Bullhorn, a staffing and recruiting software company, today announced that it has been acquired by Vista Equity Partners. “Vista’s financial strength and extensive software industry experience make them an ideal partner to help us realize our aggressive plans for product development and global expansion while maintaining high levels of satisfaction and support for our current customers,” said Art Papas, co-founder and CEO of Bullhorn.
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. Bullhorn’s recruiting CRM and social recruiting products serve more than 12,000 clients and 100,000 users in 126 countries. The company is headquartered in Boston, with offices in London and Sydney (www.bullhorn.com).
In 2011, Bullhorn marked significant growth, increasing revenue by 40 percent and adding 400 new clients. “Forty percent 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,” said 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 employees of Bullhorn, we see a tremendous opportunity on the horizon as we work together to fuel the next stage of the company’s growth.”
Vista Equity Partners has more than $6.6 billion in committed capital and makes equity investments in enterprise software businesses and technology-enabled solutions companies. The firm was founded in 2000 and has over 50 investment professionals operating out of Austin TX, Chicago IL and San Francisco CA (www.vistaequitypartners.com).