VistaEquity Partners Acquires Bullhorn Inc.
Vista Equity Partners Acquires Bullhorn Inc.
Bullhorn, a market leading recruitment software company, today announces that it has been acquired by Vista Equity Partners.
Vista Equity Partners is a private equity firm with over $6.6 billion in committed capital. Bullhorn will operate as a stand-alone company, with its management team focusing on guiding the company through the next phase of growth which includes increasing the product portfolio and geographic expansion.
“Our customers and employees have afforded Bullhorn rapid growth over the last decade”, comments Art Papas, co-founder and CEO of Bullhorn. “We’re thrilled to deliver such an outstanding return to our shareholders and to continue to build upon our success with the great team at Vista. Vista’s financial strength and extensive software industry experience makes them an ideal partner to help us realise our aggressive plans for product development and global expansion, while maintaining high levels of satisfaction and support for our current customers.”
Founded in 1999, Bullhorn pioneered the software-as-a-service (SaaS) model for staffing and recruiting software as well as innovations in mobile, candidate search, open API access, and social recruiting. In 2011, Bullhorn achieved impressive growth, increasing revenue by 40 percent and adding 400 new clients. Today, more than 100,000 staffing and recruiting professionals across 126 countries use Bullhorn to grow their businesses, from ambitious start-ups to industry leaders such as ReThink Recruitment, Spencer Ogden and Randstad. The Bullhorn platform handles over a billion transactions each month with unrivaled reliability and has supported an estimated $100 billion in client revenue.
“Forty per cent growth year-over-year is impressive at any time, but achieving that level of growth in a challenging economic climate is an even greater testament to the strength of the Bullhorn team. Bullhorn has shown that innovation can drive incredible growth in any economy”, says Alan Cline, principal and co-head of Vista Equity Partners Foundation Fund. “By combining our resources and expertise with this great management team and the talented Bullhorn employees, we see a tremendous opportunity on the horizon as we work together to fuel the next stage of the company’s growth.”