TalentSoft, a leading provider in cloud-based Integrated Talent Management, today announced it has secured €15 million in growth financing from Highland Capital Partners Europe and the FSN PME French National Fund for Digital Society.
By the way: To find out what “cloud-based Integrated Talent Management” actually means, make sure to check out Talentsoft’s product video below this article.
In the highly competitive Talent Management Market, TalentSoft is one of the European leaders. The Boulogne-based company was founded in 2007. Talentsoft has achieved impressive growth, with its solution being used by over 3,000,000 users and revenues having grown seven-fold in the last three years. With offices in Belgium, Sweden, Germany, and the UK, TalentSoft has ramped up its global expansion and already has users in 100+ countries and 14 languages.
With the additional financing, TalentSoft will widen its presence in Europe by opening more offices and will recruit 60+ professionals in international sales and services functions, greatly enhancing its capacity to service global customers and to help them deploy TalentSoft solution on three continents. In addition, it will accelerate the launch of new solutions leveraging social functionalities within talent management processes. From the screening of candidates by a recruiting community to the rapid onboarding of employees via collaborative processes, TalentSoft will encapsulate social functionality in HR processes, with the goal to make them effective, fluid and fast.
Tony Zappalà of Highland Capital Partners Europe stated: “TalentSoft starts with the career objectives and the competencies of the workforce and this information feeds all the other areas (recruiting, training), resulting in fluid and effective talent management processes. This talent planning approach, very much focused on growing talent and adapting to change is exactly what forward-thinking European multinational companies want to deploy. The rapid growth, which has been achieved very capital-efficiently, is a strong testament to the product suite and approach“.