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Bullhorn, a Boston-based firm specialising in recruitment software program, has acquired Amsterdam’s Textkernel, an AI-powered recruitment and expertise administration options supplier.
Textkernel, based in 2001 by Gerard Mulder and Jakub Zavrel, specialises in AI-powered recruitment expertise. Its options automate matching demand and provide within the job marketplace for hundreds of recruitment businesses, employers, and job boards.
Textkernel’s choices embrace CV parsing, matching, labour market analytics, semantic search, sourcing instruments, and a mid-office software for the staffing business, enhancing effectivity in HR and recruitment processes.
The Dutch firm serves over 2,000 prospects globally, together with eight of the highest ten staffing businesses and Fortune 500 corporations. The acquisition goals to advance Bullhorn’s AI technique and help recruiters in digitally reworking their operations.
Accelerating Bullhorn’s AI technique
The present enterprise atmosphere is marked by intense competitors and challenges find and hiring high expertise shortly. At Have interaction Boston 2024, Artwork Papas, CEO & co-founder of Bullhorn, emphasised the need for Particular, Monumental, Actionable (S.E.A.) knowledge to totally harness AI’s potential. The acquisition of Textkernel by Bullhorn is pivotal on this technique.
Textkernel, identified for its superior parsing and matching applied sciences, is now integral to Bullhorn’s technique. Textkernel’s options, together with Labor Market Insights, improve company progress and improvement methods after present job shortages.
This merger goals to help organisations in overcoming their talent-sourcing hurdles and capturing new enterprise alternatives. The acquisition additionally marks a pivotal step in accelerating Bullhorn’s AI technique, opening up new avenues for revolutionary options to profit its prospects.
Sourcing AI, a strategic focus for Bullhorn
With over 20 years of innovation within the recruitment business, Bullhorn provides cloud-based software program that helps your entire recruitment life cycle. From startups to massive enterprises, staffing corporations use Bullhorn for locating expertise, managing payroll, and offering “unbelievable” candidate and shopper experiences.
“The Bullhorn Market is dwelling to over 100 pre-integrated staffing-specific options that may assist recruitment companies sort out any problem of their workflow,” says the agency.
The worldwide staffing business, now exceeding $600B in income, is predicted to speed up progress in 2024. In opposition to this backdrop, the acquisition represents a “vital” leap ahead for Bullhorn in leveraging AI to its fullest extent, benefiting prospects and the business.
Matthew Fischer, President & COO of Bullhorn, says, “As we shared with prospects in Imaginative and prescient for Innovation at Have interaction Boston 2024, Sourcing AI is a big funding space for Bullhorn, and we’re actually excited to embark on this journey with Textkernel.”
“We congratulate CEO Gerard Mulder, COO Guus Meijer, and your entire management staff at Textkernel and welcome the Textkernel staff to the Bullhorn household. This acquisition is a big step ahead for us, and we’re dedicated to maximising its potential to profit our prospects.”
“As we set our sights on the longer term, I’m optimistic concerning the impactful options that may stem from merging our groups and our shared dedication to advancing AI within the talent-sourcing panorama.”
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