M&A Deal Summary

Bullhorn Acquires Peoplenet

On November 29, 2017, Bullhorn acquired software company Peoplenet from The Gores Group

Acquisition Highlights
  • This is Bullhorn’s 5th transaction in the Software sector.
  • This is Bullhorn’s 4th transaction in the United States.
  • This is Bullhorn’s 1st transaction in Georgia.

M&A Deal Summary
Date 2017-11-29
Target Peoplenet
Sector Software
Buyer(s) Bullhorn
Sellers(s) The Gores Group
Deal Type Add-on Acquisition
Advisor(s) Piper Sandler & Co. (Financial)
Troutman Pepper Hamilton Sanders (Legal)

Target

Peoplenet

Atlanta, Georgia, United States
Peoplenet is a provider of an automated, fully-hosted time and attendance solutions that are simple and help staffing agencies provide their clients with excellent service. Peoplenet was established in 1989 and is based in Atlanta, Georgia.

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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 6 of 18
Sector (Software) 5 of 10
Type (Add-on Acquisition) 6 of 18
State (Georgia) 1 of 1
Country (United States) 4 of 10
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-11 Connexys BV

Rotterdam, Netherlands

Connexys BV is a SaaS-based Recruitment & Talent management software for the corporate market. Connexys’ solutions make sure that organisations are capable of finding talent faster and easier. Connexys was founded in 1999 and is based in Rotterdam, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-13 Talent Rover

Chicago, Illinois, United States

Talent Rover is a fast-growing, leading provider of global recruitment software powered by the Salesforce platform with a number of marquee enterprise customers. Talent Rover has built deep relationships with a number of global systems integrators, including Accenture and Slalom, and has also built out product integrations with Bullhorn partners such as CareerBuilder, Monster, LinkedIn, and Indeed.

Buy -

Seller(S) 1

SELLER

The Gores Group

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION
The Gores Group's headquarters in Beverly Hills, California.
The Gores Group's headquarters in Beverly Hills, California.

The Gores Group is a private equity firm focused on acquiring controlling interests in mature and growing businesses. Gores considers investments across Europe and North America and typically seeks non-core assets of public corporations. While Gores is a generalist investor, the firm has a particular interest in technology, telecommunications, business services, and industrial companies. The Gores Group was formed in 1987 and has offices in Beverly Hills, California, and Boulder, Colorado.

DEAL STATS #
Overall 56 of 66
Sector (Software) 8 of 8
Type (Add-on Acquisition) 27 of 30
State (Georgia) 4 of 5
Country (United States) 43 of 52
Year (2017) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-29 The Clark Group

Trenton, New Jersey, United States

The Clark Group, Inc. is a third-party logistics provider of distribution,consolidation, transportation management and international freight forwarding services. The Clark Group, Inc. is based in Trenton, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 Astadia

Jacksonville, Florida, United States

Astadia is a technology consulting firm with a focus on mainframe migrations that has benefited hundreds of clients, converted millions of lines of COBOL, and helped maximize the impact and minimize the risks of today’s blended enterprise and cloud IT ecosystem. Astadia was founded in 1996 and is based in Jacksonville, Florida.

Sell -
Mergr

Product

Company

Legal