Bullhorn, Inc.

Last updated
Bullhorn, Inc.
Company typePrivate Company
Industry Customer relationship management Recruitment
Founded1999
Founder
  • Roger Colvin
  • Barry Hinckley
  • Art Papas
Headquarters Boston, Massachusetts, United States
Key people
Revenue$219.9M (2020)
Website www.bullhorn.com

Bullhorn, Inc. is an American cloud computing company headquartered in Boston. The company provides customer relationship management (CRM), applicant tracking system (ATS) and operations software for the staffing industry. As of 2019, the company reported more than 11,000 customers in more than 150 countries. Besides its Boston headquarters, the company has operations in St. Louis, [1] London, Brighton, Sydney, and Rotterdam.

History

Bullhorn was founded in 1999 by Roger Colvin, [2] Barry Hinckley, [3] and Art Papas. Papas continues to serve as CEO. The company originally launched as a platform for freelancers to find and collaborate on work, but in 2001 changed its focus to build CRM software for vertical markets. [4]

The company has historically focused on providing software-as-a-service to third-party staffing and recruiting firms, [5] allowing them to manage business operations on a single web-based platform. [6] It became one of the largest providers of technology to the staffing and recruiting market, [7] reportedly growing revenue from $2 million in 2004, to $20 million in 2009, [8] $33.6 million in 2011, [9] $40 million in 2012, [10] and $67 million in 2013. [11]

Bullhorn raised its first round of venture capital funding in 1999 with a $4 million investment from GE Asset Management and Internet.com. [12] It then raised $26 million from General Catalyst Partners and Highland Capital Partners in 2008. [13] In June 2012, Vista Equity Partners acquired Bullhorn for a reported price of several hundred million dollars. [14]

By 2013, Bullhorn had 6,000 customers in 34 countries. [10]

In July 2015, the industry research firm Gartner included Bullhorn for the first time in its Magic Quadrant report on salesforce automation alongside other companies that it deems to be leaders in providing tools to support the automation of sales and account management activities and processes. [15]

In January, 2016, the company reported in a momentum press release that it would exceed nine figures in annual revenue for the first time in its history. [16]

During Vista's ownership, the company quadrupled in revenue by focusing on serving the staffing and recruiting industry and acquiring several companies, including MaxHire Solutions, [17] Sendouts, [18] The Code Works, [19] and EASY Software Solutions, makers of timeshEASY. [20]

In April 2016, Bullhorn moved its Boston headquarters from the Ft. Point district to Downtown Crossing. [21]

In June 2017 at its Engage conference, Bullhorn announced its new suite of software for healthcare staffing firms. [22]

In September 2017, Bullhorn International acquired Connexys, a leading provider of recruitment solutions[ buzzword ] for mainland Europe, to supercharge its expansion into mainland Europe. [23]

In October 2017, Insight Venture Partners acquired Bullhorn from Vista. [24] The company also announced its cloud-based middle office strategy to provide enterprise recruiting companies with a front-to-back solution. [25]

In November 2017, Bullhorn acquired Peoplenet, a leading provider of cloud-based workforce management solutions.[ buzzword ] [26] The company also announced the official closing of Insight Venture Partners’ acquisition of Bullhorn, which included an investment from Genstar Capital. [27]

In March 2018, Bullhorn acquired Talent Rover and Jobscience, two of the leading providers of recruitment software built on the Salesforce platform. [28]

In November 2021, Bullhorn acquired Cube19.

In November 2024, Bullhorn launches Bullhorn Recruitment Cloud and its Marketplace. [29]

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References

  1. ↑ Feldt, Brian (January 16, 2015). "Software firm to add 50 employees". St. Louis Business Journal.
  2. ↑ "Roger Colvin: Executive Profile & Biography". Bloomberg.com. Retrieved 15 November 2015.
  3. ↑ Kooker, Naomi (December 6, 2004). "Recruiting software firm founders create product, make their own way". Boston Business Journal.
  4. ↑ Mitra, Sramana (June 11, 2015). "How to Manage A Successful Pivot: Bullhorn CEO Art Papas (Part 2)". SramanaMitra.com.
  5. ↑ Madigan, Kathleen (11 February 2015). "In the Trenches, Recruiters See the Skills Gap Up Close". The Wall Street Journal.
  6. ↑ Bednarz, Ann (May 19, 2006). "Betting on software-as-a-service". NetworkWorld.com.
  7. ↑ "Bullhorn Staffing and Recruiting Software". Software Advice. Retrieved 6 November 2015.
  8. ↑ McFadden, Sean (May 17, 2010). "Bullish Outlook: When it comes to growth, Bullhorn Inc. eyes the cloud". Boston Business Journal.
  9. ↑ Alspach, Kyle (June 14, 2012). "Bullhorn acquired by private equity firm for 9 figures; IPO still a goal". Boston Business Journal.
  10. 1 2 Cohan, Peter. "Private Equity-Owned Recruiting Software Start-up, Bullhorn, Targets $150 Million In 2017 Sales". Forbes. Retrieved 2021-03-19.
  11. ↑ Alspach, Kyle (August 7, 2014). "On path to IPO, Bullhorn acquires San Francisco company". BetaBoston.com.
  12. ↑ Mitra, Sramana (June 11, 2015). "How to Manage A Successful Pivot: Bullhorn CEO Art Papas (Part 2)". SramanaMitra.com.
  13. ↑ Kirsner, Scott (May 29, 2015). "Partial buyouts give founders room to take the long view". The Boston Globe.
  14. ↑ Lunden, Ingrid (June 14, 2012). "Software Recruitment Giant Bullhorn Acquired By Vista Equity Partners For A Price In The Lower Nine Figures". TechCrunch.com.
  15. ↑ LeClaire, Jennifer. "Sales Force Automation Tools Ranked in Gartner Magic Quadrants". No. July 23, 2015. CIO-Today.com.
  16. ↑ "Bullhorn Leads the Next Wave of CRM with Rapidly-Growing Market Share and Industry Validation". Bullhorn.com. Retrieved 2 March 2016.
  17. ↑ "Bullhorn Acquires MaxHire Solutions and Sendouts". October 28, 2012.
  18. ↑ "Bullhorn Acquires MaxHire Solutions and Sendouts". Bullhorn.com. October 28, 2012.
  19. ↑ "Bullhorn Acquires The Code Works". VentureFizz. August 7, 2014.
  20. ↑ "Bullhorn adds a back end with timeshEASY acquisition". Boston Business Journal. July 24, 2013.
  21. ↑ "Office Envy: Inside Bullhorn's Flashy New Office at 'Innovation Crossing' [Slideshow]". BostInno. April 12, 2016.
  22. ↑ "Bullhorn Healthcare Edition Empowers Healthcare Staffing Agencies to Maximize Operational Efficiencies". Bullhorn.com. June 8, 2017.
  23. ↑ "Bullhorn International Acquires Connexys to Supercharge Its Expansion into Mainland Europe". Bullhorn.com. September 11, 2017.
  24. ↑ "Staffing-tech firm Bullhorn sold for second time in five years". Boston Business Journal. October 23, 2017.
  25. ↑ "Bullhorn Announces Cloud-Based Middle Office Strategy to Provide Enterprise Recruiting Companies with Front-to-Back Solution". ASA Marketplace. October 24, 2017.
  26. ↑ "Bullhorn Acquires Peoplenet, Announces Closing of Its Own Sales to Private Equity Firm". Staffing Industry Analysts. November 29, 2017.
  27. ↑ "Bullhorn Acquires Peoplenet to Accelerate Delivery of Workforce & Revenue Cloud Solutions". Bullhorn.com. November 29, 2017.
  28. ↑ "Bullhorn Acquires Talent Rover and Jobscience to Accelerate the Delivery of Its Global Salesforce Offering". March 13, 2018.
  29. ↑ "Bullhorn Recruitment Cloud combines the power of the Salesforce platform with new AI Agents".
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