Intrepid Investment Bankers, a leading middle-market investment bank and the advisory arm of global financial group, MUFG, announced today that it served as the exclusive financial advisor to TargetRecruit, a Houston-based provider of front- and middle-office solutions built on the Salesforce platform, on its sale to Bullhorn, the global leader in software for the staffing and recruitment industry.
“We are proud to have advised the TargetRecruit team on this transformative transaction,” said Josh Moses, Managing Director in Intrepid’s Software and Services practice. “We are excited to see the team thrive as part of Bullhorn. This marks another great transaction in software and in Human Capital Management for Intrepid.”
Founded in 2008, TargetRecruit delivers a highly configurable platform, purpose-built for staffing and recruiting firms. “TargetRecruit was built to empower staffing firms with technology that adapts to their unique needs,” said Jonathan Ross, Executive Chairman of TargetRecruit. “Intrepid was instrumental in guiding us through this process, securing a partner in Bullhorn that aligns with our long-term vision and values. We would recommend them for their expertise in software investment banking, their relationships and their hands-on execution.”
TargetRecruit’s customers will not only continue to enjoy all of TargetRecruit’s existing offerings, but they will also benefit from Bullhorn’s deep domain expertise and commitment to innovation on the Salesforce platform.
“We are excited to welcome TargetRecruit customers into the Bullhorn community,” said Jonathan Novich, Bullhorn’s SVP Product - Salesforce. "By providing access to proven best practices, expertise and tools, our team will help them scale their business on the Salesforce platform with confidence."
This strategic move enhances Bullhorn’s investment in the Salesforce ecosystem, growing its Salesforce userbase to nearly 150,000, and solidifies its position as the industry-leading recruitment ISV on the Salesforce platform.
“Intrepid’s advice was invaluable in getting a terrific outcome for TargetRecruit shareholders,” said TargetRecruit CEO, Andy Wigderson. “The entire team was fantastic throughout the process.”