Deals

Bullhorn Acquires Peoplenet
Date: 
Wednesday, November 29, 2017
Company: 
Location: 
Boston
Categories: 
B2B
Marketing & Sales Tech
SaaS
Deal Type: 
Acquisition

Bullhorn®, the cloud computing company that helps staffing and recruiting organizations transform their businesses, today announced that it has acquired Peoplenet, a leading provider of cloud-based workforce management solutions. Peoplenet will help Bullhorn accelerate its cloud-based strategy for staffing firms with solutions for time, attendance, and expense management. Peoplenet simplifies and automates time and expense collection, allowing staffing firms and other corporate accounts to increase operating efficiency and improve accuracy for compliance and approvals. Terms of the transaction will not be disclosed.

The growth of contingent labor, the transition from on-premise to software-as-a-service-based solutions, and the heightened awareness for tracking the hourly workforce are creating a $2.8-billion addressable market and driving increasing demand for Peoplenet’s solutions. As many large staffing firms adapt to the changing workforce needs of their clients, these firms need greater flexibility in their time and billing solutions in order to address the increasing complexity in time management. With Peoplenet, Bullhorn will address this challenge by delivering flexible time, attendance, and expense management solutions for staffing firms of all sizes. Bullhorn will also continue to support Peoplenet’s products for the company’s customers in the corporate market... READ MORE

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