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Bullhorn today reported it acquired two rival vendors of software to the staffing industry — MaxHire Solutions and Sendouts. The combined customer base will total more than 5,000 staffing and recruiting agencies, according to Bullhorn. Terms of the transactions were not announced.
“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,” said Bullhorn co-founder and CEO Art Papas.
The MaxHire and Sendouts products will continue to operate and users won’t need to migrate to another platform, said Andrew Hally, vice president of product and marketing at Bullhorn.
However, the company is working on a next-generation system that will incorporate innovations from Bullhorn, MaxHire and Sendouts. The new platform could be out in a year or two and customers will have the choice of moving to it or staying with what they have. Customers also have the option of moving to the Bullhorn platform prior to the next generation.
Plans call for customer support to remain the same. “MaxHire and Sendouts really do an outstanding job at customer support, that’s not going to change either,” Hally said.
The deal will help Bullhorn reach the next generation of staffing software more quickly, Hally said. In addition, the company is getting teams of support people and developers that are already familiar with the staffing industry. The move also adds offices for Boston-based Bullhorn. MaxHire is based in Vancouver, Canada, and Sendouts is based in St. Louis, Mo.
Software provided by Bullhorn, MaxHire and Sendouts includes applicant tracking systems, customer relationship management and other features.
Bullhorn itself was acquired by private equity firm Vista Equity Partners. That deal was announced in June of this year.