The two companies have been collaborating intensively for some time. However, Bullhorn’s complete takeover comes as a surprise. Recently, Textkernel acquired several companies, including Sovren, Akyla, Wiseguys, and Joboti. Now, the original Dutch company has found itself in the opposite role as an acquisition target. The exact amount of money involved in the deal has not been disclosed, but it is expected to be several million euros.
The exact amount of money involved in the deal has not been disclosed, but it is expected to be several million euros.
“In 2019, Textkernel’s shares were transferred to CareerBuilder, only to be transferred again to the Dutch investor Main Capital Partners less than two years later. For example, former Connexys founder Jan van Goch resumed his role as advisor to Textkernel, leveraging the matching technology he had previously collaborated with until Bullhorn acquired Connexys.”
More than 1 billion job vacancies
Textkernel currently analyzes more than 1.3 billion job vacancies annually worldwide. These data provide customers with a comprehensive view of the global labour market for strategic insights or business development leads. Textkernel’s technology was previously integrated into the Bullhorn Marketplace, allowing recruiters to conduct international candidate searches in multiple languages and automatically process incoming applications in 15 languages, speeding up the process by 90% compared to manual entry of CV data.
Earlier this year, Bullhorn also announced the acquisition of Mployee, a provider of Salesforce-based solutions for the staffing industry in the Netherlands. Mployee’s technology will accelerate Bullhorn’s vision to deliver a complete end-to-end enterprise solution to Bullhorn customers using the Salesforce platform.
‘Major step forward’
“This is a ‘major step forward’ for Textkernel and Bullhorn,” responds Textkernel CEO Gerard Mulder. “Together, we will add tremendous value to the staffing and recruitment industry through our leading platforms, rich data, AI capabilities, and search & match technology. I can’t wait to get started! What’s even better is that we will continue to offer all that technology and expertise to the Recruitment and HRTech community, as Textkernel has done for 23 years. This time, with even greater strength behind us. Thanks to all the amazing people at Bullhorn, Textkernel, Main Capital Partners, and District Capital Partners for making this possible.”
“I can’t wait to get started!”
Matthew Fischer, president and COO of Bullhorn, also envisions a promising future following the complete acquisition of Textkernel. “Headquartered in Amsterdam, the company serves over 2,000 customers globally, including 8 of the top 10 largest staffing firms worldwide and Fortune 500 companies. Textkernel and Bullhorn have been long-standing trusted partners in the staffing and recruitment industry, sharing a crucial strategic goal: empowering recruiters to digitally transform their businesses for the future and maximize the use of AI in the industry.”
‘The next chapter’
Fischer particularly praises Textkernel’s parsing technology, which processes information from job vacancies and CVs. “This technology is unmatched and will be crucial to our AI strategy. The combination of Textkernel and Bullhorn will significantly assist organizations in addressing their talent-sourcing challenges and winning new business. The acquisition of Textkernel accelerates our AI strategy significantly and unlocks the next chapter of solutions we can offer customers.”
“The acquisition of Textkernel unlocks the next chapter of solutions we can offer to customers.”
Fischer congratulates CEO Gerard Mulder, COO Guus Meijer, and the entire leadership team of Textkernel, welcoming them into the Bullhorn family. “This acquisition is a significant step forward for us, and we are committed to maximizing its potential for the benefit of our customers. I am optimistic about the impactful solutions emerging from merging our teams and our shared dedication to advancing AI in the talent sourcing landscape.” Mulder and Fischer will soon provide more insights into the collaboration through a joint webinar.
