DELAFIELD, WI – December 14, 2011 – Today, Montage Talent, the leading provider of video interviewing solutions, announced it has received a $3 million dollar investment to support and expand the rapid growth of the company. The financing round was led by Baird Venture Partners (BVP), the U.S. venture capital fund of Baird Private Equity and an active and experienced investor in the human capital services sector. Montage’s existing investors, GCI and Calumet Venture Fund, also participated in the financing, demonstrating their continued support of Montage’s vision and continued growth. The proceeds from the investment will be used to expand Montage’s client engagement activities, fund continued technology advancements, and support general working capital.
“We are extremely excited to work with the Montage team to help support the company’s next phase of growth. We believe that Montage is well positioned to capitalize on the growing demand for video interviewing solutions and deliver substantial efficiencies and value to its clients’ talent acquisition efforts,” explained Jim Pavlik, a Partner with BVP who will join Montage’s board of directors.
“Montage has been an innovative organization from its start. It’s been exciting to watch its phenomenal progress and expanding track record of client successes with organizations like Johnson Controls, Manpower, Pinstripe, and Rockwell Automation, to name just a few. GCI is happy to be part of this investment because we have great confidence in Montage’s leadership, innovation and value proposition,” added Bill Schleicher, President of GCI.
Montage has quickly ascended to a leadership position in the rapidly emerging market of video interviewing. This is due in large part to its client focus and its innovative, comprehensive and easy-to-use technology platform, which was designed by recruiters to optimize the hiring process. The company’s clients, including many Fortune 500 companies, typically recognize a ten-fold return on investment.
“This investment in Montage is added proof that video interviewing is a game changing technology for talent acquisition practitioners and job seekers alike,” said Kurt Heikkinen, Montage CEO. “With more than half of U.S. employers increasingly challenged to fill mission-critical positions, the time is right for hiring solutions that expand candidate reach, enhance employer branding, and improve quality of hire. Montage does all of this while cutting time and cost from the talent acquisition process.”
Montage’s advanced technology lets candidates showcase their skills and experience, and helps recruiters and hiring managers identify and differentiate the right talent faster. Its unmatched convenience is especially attractive to already employed candidates. “The ability to reach and engage the passive talent pool is invaluable in today’s competitive market for skilled workers,” Heikkinen noted.
Montage’s convenience also benefits recruiters. It enables a globally dispersed hiring team to access candidate profiles, and communicate and interview from anywhere, at any time. This expands the talent pool while virtually eliminating the massive travel costs and scheduling chaos typically experienced in the hiring process.
About Montage Talent
Montage is a pioneer in the development of video technology that optimizes the hiring process. It is the only provider to deliver video solutions supporting the entire staffing ecosystem: corporate employers, staffing providers and universities. Montage’s solution is an enterprise SaaS model, designed by recruiters and built by software experts to provide hiring teams and recruiters an all-inclusive solution. Through a high-touch candidate engagement model, Montage connects the right talent with the right opportunities while driving faster decisions, eliminating travel requirements and improving quality of hire. Its ease of use and seamless integration deliver immediate adoption and industry-best ROI to clients. For more information, please visit www.montagetalent.com.