TalentSoft secures €15 million in growth financing from Highland Capital Partners Europe and the FSN PME, French National Fund for Digital Society
Paris, September 12th, 2013 - TalentSoft, a leading provider in cloud-based Integrated Talent Management, today announced it has secured €15 million in growth financing from Highland Capital Partners Europe and the FSN PME French National Fund for Digital Society, managed by Bpifrance. This capital increase will help TalentSoft solidify its leadership at the European level and accelerate the delivery of visionary new products.
TalentSoft – A strong track record
The Worldwide Talent Management Market in 2012 is estimated around €4Bn*. With 22% CAGR, Talent Management is the fastest growing segment of the massive Human Capital Management (HCM) market.
In this highly competitive market, TalentSoft is one of the clear European leaders, with significant scale and track record. It has achieved impressive growth, with TalentSoft’s solution being used by over 3 000 000 users and revenues having grown seven-fold in the last three years. With offices in Belgium, Sweden, Germany, and the UK, TalentSoft has ramped up its global expansion and already has users in 100+ countries and 14 languages.
With its relentless focus on product innovation (35% of revenues devoted to R&D), TalentSoft has been positioned by Gartner Inc. in the ?Visionaries” quadrant of the 2013 “Magic Quadrant for Talent Management Suites”.
A new round of financing to fuel European ambitions and innovation
“TalentSoft is a high-growth company with a pragmatic yet very innovative view of Talent Management” says Tony Zappalà, Highland Capital Partners Europe fund partner. “TalentSoft starts with the career objectives and the competencies of the workforce and this information feeds all the other areas (recruiting, training), resulting in fluid and effective talent management processes. This talent planning approach, very much focused on growing talent and adapting to change is exactly what forward-thinking European multinational companies want to deploy. The rapid growth, which has been achieved very capital-efficiently, is a strong testament to the product suite and approach“.
With the additional financing, TalentSoft will solidify its presence in Europe by opening more offices and will recruit 60+ professionals in international sales and services functions, greatly enhancing its capacity to service global customers and to help them deploy TalentSoft solution on three continents. In addition, it will accelerate the launch of new solutions leveraging social functionalities within talent management processes. From the screening of candidates by a recruiting community to the rapid onboarding of employees via collaborative processes, TalentSoft will encapsulate social functionality in HR processes, making them fluid, fast, and effective.
“Highland Capital Partners has an amazing track record of taking regional leaders and helping them transform into full-fledged global champions” says Jean-Stéphane Arcis, CEO of TalentSoft, “With a deep experience in the high tech sector and SaaS business models, Highland Capital Partners is the perfect partner for TalentSoft.”
“In addition, we are thrilled that Bpifrance, via its French National Fund for Digital Society, has reinforced its participation in TalentSoft. This fund invests exclusively in high-growth innovative companies, and has been a wonderful partner for TalentSoft since 2012.”
* Bersin by Deloitte The 2013 Talent Management Systems Market: Explosive Growth and Change Report, November 2012