From the Bullhorn Blog…
Today, Bullhorn has acquired Textkernel, an industry leader in Sourcing AI solutions. Headquartered in Amsterdam, Textkernel powers over 2,000 customers globally, including eight of the top 10 staffing agencies worldwide and Fortune 500 companies. A longtime, trusted partner to the staffing and recruitment industry, Textkernel and Bullhorn share a crucial strategic goal: empowering recruiters to digitally transform their business for the future and maximize the use of AI in the industry. This acquisition accelerates our AI strategy and furthers our mission of powering organizations to put the world to work.
In today’s competitive landscape, organizations grapple with talent and job shortages and the pressing need to swiftly fill new positions with top-tier talent. Furthermore, as Art Papas shared in his keynote at Engage Boston 2024, customers need a S.E.A. (Specific, Enormous, Actionable) of data to realize the full potential of AI. This is where the addition of Textkernel plays a pivotal role in our strategy. Textkernel’s parsing technology is second to none and will be critical to our AI strategy.
Their matching technology is used by some of the largest enterprises in the world, both inside staffing and talent acquisition. Textkernel’s Labor Market Insights solution boosts agency business development and growth strategies, a critical lever in the current job short market. The combination of Textkernel and Bullhorn will substantially help organizations solve their talent-sourcing challenges and win new business. The acquisition of Textkernel significantly accelerates our AI strategy and unlocks the next chapter of solutions we can offer customers.
Sourcing AI is a strategic focus for Bullhorn
The staffing industry has grown to over $600 billion in revenue globally. With growth expected to pick up in 2024, this acquisition offers a significant step forward for us to harness AI’s full potential to benefit our customers and the industry. As we shared with customers in Vision for Innovation at Engage Boston 2024, Sourcing AI is a huge investment area for Bullhorn, and we are truly excited to embark on this journey with Textkernel.
We congratulate CEO Gerard Mulder, COO Guus Meijer, and the entire leadership team at Textkernel and welcome the Textkernel team to the Bullhorn family. This acquisition is a significant step forward for us, and we are committed to maximizing its potential to benefit our customers. As we set our sights on the future, I’m optimistic about the impactful solutions that will stem from merging our teams and our shared dedication to advancing AI in the talent-sourcing landscape.
