Bullhorn Acquires cube19 to Deliver Real-Time, Actionable Business Intelligence for Staffing Agencies
Investment will help global staffing agencies of all sizes accelerate their digital transformation and scale without friction.
Bullhorn, the cloud computing company that helps staffing and recruiting organizations transform their businesses, today announced that it has acquired cube19, a longstanding Bullhorn Marketplace partner and the provider of analytics and reporting solutions for the Bullhorn platform. This acquisition is the latest major investment by Bullhorn in helping staffing agencies around the world to transform their businesses in an era of ubiquitous digitization. The combination of cube19’s analytics suites and Bullhorn deliver real-time, actionable insights to business executives and operational leaders to help them achieve highly scalable growth.
Staffing as an industry is undergoing a massive shift towards digitization accelerated by the unprecedented increase in technology reliance necessitated by a distributed and frequently remote workforce, as well as rising expectations from clients and talent alike. C-suite executives at staffing firms are grappling with not only navigating through periods of intense change and uncertainty, but also on maximizing financial ROI and propagating smart operational improvements that are well aligned with an organization’s long-term growth strategy.
cube19’s suite of solutions are uniquely designed to provide dynamic, activity-level metrics to manage at any level of the organization: recruiter, team, office or region. cube19’s highly usable and accessible interface makes powerful reporting easy to generate for non-technical users, which results in better performance on the front lines while also providing macro-level insight that helps leaders make better business decisions. Ultimately, by enabling staffing companies to grow their revenue quickly while growing their costs more slowly, cube19 facilitates highly scalable growth. Additionally, cube19’s offerings are purpose-built for staffing agencies using the Bullhorn platform.
The acquisition of cube19 comes at a pivotal moment in the trajectory of the industry as a whole, and addresses a critical need among senior staffing leadership. Through research conducted by Bullhorn, staffing agency executives unanimously voiced a desire for truly real-time, actionable business intelligence and reporting that could help them connect their financial decisions to operations and delivery optimization and connect functions and business units towards improved service levels and growth. The combination of cube19 and Bullhorn provides exactly that.
“I’m excited to welcome Dan, Joe, Nick, and the cube19 team to the Bullhorn family,” said Matt Fischer, president and COO of Bullhorn. “This joining of our companies feels very right in large part due to the amazing culture that Dan and his team have built, and how well it aligns with Bullhorn’s focus on creating an incredible customer experience. The cube19 team builds analytics products that customers love and pair those with excellent service, and I know they’ll fit in perfectly at Bullhorn. I’m also thrilled to work with Dan as he leads the development of new purpose-built analytics products in the near future, meeting our customers’ needs and wants in the new world of work.”
“When we started cube19,” said Dan McGuire, founder and CEO of cube19, “we set out to transform the way staffing companies operated and I’m incredibly proud of how the cube19 team has turned that vision into reality. Since we became a Bullhorn Marketplace partner in 2013, we’ve had tremendous success helping Bullhorn customers achieve highly scalable growth and we’re all very excited to join the Bullhorn team as we continue that mission together.”
cube19’s executive team, including Dan McGuire, Joe McGuire, and Nick Graves-Morris, will join the Bullhorn leadership team in key positions, leading the company’s growing investment in real-time business intelligence across its global customer base.
Terms of the transaction will not be disclosed.
District Capital Partners acted as the buyside advisor to Bullhorn.
cube19 is the business intelligence platform of choice for the global staffing industry, delivering easy to understand, real-time, actionable insights to every employee from desk level to C-suite. Staffing companies use cube19 to deliver highly scalable growth by optimising their two most important assets – their people and their data.
Bullhorn is the global leader in software for the staffing industry. More than 10,000 companies rely on Bullhorn’s cloud-based platform to power their staffing processes from start to finish. Headquartered in Boston, with offices around the world, Bullhorn is founder-led and employs more than 1,200 people globally. To learn more, visit www.bullhorn.com or follow @Bullhorn on Twitter.