Icarian

About Icarian

Icarian, Inc. operated as a provider of web-enabled Human Capital Management (HCM) solutions, headquartered in Sunnyvale, California. The company specialized in workforce management software, offering a comprehensive, internet-based suite that automated and streamlined the entire employee lifecycle, from planning and talent acquisition to deployment and development.

The core of its offering was the Icarian Recruitment Management Suite, a web-native, application service provider (ASP) based platform designed to manage the hiring process for large enterprises. This system, known today as an applicant tracking system (ATS), provided a rich user interface to help businesses align their workforce strategies with corporate objectives, aiming to significantly lower recruitment costs and boost productivity. The company's client base was primarily focused on the Fortune 2000 market.

The company attracted investment from several prominent venture capital firms, including Kleiner Perkins Caufield & Byers, Apax Partners, and Fidelity Ventures. In a strategic move to broaden its market share and service offerings, Icarian, Inc. was acquired by Workstream Inc. (NASDAQ:WSTM) in an all-stock transaction. The definitive agreement was announced on May 23, 2002, and the acquisition was completed on June 28, 2002, for a reported $9.9 million. At the time of the acquisition, the company was described as having a strong brand and best-of-breed web-hosted applications.