing was led by Baird Venture Partners (BVP), GCI and Calumet Venture Fund, all existing investors, and The State of Wisconsin Investment Board (SWIB) and Foley Ventures, both new investors.
The Wisconsin-based company said this latest round of funding is the largest Montage has secured to date, following the attraction of significant new clients and contract renewals, including Johnson Controls, Brown-Forman, Carlson Restaurants/T.G.I. Friday’s and Samsung.
“The world of recruiting has changed,” Kurt Heikkinen, Montage president and CEO, said. “As a result of video interviewing, the boundaries of time and distance no longer present the barriers they once did in connecting great talent with the right opportunities. This round of funding will help expand our international reach while ensuring we continue to lead the industry in technological advancements.”
Montage’s video interviewing technology allows:
- Candidates to display their skills and experience within an easy-to-use online platform
- Expansion of the talent pool for hiring managers
- Convenient access to job seekers worldwide
- Enhancement of an employer’s reach and engagement, helping to elevate their brand to win the war for talent
According to the company, Montage’s “advanced technology capabilities and commitment to client partnerships have led to its rapid growth and alignment with leading brands in the recruitment industry.”
“We are eager to continue to support an organization with such strong leadership, innovative product offerings and a compelling value proposition for clients,” James Pavlik, a partner with BVP and member of Montage’s board of directors, said. “Montage experienced tremendous growth in 2012 and we look forward to building upon that success through 2013 and beyond.”