Clovis Point Announces Majority Growth Investment in Talent Acquisition Software RIVS

RIVS.com, Inc. (“RIVS” or the “Company”), a leading provider of cloud-based interview and recruiting software, today announced it received a majority growth equity investment from Houston, Texas-based Clovis Point Capital, LLC (“Clovis Point”). This investment will be used to accelerate the Company’s innovation and growth, while continuing its commitment to delivering the best possible experience for enterprise and higher education customers and job candidates.

“In today’s global economy and with a historically low unemployment environment, the Human Capital Management space continues to see incredible growth as organizations value hiring the right talent and retaining them now more than ever,” said Christopher Joseph, Managing Partner at Clovis Point. “We believe RIVS is well-positioned for continued growth in the industry with more than 900 clients and several valuable partnerships.”

Founded in 2011, RIVS is an industry-leading video interviewing software platform. RIVS offers a full suite of solutions through its proprietary and internally developed technology, providing its clients with significant customization and flexibility. Corporate clients utilize the RIVS product suite to operate a more time and cost-efficient interview process, while higher education clients use the interview prep tool to more effectively prepare students for job interviews. In 2018, RIVS was recognized on the Inc. 5000 list of fastest-growing companies.

“Providing employers with a better and faster way to hire talent has been our goal from the start. This partnership with Clovis Point enables us to increase investment in our technology and team to tackle new challenges in the industry and provide maximum return on investment for our customers,” said Phil Leslie, CEO of RIVS.

“Clovis Point is incredibly excited to partner with RIVS and its first-class management team. We look forward to building upon the Company’s past success and to continue creating the leading video interviewing and recruiting software platform,” said Robert Shuford, Managing Partner at Clovis Point.

Messrs. Joseph and Shuford will join the Company’s board to assist the Company in refining its go-to-market strategy and evaluate ways to enhance its product offering to drive future growth.

*Testimonials of portfolio company executives are provided to demonstrate the benefits of working with the Clovis Point team. They are not provided to solicit investors in a Clovis Point fund. The portfolio company executive featured in this testimonial is not an investor in a Clovis Point fund and no compensation was provided for such testimonial.

**The specific investment identified is not representative of all of the investments purchased, sold, or recommended and it should not be assumed that the investment identified was or will be profitable. No guarantee of investment performance is being provided and no inference to the contrary should be made. Past performance is not indicative of future results. Actual holdings will vary for each fund. A list of all Clovis Point investments is available upon request.

About Clovis Point Capital, LLC

Clovis Point Capital is a Houston, TX-based growth equity firm that focuses on making investments in enterprise software and technology-enabled business service companies. The firm’s relationship-based approach utilizes its experience and expertise to help companies accelerate growth and realize their full potential.