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Bullhorn Trumpets New Investment

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Posted September 10, 2002 By Staff     Feedback

The Boston maker of CRM software for the staffing industry raises a second round of financing.

Bullhorn, a Boston maker of customer relationship management (CRM) software for the staffing industry, has raised its second round of financing.

The sum of the backing, provided by Austin Investment Management and Elmrock Capital, among others, was not disclosed. In December 2000, Bullhorn raised $4 million in its first round.

"Difficult financing climate notwithstanding, our investors are pleased with our demonstrated ability to meet or exceed expectations and milestones; financially, operationally, and technically," said Greg Hanson, Bullhorn CEO.

Founded in 1999 and privately held, the company does not release detailed financial figures. It said, however, that it has increased sales at an average of 8 percent over the last 12 months.

Its flagship product, BullhornStaffing, is used by a variety of companies ranging from small executive search firms to large temporary staffing agencies to IT-specific recruiters.

A recently released version of the program includes advanced search capabilities, bi-directional e-mails, instant message and mobile capabilities, and customized workflow.

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