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Bullhorn Inc., a provider of staffing industry software, was acquired by private equity firm Vista Equity Partners. Boston-based Bullhorn has 12,000 clients, and reported revenue rose by 40 percent in 2011 while adding 400 new clients.
Bullhorn was founded in 1999. Last year, it ranked on the Inc. 5000 with $23.9 million in 2010 revenue, according to the Inc. website.
“Our great customers and employees have afforded Bullhorn exponential growth over the last decade,” said Art Papas, co-founder and CEO of Bullhorn. “We’re thrilled to deliver such an outstanding return to our stockholders and to continue to build upon our success with the great team at Vista. Vista’s financial strength and extensive software industry experience make them an ideal partner to help us realize our aggressive plans for product development and global expansion while maintaining high levels of satisfaction and support for our current customers.”
Vista Equity Partners’ offices are in San Francisco, Chicago and Austin, Texas. The firm has $6.6 billion in capital. Its other portfolio companies include software providers such as Accruent Inc., a real estate performance management solution.