Bullhorn Acquires Textkernel

June 20, 2024 – Recruiting software provider Bullhorn has acquired Textkernel, providers of sourcing AI solutions. Financial terms of the deal were not disclosed. “Sourcing AI is a huge investment area for Bullhorn, and we are truly excited to embark on this journey with Textkernel,” said Matt Fischer, president and chief operating officer of Bullhorn. “We congratulate CEO Gerard Mulder, COO Guus Meijer and the entire leadership team at Textkernel and welcome the Textkernel team to the Bullhorn family. This acquisition is a significant step forward for us, and we are committed to maximizing its potential to benefit our customers.”

Headquartered in Amsterdam, Textkernel powers over 2,000 customers globally. “A longtime, trusted partner to the staffing and recruitment industry, Textkernel and Bullhorn share a crucial strategic goal: empowering recruiters to digitally transform their business for the future and maximize the use of AI in the industry,” Bullhorn said. “This acquisition accelerates our AI strategy and furthers our mission of powering organizations to put the world to work.”

Since entering the Salesforce ecosystem in 2017, Bullhorn has invested significantly in building our Salesforce portfolio, including ATS, onboarding, shift scheduling, automation, candidate engagement, and middle office solutions.

“Over the past six years, we’ve grown from having a small group of customers on the Salesforce platform to becoming the #1 Salesforce ISV for recruitment, five times larger than our next nearest competitor on the AppExchange, supporting over 85,000 users globally every day,” said Mr. Mulder. “As a Summit Partner, the highest status available in the AppExchange program, we are fully committed to the Salesforce ecosystem. Textkernel has been mission-critical to our explosive growth on the Salesforce platform, helping our customers parse, source, and match the best candidates for roles they are trying to fill. The acquisition of Textkernel deepens our commitment to the Salesforce platform and accelerates our AI strategy.”

“Textkernel unlocks the next chapter of solutions we can offer Salesforce customers,” Mr. Mulder said. “By aligning our collective roadmaps and working closely with our customers, we are opening a new chapter of possibilities on the Salesforce platform for our customers. We are excited to have Textkernel join us on this journey and to welcome members of the Textkernel team into our Bullhorn family. Congratulations Gerard, Guus, and the Textkernel leadership team.”

The acquisition follow this past January’s acquisition of Mployee, a Netherlands-based provider of Salesforce-based solutions for recruitment agencies. 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.”

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 and Dale M. Zupsansky, Executive Editor  – Hunt Scanlon Media

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