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BOSTON – OCTOBER 1, 2019 – Bullhorn®, the cloud computing company that helps staffing and recruiting organizations transform their businesses, today announced that it has acquired Erecruit, a provider of applicant tracking and pay and bill solutions and a leader in candidate experience for the staffing and recruitment industry. Terms of the transaction will not be disclosed. Following the extremely successful June release of Bullhorn One – the first start-to-finish staffing solution – the acquisition of Erecruit is designed to help Bullhorn further enhance its vision of delivering a unified solution to firms looking to leverage the power of automation to streamline operations and drive business growth.
The acquisition of Erecruit is a strategic investment in Bullhorn’s vision to help staffing companies realize the promise of digital transformation in their businesses. Specifically, Bullhorn is excited about three strengths that the Erecruit team will provide. The first is intellectual property, which includes deep pay and bill, onboarding, and mobile candidate experience capabilities. The second is strong internal talent, comprising employees who have in-depth knowledge of the staffing industry, pay and bill processes, and large-scale pay and bill deployments. And the third is the Erecruit team’s long-standing relationships with some of the leading staffing firms in the industry and experience in addressing their diverse needs.
In the quest to integrate sales, recruiting, and finance operations, staffing companies of all sizes face numerous challenges, the primary of which centers on leveraging technology to eliminate the inefficiencies of manual data management at various stages of the recruitment lifecycle. Bullhorn has long been known for providing a single system in which recruiters and salespeople can “live,” harnessing the power of the Bullhorn partner ecosystem, and managing recruiting delivery, sales, onboarding, VMS integration, and most recently, pay and bill processes in a unified platform. With the continued proliferation of temporary labor models as an attractive solution for the global talent shortage, the time has never been better for Bullhorn to further invest in its pay and bill solutions that underlie Bullhorn One.
The acquisition of Erecruit will assist in furthering the already-significant market momentum of Bullhorn One and help the company drive greater productivity and results for customers of Bullhorn and Erecruit. Additionally, for Erecruit’s customers, becoming part of the Bullhorn family means access to $40 million in annual R&D and technical operations expenditure, a strong delivery engine and experience delivering enterprise projects at scale, continued innovation (including investments in cutting-edge artificial intelligence research and technology), and unparalleled staffing expertise developed over twenty years.
“We’re excited to welcome Erecruit’s diverse portfolio of customers into the Bullhorn family,” said Art Papas, founder and CEO of Bullhorn. “Both companies have always shared a desire to serve the staffing and recruitment industry and help its constituents grow and achieve their business goals, and being able to do this as a collective unit is a privilege and affords a huge opportunity to advance the industry. Staffing firms face enormous pressures from investors, clients, candidates, and employees to digitize their businesses while simultaneously facing historically low unemployment. The timing has never been better for a unified team to address these challenges head-on for our customers.”
“Bullhorn’s commitment to delivering an incredible customer experience has long been an inspiration to its partners and peer technology providers to the staffing industry,” said Dominic Gallello, CEO of Erecruit, “and we’re looking forward to joining their team. We’ve always had ambitious goals that we’re eager to bring to fruition, and with Bullhorn’s resources and best practices powering us, we can deliver amazing ROI to our customers.”
Erecruit has been delivering innovative software that serves the entire recruitment lifecycle, with the goal of helping organizations of all sizes and scale grow and succeed. Erecruit’s management team, including founders Judd Hoffman and Danko Fatovic, will join Bullhorn as crucial members of the extended leadership team to support and drive success for Erecruit customers.
Bullhorn was advised by District Capital Partners and Willkie Farr & Gallagher LLP on the transaction. Erecruit was advised by Paul Hastings on the transaction.
Erecruit offers a comprehensive and innovative end-to-end staffing software platform designed to empower users to achieve exceptional results. The company serves the entire recruitment lifecycle with Erecruit Front Office, Middle Office, Credentialing, and VMS solutions for enterprise staffing firms; Adapt Front and Back Office software for newly formed to mid-sized firms; and eStaff365 Onboarding, TempBuddy temporary workforce management platform, and Innovantage for recruitment analytics and insights.
Bullhorn is the global leader in software for the staffing industry. More than 10,000 companies rely on Bullhorn’s cloud-based platform to power their staffing processes from start to finish. Headquartered in Boston, with offices around the world, Bullhorn is founder-led and employs more than 950 people globally. To learn more, visit www.bullhorn.com or follow @Bullhorn on Twitter.
Vice President, Global Communications
Vice President of Marketing
As the Vice President of Marketing at Bullhorn, Catherine is responsible for all marketing efforts across the organization. Catherine has been with Bullhorn based in the Boston office since 2010 and has recently relocated to London. Over her tenure, she’s overseen several marketing functions including demand generation, marketing operations, and events. She is passionate about marketing technology, building high-performing teams, and leveraging both to drive for results. Catherine has a Bachelor of Arts in Global Studies from Providence College.
SVP of Alliances and Business Development
Nina Eigerman is Bullhorn’s SVP of Alliances and Business Development, responsible for the company’s technology and services partnerships. Prior to joining Bullhorn, Nina ran the Business Services practice at G2 Capital Advisors, helping agencies and their providers with capital market transactions. Earlier in her career, she was the President of Aquent Solutions and a consultant with McKinsey & Company. She also ran a full desk at a-connect, a global strategic staffing firm. Nina has a Bachelor of Arts from Harvard College and graduated from the MIT Sloan School of Management.
SVP of Product and Salesforce
Jonathan Novich is SVP of Product and Salesforce for Bullhorn, the global leader in CRM and operations software for the recruitment industry. A staffing technology innovator, he has developed broad and deep product and technical experience consulting to staffing firms over the past 15 years. Jonathan has acted as an independent consultant for some of the largest staffing companies in the world and advised companies on acquisition targets.
At Bullhorn, he oversees product initiatives as more than 10,000 staffing companies rely on Bullhorn’s cloud-based platform to drive sales, build relationships, and power their recruitment processes from end to end. He graduated with honors from Princeton University, earning a Bachelor of Science in Engineering in Computer Science and a certificate in Operations Research.
SVP, Global Support & Training
As Senior Vice President, Global Support and Training, J.R. leads our global Support and Training for all Bullhorn product lines. J.R. directs both the company’s customer service and training efforts around the world engaging customers throughout all points in the customer journey, both proactively and reactively, delivering incredible customer experiences via transactional interactions and client engagements. He brings a broad range of customer service leadership skills and experience to the company spanning performance management, project management, employee and leadership development, organizational design, and strategy which all align to focus on driving an incredible customer experience. Prior to joining Bullhorn, J.R. led call center optimization efforts for AT&T Mobility, directing the call center strategy for more than 100 contact centers. J.R. has spent 20 years working in the contact center space and has held a number of key leadership roles prior to joining Bullhorn.
Executive Vice President of Enterprise and Salesforce
Ryan Murphy is the Executive Vice President of Enterprise and Salesforce. He began his 10-year career at Bullhorn as a finance and sales intern, affording him a 360-degree view of the software-as-a-service industry and Bullhorn’s business model. Prior to his current role, Ryan served as an Enterprise Account Executive where he honed his customer-first leadership style and championed Bullhorn’s offerings to its most strategic clients. Today, Murphy is charged with leading the enterprise strategy and go to market for both Bullhorn and Bullhorn for Salesforce, enabling customers to maximize their investments on both platforms and deliver an incredible experience to their customers and candidates. Ryan has a Bachelor of Arts in Business Administration from Boston University.
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Team Lead – Enterprise Solution Consultant, APAC
As GM for Bullhorn’s APAC business, Aaron McIntosh oversees all business functions in the region. He also leads the solutions consulting team locally, ensuring our customers have an incredible experience when transitioning to Bullhorn. He has over 20 years working various roles within the technology industry and joined Bullhorn in 2013 in the London office before relocating back to Australia in 2015. During his tenure, he has helped numerous customers make the move to Bullhorn including Kelly Persol, Ambition, Hudson, and many others. He is passionate about technology and in particular how technology can be used to solve business issues and problems that are inhibiting growth within recruitment businesses.
He has a Bachelor of Engineering (Electrical and Computing) with Honours from Monash University in Melbourne.
Senior Vice President, Customer Success
As the Senior Vice President of Customer Success, Tamsyn leads Bullhorn’s Services and Customer Success teams. She is responsible for successful delivery of all products and services globally and is committed to creating and maintaining incredible long term customer experiences in the candidate to cash process. Tamsyn has been delivering implementations for over 25 years with companies such as SAP, Ariba, Zuora: specialising in HR, Payroll, Procurement and Quote To Cash capability. She trained as a software engineer after studying Maths, Statistics, and Computing in England.
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