European leader in learning and HCM software, Talentsoft, has recently announced the conclusion of their $50 million funding round. The investment was led by Francisco Partners, with other contributors including previous investors Bpifrance and Goldman Sachs.
As part of today's announcement, Talentsoft CEO Jean-Stéphane Arcis also shared insight into the company's ambition in the European HR Tech market with a strategic focus on threekey priorities:
$50 Million to Strengthen Position as the European Leader in HR Tech
The total funding round announced by Talentsoft is $50 million and ranks among the ten largest funding rounds in Europe in 2018 for enterprise software. The entire investment will be used to accelerate the company's continued growth through innovation and international market expansion, reinforcing the company's position as the European leader in HR Tech.
Talentsoft's strategic direction is now based on three pillars:
"This funding round marks a new phase in the history of Talentsoft, and we are proud to be backed by leading venture capital firms. Our existing partners, Bpifrance and Goldman Sachs, and new investor Francisco Partners, have shown strong confidence in what we are doing. We aim to go even further by becoming the first HR Tech platform in Europe withour new iPaaS program, which will make Talentsoft the number one destination for market innovations in HR," explains Jean-Stéphane Arcis, CEO of Talentsoft.
The rise of a digital champion in Europe
Talentsoft is a European success story: the company was co-founded in 2007 by three entrepreneurs (Jean-Stéphane Arcis, Alexandre Pachulski et Joël Bentolila) and has rapidly grown since - +33% in 2018. Today, the company employs 600 employees with customers in more than 130 countries in 27 languages. Revenues will reach $100M in a near future, a first for an Enterprise SaaS company in Europe.
Talentsoft is focused on optimizing the employee experience while taking into account the cultural, linguistic and regulatory specificities of HR management in Europe. As a result, Talentsoft represents a strong alternative for organizations for whom managing employee data is strategic.
Among Talentsoft's 2000 clients are large organizations, including EDF, Vinci, Lacoste, MaxMara, Toyota Europe, ST Microelectronics, Deutsche Bahn, Dorchester Collection hotels and National Bank of Belgium. These benchmark players trust Talentsoft to roll out its solution globally to support their HR transformation. Talentsoft's solution is based on five pillars: recruitment, performance and talent reviews, compensation, learning and core HR.
In 2018, Talentsoft received numerous recognitions:
Key Talentsoft figures
Edited by K. Fanning
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