|[January 30, 2013]
Bullhorn Announces Record-Breaking Growth in 2012
BOSTON --(Business Wire)--
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
Bullhorn delivered more enhancements to its flagship ATS/CRM platform in
2012 than ever before. Customers received free updates to critical
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
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
Reach, the company's groundbreaking social recruiting product, grew
300% to close the year with 140,000 users. Bullhorn launched Bullhorn
Reach Team, which allows firms to manage and align the social media
recruiting activities of entire teams of recruiters. Between Bullhorn
Reach and the company's flagship ATS/CRM
platform, more than 10,000 clients and nearly 200,000 users across
150 countries rely on Bullhorn software.
"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.
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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