Bullhorn\u00ae, the global leader in customer relationship management (CRM) software for the staffing and recruiting industries, today announced that it has acquired The Code Works Inc. \u2013 the makers of VMS Access, a cloud-based software product that integrates corporate procurement and vendor management systems (VMS) like SAP\u2019s Fieldglass with CRM systems.\u00a0 VMS Access currently automates the data integration and workflow for filling job openings at over 350 of the world\u2019s largest companies and enables staffing firms to increase service levels, win more business, and improve productivity by reducing time-to-fill and data entry time.\u00a0 As companies of all sizes migrate to SaaS-based services, Bullhorn will leverage The Code Works Inc.\u2019s multi-national R&D team to develop integration solutions that will power new services enabling front office productivity improvements through the Bullhorn platform.<\/p>\n
Key services offerings to be developed on the platform will include those for managed service providers (MSPs).\u00a0 Bullhorn currently provides client portals, candidate portals, and vendor portals to enable staffing agencies to act as MSPs or sub-vendors and operate different lines of business within Bullhorn, and the company will use The Code Works Inc.\u2019s technology as a platform upon which to further develop technologies that enable staffing firms to operate and compete effectively in a world in which VMS usage is proliferating. The Code Works Inc. team\u2019s much-valued industry knowledge in combination with considerable R&D resources from Bullhorn will help take Bullhorn\u2019s existing MSP offering and accelerate it into an industry-leading suite of solutions to benefit staffing agencies of all sizes looking to capitalize on this rapidly-growing market.<\/p>\n
Bullhorn acquires The Code Works Inc. as contingent labor demand is soaring thanks to increased globalization, outsourcing, and the growing costs of hiring and retaining permanent employees.\u00a0 Addressing this trend, 70% of large buyers of temporary labor (including Fortune 500 companies) are now leveraging VMS solutions to streamline contingent workforce management. Spend flowing through VMS systems is growing at a rate of more than 20% per year \u2013 considerably faster than growth in overall staffing spend. The acquisition of The Code Works Inc. adds a proven, seamless integration between core recruitment system providers to enable staffing agencies to take advantage of a $90 billion market.<\/p>\n
\u201cWith this acquisition, we\u2019re enabling companies to move their front office solutions to the cloud and to take advantage of Web-enabled services that power better decision-making and additional revenue opportunities,\u201d said Art Papas, Founder and CEO of Bullhorn. \u201cBullhorn VMS Access will help drive Bullhorn\u2019s growth in the VMS industry and beyond. This vendor neutral solution extends Bullhorn\u2019s product portfolio and will allow us to develop new offerings to help improve customer productivity. Long-term, the Bullhorn VMS Access development team will help drive the development of Bullhorn\u2019s data integration offerings, fundamental to our cloud-based Big Data offerings.\u00a0 To drive better decision-making, companies are looking to integrate data from a variety of sources online; Bullhorn VMS Access will provide that engine for our customers.\u201d<\/p>\n
Jonathan Novich, Co-Founder and President of The Code Works Inc., will become Bullhorn\u2019s new General Manager of Cloud-Based Integration Technologies. \u201cI\u2019m thrilled to be joining Bullhorn for several reasons,\u201d said Novich. \u201cFirst, they\u2019re the clear market leader, so it makes good business sense to be aligned with them and to leverage their expansive resources to grow our offerings and provide better service to customers. Being a part of the Bullhorn family will enable rapid product expansion and accelerated platform development for customers of Bullhorn and The Code Works Inc. Beyond that, they have a strong vision for the future with Bullhorn providing a comprehensive set of cloud-based, front office services to help companies manage their customer relationships better. We\u2019re excited to be part of that vision.\u201d<\/p>\n
About the Product<\/strong><\/p>\n Bullhorn VMS Access is a cloud-based subscription service for staffing firms of all sizes working on any volume of VMS job orders. Bullhorn VMS Access provides numerous benefits to staffing agencies, including:<\/p>\n To learn more about Bullhorn VMS Access, please visit: http:\/\/pages.bullhorn.com\/WC14-07VMSAccess_ContactSales.html?LS=Public_Relations&LSD=EB_14-08-06_BullhornVMS<\/a><\/p>\n About Bullhorn<\/strong><\/p>\n Bullhorn creates cloud-based software solutions that help recruiters put the world to work. As the global market leader in staffing and recruiting software, our innovations power the operations of fast-growing start-ups up through the world\u2019s largest staffing brands. Headquartered in Boston, with offices in St. Louis, Richmond, Vancouver, London, and Sydney, Bullhorn\u2019s applicant tracking system, recruitment customer relationship management (CRM) system, back office, and social recruiting products serve more than 10,000 clients representing nearly 350,000 users across 150 countries.<\/p>\n <\/p>\n Contact:<\/strong><\/p>\n Vinda Souza<\/p>\n Senior Marketing Manager, Bullhorn<\/p>\n\n