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