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June 14, 2012 04:59 pm GMT
Recruitment software giant Bullhorn is today announcing a new owner: it's been acquired by Vista Equity Partners in what TechCrunch understands is a deal the lower end of hundreds of millions of dollars. It is a fantastic return on investment in the company. Bullhorn, which was founded in 2001 in Boston, had raised $27.5 million to date from investors including Highland Capital, General Catalyst, GE Asset Management, Elmrock, Austin Investment Management and Charter Ventures, and in its last funding round in 2008 was valued at just $40 million.Bullhorn has been profitable for the last year, TechCrunch understands, and with sales of $40 million in 1999, and had been talking to several other parties for a sale. In the last year it grew revenues by 40 percentwhile overseeing a billion transactions each month on its recruitment platform totalling $100 billion in client revenues.Bullhorn, which powers and managesrecruiting and staffing operations for a range of businesses, from start-ups up to the world's largest employment brands like Kelly, offers a range of services including mobile and social recruiting, as well as other SaaS services and consulting. It says it handles 150,000 job orders and placements each month, with more than 100,000 staffing and recruiting professionals across 126 countries using Bullhorn. It will continue to operate as a standalone company and will continue to expand its product offerings and geographic expansion.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/TtsFVWzHcOA/
Software Recruitment Giant Bullhorn Acquired By Vista Equity Partners For A Price In The Lower Nine Figures
Recruitment software giant Bullhorn is today announcing a new owner: it's been acquired by Vista Equity Partners in what TechCrunch understands is a deal the lower end of hundreds of millions of dollars. It is a fantastic return on investment in the company. Bullhorn, which was founded in 2001 in Boston, had raised $27.5 million to date from investors including Highland Capital, General Catalyst, GE Asset Management, Elmrock, Austin Investment Management and Charter Ventures, and in its last funding round in 2008 was valued at just $40 million.Bullhorn has been profitable for the last year, TechCrunch understands, and with sales of $40 million in 1999, and had been talking to several other parties for a sale. In the last year it grew revenues by 40 percentwhile overseeing a billion transactions each month on its recruitment platform totalling $100 billion in client revenues.Bullhorn, which powers and managesrecruiting and staffing operations for a range of businesses, from start-ups up to the world's largest employment brands like Kelly, offers a range of services including mobile and social recruiting, as well as other SaaS services and consulting. It says it handles 150,000 job orders and placements each month, with more than 100,000 staffing and recruiting professionals across 126 countries using Bullhorn. It will continue to operate as a standalone company and will continue to expand its product offerings and geographic expansion.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/TtsFVWzHcOA/
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