Bullhorn Announces New Strategic Investment from Stone Point Capital to Fuel Company’s Continued Growth

▤ Summary

The staffing and recruiting industry has increasingly embraced digital transformation, reexamining how their businesses should operate to drive deeper candidate and client relationships, to improve margins, and to compete effectively as the talent acquisition landscape fundamentally changes. The staffing and recruiting market is currently in the midst of transformational change, driven by several trends: 1) consolidation, necessitating process and system overhauls to facilitate greater responsiveness to customer needs; 2) a rethinking of service models, led by customer demand and exacerbated by the distributed nature of a COVID-impacted workforce, which requires flexible delivery frameworks predicated around candidate communication and engagement; and 3) increasing competition from peer firms and online staffing platforms alike, creating a need for speed and scale. The additional financial flexibility gained by Bullhorn in connection with Stone Point’s investment will enable the company to supercharge its previously announced Unified Workforce Management strategic roadmap to deliver a cohesive candidate experience through the entire recruitment lifecycle -- from getting started to getting paid. We’re also happy that Insight and Genstar will remain investors, as they have been integral to helping us more than double our revenue over the last three years.” Chuck Davis, CEO at Stone Point Capital, added: “We are excited about the long-term opportunity to work with Bullhorn. “While we weren’t actively seeking new investment, Stone Point’s deep experience in the finance and staffing industries and their strong conviction in Bullhorn makes them an incredibly valuable partner for the journey ahead.

▦ Linked Companies

Bullhorn

$100M to $250M