Bullhorn Acquires Mployee
January 9, 2024 – Recruiting software provider Bullhorn has acquired Mployee, a Netherlands-based provider of Salesforce-based solutions for recruitment agencies. Financial terms of the deal were not disclosed. Mployee’s technology will accelerate Bullhorn’s vision to deliver a full, end-to-end, enterprise solution for Bullhorn customers using the Salesforce platform. “We’ve seen tremendous growth in customers using Bullhorn for Salesforce globally in recent years, and this acquisition will help us better support those agencies throughout the world in delivering more efficient middle-office operations,” said Matt Fischer, president and chief operating officer at Bullhorn. “We’re excited at the potential of combining Mployee’s offerings with Bullhorn for Salesforce to deliver a full, end-to-end solution.”
“We’re very excited to join Bullhorn to further our efforts to drive the digital revolution of the staffing industry,” said Karen Weebers, CEO of Mployee. “Bullhorn has the resources to invest in Mployee’s product roadmap and bring our solutions to even more recruitment agencies.”
Bullhorn notes that uncertainty over the economy, pricing pressure, and fewer job orders have all forced the recruitment industry to streamline internal operations as much as possible this year. Centralizing all recruitment activity on a single platform helps agencies gain those efficiencies. As a result, Bullhorn has seen a significant increase in adoption of the Salesforce platform, especially in Europe. Bullhorn revenue on the Salesforce platform has grown at an average annual rate of nearly 30 percent since 2019.
Bullhorn products on the Salesforce platform are currently used across 40 countries. “By combining Mployee’s middle-office capabilities with Bullhorn’s front-office, Bullhorn can offer a true enterprise-grade, end-to-end solution built on the Salesforce platform,” the company said. “This solution will help solve a myriad of front- and middle-office challenges inhibiting agencies’ growth and differentiation.”
Recent Investment
Bullhorn Ventures has made a strategic investment in Boulder, CO-based Staffing Engine. The investment aims to accelerate the adoption of the next generation of conversational and generative AI within Bullhorn’s customer base, transforming the recruiting experience, and heralding a new era of efficiency and innovation. “We are incredibly excited for our customers to have access to Staffing Engine’s suite of AI acceleration tools,” said Jason Heilman, senior vice president, product – automation and AI at Bullhorn. “Their ability to deeply configure tools to meet even the most creative or complex use cases will create real differentiation for our customers.”
Related: Bullhorn Names Senior Leadership Appointments
“What staffing executives need to understand about AI is that, while it will contribute to growth over time, right now it’s about significantly improving your gross margin,” said Ted Guggenheim, co-founder and CEO at Staffing Engine. “That’s a huge deal in this environment.”
Bullhorn Acquires London-Based Search Firm
Bullhorn has acquired SourceBreaker, a London-based Al-driven search-and-match platform. Financial terms of the deal were not disclosed. Bullhorn said that the acquisition will further enhance Bullhorn’s portfolio of solutions for talent engagement across the entire candidate lifecycle, from sourcing to engagement, onboarding, and redeployment. “We believe the addition of SourceBreaker’s solutions to our portfolio will help staffing firms meet this challenge head-on by increasing recruiters’ productivity and ultimately boosting their fill rates,” said Matt Fischer, president and COO of Bullhorn. “As a successful Marketplace partner, SourceBreaker already serves hundreds of Bullhorn customers, and we look forward to bringing their solutions to even more of our customers.”
“We created SourceBreaker to change the way recruiters search,” said Steve Beckitt, founder and CEO of SourceBreaker. “Now more than ever, our products can help expand the pool of talent and identify better matches between candidates and jobs. We’re incredibly excited to expand our reach by joining forces with Bullhorn, and we’re all looking forward to joining the team.”
Staffing Engine, a provider of AI-powered recruiting solutions, has fully integrated its Recruiting Acceleration AI with Bullhorn, and its partner ecosystem. Staffing Engine’s platforms allows recruiting firms to increase productivity, operate 24/7, and accelerate growth, the company said. The Engine AI suite of products allows staffing firms to leverage the next generation of AI to make their recruiters and sales reps more productive, increase lead conversion, and create an on-demand experience for their candidates and clients.
Bullhorn Ventures invests in early stage software companies with the potential to deliver unique value to third party staffing and recruiting firms. The firm backs teams who are building differentiated products in our market, and who share in the mission to help staffing firms digitize, automate, and empower. Over the past few years, Bullhorn has acquired over a dozen software companies that provide solutions to the staffing and recruitment industry.
Related: Bullhorn Launches New Service to Support Recruiting Firms
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Executive Editor; Lily Fauver, Senior Editor – Hunt Scanlon Media
