Bullhorn Accelerates Stellar Growth in the Staffing and Recruiting Software Market During Q1 2006
Bullhorn added more than 400 new users from 64 new customers, representing a 60% increase in customers versus the same period in 2005. To support the company’s growth, Bullhorn increased its staff by 48% during the quarter by adding professional staff in customer support, professional services, development and sales.
“Bullhorn’s strong new customer sales growth is directly attributed to the competitive advantage we provide to firms of all sizes and lines of business by enabling them to achieve high placement rates of superior candidates,” said Arthur Papas, CEO and co-founder of Bullhorn. “Our high client retention rates, strong organic growth from existing customers and the tremendous momentum we are achieving from new business demonstrate the powerful combination of our solution, services and On Demand business model.”
Additional highlights for the first quarter include:
Revenues and user seats from enterprise customers increased by more than 130% during Q1 2006 versus the same period last year. Bullhorn also increased its enterprise customer base by 70% this quarter in comparison to Q1 2005.
Revenue and user seats from mid-sized customers increased by 78% during Q1 2006 versus the same period last year. Bullhorn also increased its mid-sized customer base by 33% this quarter in comparison to Q1 2005.
Bullhorn expanded its service delivery through enhancements to its infrastructure and operational processes including strengthened backup and recovery, redundancy, security and system management and application monitoring.
“A rapidly growing worldwide economy is creating pressure on staffing and recruiting firms to meet client demands for fast, high quality and cost effective placement of candidates,” said Barry Hinckley, president and co-founder of Bullhorn. “Bullhorn connects and synchronizes sales and recruiting teams in real-time to drive client satisfaction, leading to increased sales and profit margins for the firm.”
About Bullhorn Inc.
Bullhorn is the global leader in On Demand, front office staffing and recruiting software, providing the only completely integrated front office solution for staffing and recruiting firms. Bullhorn enables its customers to synchronize sales and recruiting to generate, source and fill job orders in real-time, at anytime and from anyplace, at the highest rates in the industry. Delivered through software as a service, Bullhorn continually meets the evolving business needs of its customers. More than 400 firms and 5,000 users worldwide, including two of the top 10 U.S. staffing firms, partner with Bullhorn to meet the employment demands of the global economy. Privately owned, Bullhorn is backed by GE Asset Management and others. For more information, visit www.bullhorn.com or call +1(866)538-7795.
Media inquiries please contact:
Alison Kenney
(781) 842-0801
Author Information
Alison Kenney
BULLHORN, INC.
