Bullhorn Raises $26 Million to Extend Its Leadership in On Demand Staffing and Recruiting Software.Highland Capital Partners Highland Capital Partners is a global venture capital firm with offices located in Boston, Silicon Valley, Geneva, and Shanghai. Since its inception in 1988, the firm has invested in more than 180 early and growth stage companies and taken a sector-focused approach to investing in and General Catalyst Partners Co- Lead Financing Round; Funds to Fuel Regional Expansion, Accelerate Product Development and Increase Professional Services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. Capabilities BOSTON -- Bullhorn, the global leader in On Demand staffing and recruiting software, today announced the completion of $26 million in new financing, led by prominent venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] Highland Capital Partners and General Catalyst Partners. The funding will allow Bullhorn, which is profitable, to fuel regional market expansion, accelerate its product development plans and increase professional services and support to meet rapidly growing customer demand. Bob Davis
"Bullhorn achieved rapid and profitable growth, the largest market share in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , and a strong international presence in more than twenty countries, by delivering award-winning and innovative staffing and recruiting software, combined with superior, On Demand service delivery," said Arthur Papas, CEO and co-founder of Bullhorn. "This financing provides Bullhorn with the opportunity to achieve global market leadership based on our mission of powering the desks of staffing and recruiting professionals worldwide, while working with two world-class venture capital firms - Highland Capital Partners and General Catalyst." Bullhorn will significantly increase regional expansion in North America, further develop international markets, accelerate product development of innovative sourcing solutions and foster several global industry alliances. "Staffing and recruiting is a $300 billion plus global industry, ranging from innovative emerging firms to multi-billion dollar multinational enterprises, which require mission-critical enterprise software to achieve competitive advantage," said Bob Davis, General Partner at Highland Capital Partners. "Bullhorn's Software-as-a-Service business model is a disruptive force in this well-established marketplace, and its On Demand, integrated front office solution is already providing customers with a long term strategic advantage to drive growth and profitability." Bullhorn achieved a 400% revenue growth rate during the past three year period, and is ranked as the fastest-growing staffing and recruiting software company by Inc. Magazine. The company is also the 105th fastest growing technology firm in North America, and the 40th fastest growing software company on the Deloitte Technology Fast 500. Bullhorn also ranked tenth on the Deloitte New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. Technology Fast 50. "Bullhorn is the market leader, delivering the staffing and recruiting industry's first On Demand, integrated front office solution to more than 1,000 customers and 13,000 users worldwide. Our investment will fund the ongoing product innovation that gives Bullhorn customers a competitive advantage in the war for talent," said John Simon, Managing Director at General Catalyst Partners. "As a leading Software-as-a-Service provider, with a total focus on innovation, partnership with customers and unparalleled service delivery, Bullhorn is now in a position to extend its leadership globally." Bullhorn is the staffing and recruiting industry's only On Demand, integrated front office solution. Comprising email, calendaring, sourcing, an applicant tracking solution, customer relationship management and job management, Bullhorn enables users to communicate and collaborate with contacts, candidates, colleagues and clients in real-time to generate, source and fill job orders, or make placements, at anytime and from anyplace an·y·place adv. To, in, or at any place; anywhere. See Usage Note at everyplace. Adv. 1. anyplace - at or in or to any place; "you can find this food anywhere"; (`anyplace' is used informally for `anywhere') anywhere . Bullhorn's users include staffing and recruiting firms of all sizes, from a wide range of industries - including information technology, professional services, office/clerical and healthcare. The Bullhorn Blogger is the company's online community where customers, partners, Bullhorn professionals and prospective customers share ideas and best practices to advance the productivity of the staffing and recruiting industry through the innovative use of Bullhorn's On Demand, integrated front office staffing and recruiting software. About Bullhorn, Inc. Bullhorn is the global leader in On Demand, front office staffing and recruiting software, providing the only completely integrated front office solution for staffing and recruiting firms. Bullhorn enables its customers to synchronize See synchronization. sales and recruiting to generate, source and fill job orders in real-time, at anytime and from anyplace, at the highest rates in the industry. Delivered through software as a service, Bullhorn continually meets the evolving business needs of its customers. More than 1,000 firms and 13,000 users worldwide, including some of the largest global staffing firms, partner with Bullhorn to meet the employment demands of the global economy. For more information, visit www.bullhorn.com or call +1(888)GoLive8. About Highland Capital Partners Highland Capital Partners was founded with the mission of helping great people build great companies. For twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. , the firm has taken a sector-focused approach to investing in exceptional communications, consumer, digital media, healthcare and information technology companies. With over $3 billion of committed capital and offices in Boston, Silicon Valley, Shanghai and Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. , Highland has invested in and worked to create such firms as Ask Jeeves Noun 1. Ask Jeeves - a widely used search engine accepting plain English questions or phrases or terms trademark - a formally registered symbol identifying the manufacturer or distributor of a product , Avid Technology "Avid" redirects here. For the "Advancement Via Individual Determination" educational program, see AVID. Avid Technology, Inc NASDAQ: AVID is an American company specializing in video and audio production technology; specifically, digital non-linear media editing (NLE) , CheckFree, Conor Medsystems, Continental Cable, Helicos BioSciences, lululemon athletica lululemon athletica (TSX: LLL, NYSE: LULU) (IPA: [lu lu lɛmɑn], with the last two syllables pronounced like "lemon") — self-described as a yoga-inspired athletic apparel company — produces a , Lycos, MapQuest, Ocular ocular /oc·u·lar/ (ok´u-lar) 1. of, pertaining to, or affecting the eye. 2. eyepiece. oc·u·lar adj. 1. Of or relating to the eye or the sense of sight. Networks, Odyssey Healthcare, Quigo, Starent Networks, Sybase, Telica and VistaPrint. For more information, visit Highland's web site at www.hcp.com. About General Catalyst Partners General Catalyst Partners is a venture capital firm that invests in exceptional entrepreneurs who are building the technology-based companies that will lead innovation and transform industries. Founded in 2000, General Catalyst Partners leverages its principals' extensive operational, business development and technological expertise to provide portfolio companies with a catalyst for success through business-building and partnership development assistance. General Catalyst is headquartered in Cambridge, Mass. For more information, please visit: http://www.generalcatalyst.com. Bullhorn is a registered trademark of Bullhorn, Inc. All other trademarks are the property of their respective owners. Copyright (c) 2008 Bullhorn, Inc. All rights reserved. |
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