Bullhorn Acquires Herefish
It's The Shred a mini Chad and Cheese bite of Breaking News -- This is Chad Sowash
The Shred is brought to you by Recruitology -- Recruitology brings artificial intelligence - that's AI kids - to job posting and distribution for employers large and small. Post once, pay once, and have your jobs automatically distributed to the right sites where you’ll get the most bang for your buck. Start posting your jobs using Recruitology today at recruitology.com/employers
On to the NEWS for January 2020..
Here fish fish fish fish...
Bullhorn acquires Herefish - terms of the deal were not disclosed
What exacly is a Herefish? Herefish is a 5-year old platform which provides process automation, candidate nurturing and... well wait a minute let me get the press release. "its solutions will help Bullhorn customers improve recruiter productivity, maintain higher data quality and accuracy, and improve communication between recruiters, colleagues, candidates, and customers.
Now remember, Bullhorn is an Applicant Tracking System built for Staffing companies and RPO, which means productivity is job one, because time is money... and staffing and RPO is a business NOT a JOB.
So why did Bullhorn pull out the checkbook?
"On average, Herefish automates 7.2 million actions per month and saves over 2 1/2 hours per recruiter per day." That's 2 1/2 hours of not doing stupid admin shit, rather the 2 1/2 hours with their nose stays to the grindstone or just more time on TikTok. Seriously Tiktok is the bomb...
In several reports, Herefish is listed as a Bullhorn Marketplace partner and in today's landscape core systems need to add features at breakneck speed and can't build everything - what better than a marketplace to monitor, identify and target new tech for acquisition? So, if you're a company leaning toward acquisition this is another example that the road to acquisition is integrations to core marketplaces or companies who WANT to be CORE, like the ATS.
My 2020 prediction is that Bullhorn is just getting started - look for more acquisitions and more importantly more market share in the staffing and RPO market.
Big thanks Recruitology for supporting The Shred. Recruitology has the latest in machine learning and programmatic advertising technology to get your jobs on best of breed niche sites and on top job boards at recruitology.com/employers.
Last but never least remember subscribe to The Chad and Cheese Podcast - HR's Most Dangerous -for late-breaking news, snark, knowledge droppin' and pure stupidity.