In June, recruitment software company Bullhorn got bought by Vista Equity Partners in a deal we heard was in the lower-nine figures. Today, Bullhorn is announcing two acquisitions of its own: it’s picking up Vancouver-based MaxHire Solutions and St. Louis-based Sendouts. The deals beef up Bullhorn’s cloud-based portfolio, with both companies specialists in recruitment software-as-a-service. Financial terms of the two deals were not disclosed.
The acquisitions fit in with the profile of Bullhorn’s new owner, Vista, which is known as a SaaS specialist with other assets covering verticals like banking, real estate and the legal industries. It also helps Bullhorn to build up its own cloud-based services portfolio to compete against the likes of IBM, which in August paid $1.3 billion to buy recruitment software giant Kenexa. TechCrunch understands that Bullhorn (and Vista) will be eyeing up further strategic acquisitions going forward to continue consolidation and scaling up.
Among the services that are getting added to Bullhorn as a result of the deal are the ability to mine prospect data from sites like Data.com and Hoover’s Inc.
And it looks like Bullhorn is looking to the new acquisitions for more tech innovation. As part of the deal, MaxHire’s CEO Peter Blitz will become Bullhorn’s product innovation officer, and Sendouts’ CEO Brian Hopcraft will become general manager. “Sendouts and Bullhorn share a strong, positive culture as well as a passion for making elegantly usable software for recruiters,” said Hopcraft in a statement. “We’ve worked hard building a great team and look forward to applying our joint expertise to help even more recruiters connect job seekers with opportunities.”
It is also about picking up new customers: The company now counts some 5,000 staffing and recruitment agencies.
“This is an incredible moment for Bullhorn customers,” said Art Papas, co-founder and CEO of Bullhorn in a statement. “These acquisitions dramatically increase our ability to execute on our vision of helping recruiters be more successful, develop new products, and serve our exponentially expanding user base.”
The combined companies will operate under the Bullhorn brand.