Bullhorn Acquires The Code Works Inc. to Power Cloud-Based Data Integration and Intelligence
Bullhorn®, the global leader in customer relationship management (CRM) software for the staffing and recruiting industries, today announced that it has acquired The Code Works Inc. – the makers of VMS Access, a cloud-based software product that integrates corporate procurement and vendor management systems (VMS) like SAP’s Fieldglass with CRM systems. VMS Access currently automates the data integration and workflow for filling job openings at over 350 of the world’s largest companies and enables staffing firms to increase service levels, win more business, and improve productivity by reducing time-to-fill and data entry time. As companies of all sizes migrate to SaaS-based services, Bullhorn will leverage The Code Works Inc.’s multi-national R&D team to develop integration solutions that will power new services enabling front office productivity improvements through the Bullhorn platform.
Key services offerings to be developed on the platform will include those for managed service providers (MSPs). Bullhorn currently provides client portals, candidate portals, and vendor portals to enable staffing agencies to act as MSPs or sub-vendors and operate different lines of business within Bullhorn, and the company will use The Code Works Inc.’s technology as a platform upon which to further develop technologies that enable staffing firms to operate and compete effectively in a world in which VMS usage is proliferating. The Code Works Inc. team’s much-valued industry knowledge in combination with considerable R&D resources from Bullhorn will help take Bullhorn’s existing MSP offering and accelerate it into an industry-leading suite of solutions to benefit staffing agencies of all sizes looking to capitalize on this rapidly-growing market.
Bullhorn acquires The Code Works Inc. as contingent labor demand is soaring thanks to increased globalization, outsourcing, and the growing costs of hiring and retaining permanent employees. Addressing this trend, 70% of large buyers of temporary labor (including Fortune 500 companies) are now leveraging VMS solutions to streamline contingent workforce management. Spend flowing through VMS systems is growing at a rate of more than 20% per year – considerably faster than growth in overall staffing spend. The acquisition of The Code Works Inc. adds a proven, seamless integration between core recruitment system providers to enable staffing agencies to take advantage of a $90 billion market.
“With this acquisition, we’re enabling companies to move their front office solutions to the cloud and to take advantage of Web-enabled services that power better decision-making and additional revenue opportunities,” said Art Papas, Founder and CEO of Bullhorn. “Bullhorn VMS Access will help drive Bullhorn’s growth in the VMS industry and beyond. This vendor neutral solution extends Bullhorn’s product portfolio and will allow us to develop new offerings to help improve customer productivity. Long-term, the Bullhorn VMS Access development team will help drive the development of Bullhorn’s data integration offerings, fundamental to our cloud-based Big Data offerings. To drive better decision-making, companies are looking to integrate data from a variety of sources online; Bullhorn VMS Access will provide that engine for our customers.”
Jonathan Novich, Co-Founder and President of The Code Works Inc., will become Bullhorn’s new General Manager of Cloud-Based Integration Technologies. “I’m thrilled to be joining Bullhorn for several reasons,” said Novich. “First, they’re the clear market leader, so it makes good business sense to be aligned with them and to leverage their expansive resources to grow our offerings and provide better service to customers. Being a part of the Bullhorn family will enable rapid product expansion and accelerated platform development for customers of Bullhorn and The Code Works Inc. Beyond that, they have a strong vision for the future with Bullhorn providing a comprehensive set of cloud-based, front office services to help companies manage their customer relationships better. We’re excited to be part of that vision.”
About the Product
Bullhorn VMS Access is a cloud-based subscription service for staffing firms of all sizes working on any volume of VMS job orders. Bullhorn VMS Access provides numerous benefits to staffing agencies, including:
- Better customer service: Loads job requisitions and updates from virtually any VMS solution available and parses the information into the CRM quickly so staffing firms never miss an order and respond faster than the competition
- Cost savings: Eliminates duplicate data entry and reduces admin or recruiter time spent cutting and pasting information from VMS requisitions into the CRM; also publishes close statuses automatically in the CRM when requisitions are closed in the VMS so that recruiters don’t waste time
- Intelligence: Provides staffing executives with real-time visibility into activity and load times so they can determine which requisitions are generating ROI, identify new revenue streams, and fill their non-VMS jobs faster
- Revenue: Filters requisitions by agency-defined parameters to enable firms to focus on the requisitions that fit their business and to fill those requisitions faster
To learn more about Bullhorn VMS Access, please visit: http://pages.bullhorn.com/WC14-07VMSAccess_ContactSales.html?LS=Public_Relations&LSD=EB_14-08-06_BullhornVMS
About Bullhorn
Bullhorn creates cloud-based software solutions that help recruiters put the world to work. As the global market leader in staffing and recruiting software, our innovations power the operations of fast-growing start-ups up through the world’s largest staffing brands. Headquartered in Boston, with offices in St. Louis, Richmond, Vancouver, London, and Sydney, Bullhorn’s applicant tracking system, recruitment customer relationship management (CRM) system, back office, and social recruiting products serve more than 10,000 clients representing nearly 350,000 users across 150 countries.
Contact:
Vinda Souza
Senior Marketing Manager, Bullhorn