M&A Deal Summary

Bullhorn Acquires Erecruit Holdings

On October 1, 2019, Bullhorn acquired software company Erecruit Holdings from STG

Acquisition Highlights
  • This is Bullhorn’s 6th transaction in the Software sector.
  • This is Bullhorn’s 7th transaction in the United States.
  • This is Bullhorn’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2019-10-01
Target Erecruit Holdings
Sector Software
Buyer(s) Bullhorn
Sellers(s) STG
Deal Type Add-on Acquisition
Advisor(s) Paul Hastings (Legal)

Target

Erecruit Holdings

Boston, Massachusetts, United States
Erecruit Holdings LLC is a provider of enterprise software and VMS designed for staffing firms. Erecruit uses technologies to provide solution that allows firms to put their clients, candidates and vendors into the businesses. Established in 1973 it has consistently maximised investment in the development of its technology to stay at the forefront of the staffing industry. Erecruit Holdings LLC was founded in 1973 and is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

Bullhorn

Boston, Massachusetts, United States
Category Company
Founded 1999
Sector Internet Software and Services
DESCRIPTION

Bullhorn is a provider of SaaS-based front office software for staffing and recruiting firms. Bullhorn’s offerings combine applicant tracking, customer relationship management, social media recruiting, online job posting, candidate sourcing, email and calendar integration, and business development tools. Bullhorn was founded in 1999 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 10 of 18
Sector (Software) 6 of 10
Type (Add-on Acquisition) 10 of 18
State (Massachusetts) 1 of 2
Country (United States) 7 of 10
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-24 Invenias

Kuala Lumpur, Malaysia

Invenias Ltd. is a provider of cloud-based software for executive search firms. Easy to use, cloud-based desktop, web and mobile applications enable customers to deliver better assignments, build stronger relationships with clients, hiring executives and candidates and transform the productivity of their operations. Invenias Ltd. was founded in 2005 and is based in Kuala Lumpur, Malaysia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 Herefish

St. Louis, Missouri, United States

Herefish is a provider of automation solutions for staffing firms. Herefish is based in St. Louis, Missouri.

Buy -

Seller(S) 1

SELLER

STG

Menlo Park, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

STG is a private equity firm focused on making investments in software and services companies. STG looks to leverage operational expertise in helping its portfolio companies 'increase customer value' and grow. In addition to its focus within the software/services sectors, STG also has interest in healthcare, pharmaceuticals manufacturing, consumer packaged goods, retail, financial services, and communications. STG was formed in 2002 and is based in Menlo Park, California.

DEAL STATS #
Overall 22 of 30
Sector (Software) 7 of 11
Type (Add-on Acquisition) 11 of 14
State (Massachusetts) 1 of 1
Country (United States) 14 of 20
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-09 Ventiv Technology

Atlanta, Georgia, United States

Ventiv Technology is a software provider of Integrated Risk Management (“IRM”) solutions for enterprises and government entities. Its software platform enables enterprises to manage incidents and claims and evaluate, mitigate, and monitor risks with analytics, data-discovery, and reporting capabilities. Ventiv Technology. was founded in 1994 and is based in Atlanta, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-25 First Advantage

Atlanta, Georgia, United States

First Advantage is a provider of a comprehensive background screening, identity and information solutions that give employers and housing providers access to actionable information that results in faster, more accurate people decisions. First Advantage was founded in 2003 and is based in Atlanta, Georgia.

Sell -
Mergr

Product

Company

Legal