Bullhorn Inc., a Boston company that develops software for the staffing industry, has acquired a Cleveland software startup.
The Boston company did not disclose the terms of its acquisition of Able but said the software startup's candidate-engagement and onboarding software is expected to help streamline the onboarding process for Bullhorn's clients, the Boston company said in a news release. Able's simple, automated technology can streamline complex hiring workflows and compliance challenges, and reduce candidate drop-out while delivering a positive onboarding experience for job candidates, Bullhorn said.
Able's 40 or so employees — all of whom have been working remotely for more than a year — will be employed by Bullhorn, said Gerald Hetrick, Able's CEO.
"It's a wonderful day for Able," Hetrick said. "We get to continue to follow the mission we set out to build the company around with a lot more scale behind us."
Founded in 1999, Bullhorn was sold to Vista Equity Partners in 2013. Five years later, the software company was sold to Insight Venture Partners, a New York-based venture capital and private equity firm.
Bullhorn had acquired multiple staffing software developers, including 10-year-old Erecuit, until the pandemic, when the company laid off and furloughed employees.
Staffing agencies are being challenged to attract talent during labor shortages made worse by the pandemic. Add to that the changing expectations of workers, and you have what Bullhorn calls "the perfect talent storm."
"We're seeing rapid evolution in the staffing space as it relates to candidate self-service and digital experiences," Hetrick said.
