The cash boost will accelerate the launch of new solutions.
TalentSoft, a provider in cloud-based Integrated Talent Management, has secured €15 million in growth financing from Highland Capital Partners Europe and the FSN PME French National Fund for Digital Society, managed by Bpifrance.
TalentSoft’s solution is said to be used by more than 3m users with its revenues growing seven-fold in the past three years. With offices in Belgium, Sweden, Germany, and the UK, TalentSoft has ramped up its global expansion and already has users in more than 100 countries.
Tony Zappalà, Highland Capital Partners Europe fund partner, said: "TalentSoft is a high-growth company with a pragmatic yet very innovative view of Talent Management.
"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".
With the additional financing, TalentSoft will solidify its presence in Europe by opening more offices and will recruit more than 60 professionals in international sales and services functions, 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 aims to encapsulate social functionality in HR processes, making them fluid, fast, and effective.
Jean-Stéphane Arcis, CEO of TalentSoft, said: "Highland Capital Partners has an amazing track record of taking regional leaders and helping them transform into full-fledged global champions.
"With a deep experience in the high tech sector and SaaS business models, Highland Capital Partners is the perfect partner for TalentSoft.
"In addition, we are thrilled that Bpifrance, via its French National Fund for Digital Society, has reinforced its participation in TalentSoft. This fund invests exclusively in high-growth innovative companies, and has been a wonderful partner for TalentSoft since 2012."