Recruitment software provider Bullhorn today reveals that the first six months of 2011 saw an increase of over 40% in new bookings and paid user count across all markets, compared to the same period in 2010. The company has expanded its market share in the UK by 213%, passing the 2,000 user mark and increasing its client acquisition rate by 87%, driven primarily by Bullhorn’s clients’ business growth.
Client and revenue growth remained strong across the board, with new UK clients including Venquis, Investigo, ReThink Recruitment, and Recruit 121. 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 AlwaysOn OnDemand 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”, comments EMEA managing director Peter Linas. “It has been great to be able to support the expansion of the sector.”
Bullhorn’s recruitment platform is now used by over 45,000 users across more than 5,000 companies globally, and heavy demand recently pushed usage to over one billion online transactions per month. Bullhorn has extended its technological lead with new solutions for mobile recruitment, social media, email and calendar integration, in the first half of the year, as well as doubling the size of its Bullhorn Marketplace partner ecosystem.
The company also developed a completely new, touch-enabled mobile application to give recruiters instant access to candidates, clients and jobs while on the move. The Bullhorn Marketplace partner ecosystem added new, pre-integrated recruiting applications from First Advantage, InsightSquared, eQuest, Jobaline, Drag&Tag, and dialogue while client adoption of Marketplace solutions doubled.
Bullhorn Reach became the industry’s most popular tool for social recruiting. 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 US MITX innovation award categories.
To support continuing growth, Bullhorn has 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.