Bullhorn®, the global leader in cloud-based recruitment agency software, today reported impressive results for the 2010 fiscal year, citing an increase in its year over year revenue run rate by 30% and total users by over 40%. Most notable was the company's development in Europe, with revenues increasing by an enormous 600%, which was mainly attributed to its success in the UK market.
"The addition of over 100 new clients in 2010 clearly demonstrates that Bullhorn's cloud-based recruitment software is a great solution for UK agencies," says Bullhorn's UK Managing Director, Peter Linas. "We look forward to deepening our footprint in the UK and across EMEA - building relationships with forward-thinking recruiters along the way." To support all international business, Bullhorn became the only recruitment software vendor to achieve both EU Safe Harbor and SAS 70 Type II certifications in 2010.
Key new client wins and go lives included Randstad Technologies and Pentasia in the UK, SkillStorm, Matrix Resources, Addison Search, and Medix in the US and Marks Sattin in Australia. Overall growth, including a new office in Sydney, Australia, led to recognition among Inc. Magazine's list of Fastest Growing Companies in America, Software Magazine's Software 500, Lead 411's Technology 500, Deloitte LLP's Technology Fast 500TM, and Always On's OnDemand 100.
"Our continuing growth stems directly from our team's unwavering commitment to fuel our clients' businesses with unmatched product and service innovation," said Art Papas, founder and CEO of Bullhorn. "This past year saw renewed optimism in staffing and recruiting, creating heightened demand for Bullhorn's progressive, scalable solutions."
Throughout 2010, the company announced ground-breaking new product and service offerings. Geoff Greene, Bullhorn's CTO explains, "We invested heavily in R&D, resulting in some truly innovative capabilities."