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Invenias acquisition underscores Bullhorn’s commitment to serving all aspects of recruitment
BOSTON – JULY 24, 2018 – Bullhorn®, the cloud computing company that helps staffing and recruiting organizations transform their businesses, today announced that it has acquired Invenias, a UK-headquartered provider of cloud-based software for executive search firms. The transaction closed on July 24, 2018; terms will not be disclosed. Invenias will continue to deliver high levels of service to their customer base of 1,000 executive search customers who choose the company for its flexible, mobile-optimised SaaS solutions tailored for strategic hiring to drive productivity and build relationships. The company is also excited about the launch of their new platform – Invenias X. Invenias’ founders, CEO David Grundy and CTO and Chief Product Officer Richard Harrison, will remain at the helm of the company, and will also serve as part of Bullhorn’s expanded international leadership team.
This acquisition is testament to Bullhorn’s commitment to serving all segments of the global staffing and recruitment industry, of which executive search is an increasingly visible and unique segment. Bullhorn has offered an open ecosystem approach since its inception in 1999, and with the recent addition of several Salesforce-based applicant tracking solutions, is focused on offering recruitment agencies the greatest choice and flexibility in selecting a software backbone to power their growth and address their specific business challenges.
The nature of executive search firms’ work requires a specific set of capabilities which meet their unique requirements, including diverse needs around divisional and company-based non-compete management, digital engagement with top talent, and data protection. This is compounded in light of the recent General Data Protection Regulation (GDPR) as well as growing skilled talent shortages and competition around acquisition of top talent globally. The Invenias Cloud platform is dedicated to serving these needs, such as enabling customers to develop and leverage deep talent insight, optimise the delivery of complex hiring engagements including digital collaboration and engagement with clients, and manage sensitive issues such as compliance with the GDPR. Bullhorn’s acquisition of Invenias continues its goal of helping to create an incredible customer experience for recruitment agencies around the world.
Invenias will retain its own sales organisation and leadership team, but with access to the resources, guidance, and best practices around customer centricity that have long been core to Bullhorn’s mission. “This acquisition is great news for Invenias customers and prospects,” said Peter Linas, EVP Corporate Development and International at Bullhorn. “It is business as usual for those companies who rely on Invenias, except now they’re part of the Bullhorn family, with easy access to explore our entire ecosystem of solutions if they wish. Customer experience is of tantamount importance to us, which is why we are welcoming Invenias to the Bullhorn family whilst retaining their specialist skill set in executive search. We understand that executive search is a unique and extremely important segment within the recruitment industry, and truly believe that Invenias has the best product available to meet the needs of the executive search market. In acquiring Invenias, we seek to support these executive search companies in their growth journeys.”
Founded in 2005 by David Grundy and Richard Harrison, Invenias is the leading platform trusted by professionals responsible for executive search and strategic hiring globally. Its 1,000 customers around the world include executive search and strategic recruitment firms such as Harvey Nash, Odgers Berndtson USA, Robert Half Executive Search, Sheffield Haworth, and Skillcapital.
Headquartered in the UK and backed by MMC Ventures since 2013, the company employs 65 employees across the U.S., EMEA, and APAC. With backgrounds in technology and executive search, Invenias’ founders recognised the demand for easy-to-use software and the opportunity for technology to drive innovation and create value for customers, a philosophy which is core to Bullhorn’s identity.
“Executive search firms increasingly see technology as central to their operations and ability to innovate,” said David Grundy, CEO at Invenias. “Now that we are part of the Bullhorn family, Invenias can accelerate our ability to execute on the full vision of our product strategy and enable us to reach and support more customers globally. With a shared ambition to lead the market, a shared passion for creating products users love to use, and a shared commitment to excellence in customer service, we are a natural complement to Bullhorn.”
About Invenias
The Invenias® cloud-based platform for executive and strategic hiring enables executive search firms, specialist recruitment companies and in-house executive talent acquisition teams effectively run their business. Easy to use, cloud-based desktop, web and mobile applications enable customers to deliver better assignments, build stronger relationships with clients, hiring executives and candidates and transform the productivity of their operations. Incorporated in 2005, Invenias serves thousands of users in over sixty countries across the globe. Invenias is headquartered in Reading, United Kingdom, with additional offices in Europe, the US, Australia and Malaysia. Invenias has a global strategic partnership with the Association of Executive Search and Leadership Consultants (AESC). For more details on Invenias, please visit www.invenias.com.
About Bullhorn
Bullhorn is the global leader in CRM and operations software for the recruitment industry. More than 8,000 staffing companies worldwide rely on Bullhorn’s cloud-based platform to drive sales, build relationships, and power their recruitment processes from end to end. Headquartered in Boston, with offices around the world, Bullhorn is founder-led and employs more than 800 people globally. To learn more, visit www.bullhorn.com or follow @Bullhorn on Twitter.
Media Contact
Vinda Souza
Vice President, Marketing Communications
Bullhorn
vsouza@bullhorn.com
617-951-4319
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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.
CFO
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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