[January 30, 2013]

Bullhorn Announces Record-Breaking Growth in 2012

Bullhorn, the global leader in recruiting software, today announced its milestone achievements for 2012, including two acquisitions, record bookings growth, product improvements, and numerous customer wins. 2012 was the most successful year in Bullhorn's 13-year history.

Bullhorn closed 2012 with nearly 50% more in bookings than 2011, which had also been a record year, and revenues of more than $40 million. The company increased its user count by 99% in 2012, and its client count by 135%. Bullhorn added almost 5600 new ATS/CRM seats from more than 660 new customers in 2012, with recent wins in North America including Alliance Solutions Group, Axiom Global, Clark Davis, and SLONE Partners. Internationally, new customer wins such as Handle Recruitment, Gemini Search (a division of Hamilton Bradshaw), Leathwaite and Dutch company IT-Staffing helped Bullhorn's European business double in size.

In addition to organic growth, Bullhorn grew through acquisitions during 2012 as well, fueled by financial and operational resources from new owner Vista Equity Partners. In November, Bullhorn acquired recruiting software-as-a-service providers MaxHire Solutions and Sendouts to create the world's largest and most experienced recruiting software team. Bullhorn now employs 300 people across five global locations to accelerate recruiting software innovation and help customers achieve outstanding results.

Bullhorn delivered more enhancements to its flagship ATS/CRM platform in 2012 than ever before. Customers received free updates to critical capabilities including:

• Search: New Candidate Search saves time on the hundreds of searches recruiters perform by suggesting the best search terms from a Learning Library based on keyword relatinships from more than 5 million resumes.
• Reporting: A new set of graphical reports and dashboards provide actionable, efficient access to key business metrics, tailored to the different needs of recruiters, salespeople, managers and executives.
• Mobile: The fourth generation of Bullhorn Mobile arms recruiters, account managers, and executives on the go with up-to-the-second information to better prepare them for meetings with clients, prospects, and candidates.
• Integration: Improved integration between Bullhorn Reach and the Bullhorn ATS/CRM streamlines sharing of jobs across social networks, automates applicant parsing from social media, and tracks ROI of social recruiting.

"Every company strives to have the type of year we just had," said Art Papas, founder and CEO of Bullhorn, "and it's all thanks to our customers and employees. 2013 promises to be just as great for our customers as we invest more than $10 million into R&D and infrastructure to ensure they will always have the very best and most reliable tools with which to grow their businesses."

In addition to the company's $10 million planned investment in product infrastructure, Bullhorn will invest $9 million into the customer experience, led by Diane Gordon, Chief Customer Officer. Gordon was previously Vice President of Services and Support.

Bullhorn was recognized with several awards in 2012, including making Deloitte's (News - Alert) North America Technology Fast 500™ list for the fourth time. Additionally, Bullhorn was named to the Inc. 5000 list of America's fastest-growing private companies for the sixth consecutive year, the Boston Business Journal's Pacesetters for the seventh consecutive year, HR Companies to Watch, and was a finalist at the MITX Innovation Awards.

About Bullhorn

Bullhorn creates software and services that help recruiters put the world to work. For over ten years our innovations have powered the recruiting and staffing operations of fast-growing start-ups up through the world's largest employment brands. Headquartered in Boston, with offices in St. Louis, Vancouver, London and Sydney, Bullhorn's recruiting CRM and social recruiting products serve more than 10,000 clients representing nearly 200,000 users across 150 countries.

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