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Talentsoft Reports Continuing Growth Streak, Record Performance in First Half of 2017

03/10/2017
news-results

Talentsoft is firmly ahead of its growth forecast with 113 new clients in the first half of 2017 and a 41% increase in revenue compared to the first half of 2016. The 10-year old software developer is also highly confident in the rest of the year, projecting €52 million in total annual turnover, up 30% from 2016. With its global HR platform producing such strong results, Talentsoft consolidates its position as the European leader of Cloud-based Talent Management and Learning solutions.

A Winning Growth Strategy

Since the beginning of the year, Talentsoft added 113 new clients to its 1,500-client roster. It produced a record growth in the first half of 2017, secured its largest contract to date, and aims to pursue its accelerated growth strategy based on dynamic innovation strong dedication to human capital issues, targeted acquisitions and sustained organic development.

Talentsoft attributes these results to three growth drivers:

  • A unique vision on the future of HR and the “work experience”. This has led to the development of a wide range of innovative and differentiated products, such as Talentsoft Hub, its scalable core HR, and a partnership with Le Lab RH (French association of start-up that promotes and supports HR innovation), which led to the launch of the HR Connect marketplace.
  • A comprehensive and integrated talent management solution. Several hundred clients are in production with the entire suite and leverage Talentsoft’s 5 pillars: recruitment, appraisals, compensation, training & digital learning, and core HR.
  • Development of the proactive sourcing application, Hello Talent. The app is used daily by 10,000 active sourcers and recruiters in more than 35 countries, and 800,000 candidate profiles from 5 continents.

Clients are very satisfied with the platform’s support, user-experience and functional coverage

Many organizations worldwide have chosen Talentsoft this year and Talentsoft’s international offices produced 50% of the revenue growth in the first half of 2017, enabling the vendor to strengthen its European and international reach. Among the new references of Talentsoft: Carglass (Italie), Dorchester Collection (UK), Lagardère and STEF (France), Netcompany A/S, Skandia A/S and University of Copenhagen (Nordics).

 

“We decided to go with the Talentsoft solution as it gives us an overview of our HR data. This in turn will help us highlight the competencies of our employees in France, who are in different positions in our Group and abroad, and offer them development perspectives. We believe that Talentsoft gives us the flexibility to meet the requirements of our different fields while integrating with the group’s internal tools. The customisable indicators and dashboards, based on cross-functional analysis, are true perks for us.”Ludovic Raby, Human Resources Director at D’aucy Group, a cooperative agri-food group.

“10 years after founding our in-house university, we needed a digital platform to develop new training methods. With Talentsoft Learning, we’re able to complement our training courses with shorter, more fun formats and offer greater consistency and responsiveness in the training of our employees to better support the speed of the business. The Talentsoft authoring tool (LCMS) and user interface have been key reasons for choosing a platform that is intuitive to and accessible for all employees.” Céline Luc, Skills Development Manager at STEF, the European leader in Temperature-Controlled Logistics and Transportation.

“With Hello Talent, we have the tool we need for our recruiters and managers to better collaborate, which is essential given our recruitment volume (700 available positions in 2017 alone). The collection, organization and retrieval of information are more fluid, due to the Chrome extension and collaborative features. In one year of use, we have sourced more than 12,000 profiles (+10%) and increased the conversion rate from initial contact to interview stage by 10%.” — Matthieu Rivière, Director Recruitment and School Relations at Devoteam, a 4,000 employee leader in innovative technologies and management consulting.

“The sustained growth of Talentsoft confirms the relevance of our strategy and services to our customers’ talent management challenges. Our goal is to make Talentsoft a strong brand and a first-choice partner at the international level. Co-construction with our key international clients enables Talentsoft to be a global player that continues to gain market share.” says Jean-Stéphane Arcis, CEO of  Talentsoft.