Cloud computing company, Bullhorn has acquired Peoplenet, a provider of cloud-based workforce management solutions. Peoplenet will help Bullhorn accelerate its cloud-based strategy for staffing firms with solutions for time, attendance, and expense management.
The growth of contingent labor, the transition from on-premise to software-as-a-service-based solutions, and the heightened awareness for tracking the hourly workforce are creating a $2.8-billion addressable market and driving increasing demand for Peoplenet’s solutions. As many large staffing firms adapt to the changing workforce needs of their clients, these firms need greater flexibility in their time and billing solutions in order to address the increasing complexity in time management. With Peoplenet, Bullhorn will address this challenge by delivering flexible time, attendance, and expense management solutions for staffing firms of all sizes. Bullhorn will also continue to support Peoplenet’s products for the company’s customers in the corporate market.
Used by seven of the top 10 staffing firms in North America, as well as by large healthcare and hospitality companies, Peoplenet provides innovative time capture technology, a unique workflow rules engine, and tight integration with vendor management systems (VMS). Peoplenet tracks more than 575,000 workers per month and logs more than 75 million hours per year, and its products integrate with more than 60 applicant tracking systems and more than 60 VMS and third-party systems, making it the ideal solution for virtually any staffing company.
Peoplenet CEO Ed Holmes will become a senior vice president at Bullhorn, leading the company’s Workforce and Revenue Cloud solutions, which will include offerings for time and expense management, attendance, contract management, and invoicing. Holmes will direct the overall strategy and delivery for Workforce and Revenue Cloud and support Bullhorn and Peoplenet customers across all industries.
Bullhorn is the global leader in CRM and operations software for the recruitment industry. More than 7,000 staffing companies rely on Bullhorn’s cloud-based platform to drive sales, build relationships, and power their recruitment processes from end to end. Headquartered in Boston, with offices around the world, Bullhorn is founder-led and employs more than 650 people globally.
Headquartered in Atlanta, Georgia, Peoplenet was founded in 1990 with the goal of simplifying the function of time keeping so that business leaders could get back to managing people. Peoplenet offers automated, fully-hosted time and attendance solutions that are simple and help staffing agencies provide their clients with excellent service.