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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
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, Workforce & Revenue Cloud
As Bullhorn’s SVP of Workforce & Revenue Cloud, Ed drives the company’s middle office strategy and overall product offering. Ed joined Bullhorn as part of the Peoplenet acquisition where he spent 7 years as the President/CEO leading up to the acquisition in late 2017. Prior to joining the Bullhorn family, Ed has spent his career designing, building and managing technology solutions for numerous Fortune 500 companies. He has been a Partner in an ERP-focused consulting firm, a CIO for a global pharmaceutical company, a supply-chain leader for a retail company and the leader of a services company from its inception to $50MM in revenue. Ed was born in Florida but has spent the last 20+ years in Atlanta, GA. Ed loves to play golf, tennis and basketball and occasionally gets out kite boarding when the wind is just right.
Ed holds a Bachelor of Science in Industrial and Systems Engineering from the Georgia Institute of Technology and an MBA from Goizueta Business School at Emory University.
Brian Sylvester is Bullhorn’s Chief Financial Officer (CFO) with more than 15 years of financial leadership experience. Brian leads Bullhorn’s financial, accounting, and legal functions. Prior to becoming CFO, Brian spent three years at Bullhorn in various finance & accounting roles. Prior to Bullhorn, Brian was Corporate Controller at Pegasystems, a global provider of business process management software where he scaled the finance organization during a period of 2.5x revenue growth. Brian began his career at PricewaterhouseCoopers in their technology audit practice.
Brian is a CPA in Massachusetts, has a Master’s of Science in Accounting from Boston College and a Bachelor’s of Science in Accounting from Bryant University.
SVP, Customer Success
As the Senior Vice President of Customer Success, Tamsyn leads Bullhorn’s Services and Customer Success teams. She is responsible for the 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 and Apttus: specializing in HR, Payroll, Procurement and Quote To Cash capability. She trained as a software engineer after studying Maths, Statistics, and Computing in England.
Founder & CEO
Art Papas is the Founder and CEO of Bullhorn, Inc, the global leader in software for the staffing & recruitment industry. Art was the original architect of Bullhorn’s flagship Customer Relationship Management (CRM) system, which now helps more than 8,000 companies around the world run their businesses. Art is the Chairman of the Board at Career Collaborative, an organization that teaches unemployed and underemployed adults how to build careers that change lives and strengthen families. In 2014, Ernst & Young named Art an EY Entrepreneur of the Year Award Winner in New England. Prior to starting Bullhorn, Art started his career as a software engineer at Thomson Reuters. Art is a graduate of Tufts University, holding a Bachelor of Science degree in Mathematics.
President and Chief Technology Officer
As President and CTO, Matt leads Bullhorn’s architectural, technical, and software design and development efforts. He also directs the product management team’s work defining product strategy, and global customer support and success. Since joining Bullhorn in 2004, Matt has held a variety of leadership positions managing the growth of various technical and services teams, including Vice President of Professional Services. Prior to Bullhorn, Matt worked at PricewaterhouseCoopers, specializing in systems process assurance for such companies as Fidelity and State Street Global Advisors. Matt holds a Bachelor of Science in Business Administration with a concentration in Finance from Boston University’s School of Management.
Chief Revenue Officer
As Bullhorn’s Chief Revenue Officer, Mike drives the company’s global revenue growth. Mike was one of the first 15 team members of Bullhorn Inc. in Boston and relocated to London in 2010 to start up the International team. In his 6 years in London, Mike drove regional expansion into the Netherlands, Germany, Singapore, and Australia. He has supplied cloud-based solutions to recruitment consultancies in over 50 different countries worldwide for the past 10 years. Mike was born and raised in the Boston-area where he grew up an avid sport fan. He earned his Bachelor of Science in Business Management from Babson College.
Chief People Officer
Kristin oversees Bullhorn’s human resources function in her role as Chief People Officer. Kristin joined Bullhorn in 2020 and is responsible for helping Bullhorn scale to the next level, build leadership capacity, and accelerate growth in global markets. Kristin brings to the role over 20 years of experience leading high-potential companies through breakthrough growth and brings a depth of knowledge in organizational design, scalable processes, and flexible systems culled from some of the most successful global companies in the world. Leary joins Bullhorn from Hitachi Vantara, where she served as Chief Human Resources Officer, and before that she worked as Chief Human Resources Officer at Forcepoint, a private equity-backed company with 3,000 employees operating in more than 45 countries. She has also worked at high-growth enterprise technology companies like Alphatec Spine, Boston Scientific, and Hewlett-Packard.
Executive Vice President of Corporate Development and International
Peter oversees Bullhorn’s international operations across EMEA and APAC in his role as Executive Vice President of Corporate Development and International. Peter joined Bullhorn in 2009 and was responsible for its highly successful UK launch. In addition to growing the international team to over 50 staff and establishing Bullhorn as the UK’s market leading recruitment software in fewer than three years, Peter has expanded Bullhorn’s reach into EMEA and APAC and achieved a user base of more than 10,000 international users. Prior to taking on the launch of Bullhorn in the UK, Peter spent 20 years working in the recruitment industry and held a number of senior director roles before moving into the technology space.
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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