Bullhorn Continues Sizzling Growth, UK Market Share Grows by 213%
Recruitment software provider Bullhorn continued growing rapidly during the first six months of 2011, with new bookings and paid user count across all markets both up over 40% compared to the same period in 2010. Heavy demand pushed global usage to over one billion transactions per month. The company expanded its market share in the UK by 213%, passing the 2,000 user mark and increasing its client acquisition rate by 87%.
Bullhorn also extended its technological lead with new solutions for mobile recruitment, social media, email and calendar integration as well as doubling the size of its Bullhorn Marketplace partner ecosystem.
Client and revenue growth remained strong across the board, with new UK clients including Venquis, Investigo, ReThink, Recruit 121 and others. Bullhorn’s international growth rate led to numerous industry accolades including a fifth consecutive year on the Inc. 5000 list of fastest growing private companies in America, a fourth year on the Software 500 index of fast-growing software companies, and membership in the AlwaysOnOnDemand 100.
“We have witnessed increased confidence and optimism in the UK recruitment sector with a number of our clients reporting rapid growth in the first half of 2011,” commented UK Managing Director Peter Linas. “It has been great to be able to support the growth of the sector.” Bullhorn’s recruitment platform is now used by over 45,000 users across more than 5,000 companies globally.
Product investment further expanded the Bullhorn ATS/CRM platform. The company developed a completely new, touch-enabled Mobile application to give recruiters instant access to candidates, clients and jobs while on the go. The Bullhorn Marketplace partner ecosystem added new, pre-integrated recruitment applications from FirstAdvantage, InsightSquared, eQuest, Jobaline, Drag-n-Tag, and Dialogue while client adoption of Marketplace solutions doubled.
Bullhorn completed development of Bullhorn Reach, the industry’s most popular tool for social recruitment. During its early 2011 beta period Bullhorn Reach attracted over 10,000 users on the way to over 20,000 today. Bullhorn Reach was also recognised as a finalist in two U.S. MITX innovation award categories.
To support continuing growth, Bullhorn doubled the size of its customer support team, leading to a reduction in hold times by 75%, a 60% boost in first call resolution, and a 30% jump in customer satisfaction ratings.
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TopLine Communications
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About Bullhorn
Bullhorn is the global leader in online recruitment agency software, providing the only fully integrated applicant tracking and customer relationship management system paired with social media recruitment and business development tools. Delivered through Software-as-a-Service (SaaS), Bullhorn is backed by the most comprehensive roster of cloud-based partner solutions and continues to meet the evolving business and recruitment needs of thousands of firms worldwide, including some of the largest global recruitment agencies.
