PARIS, January 13, 2011 /PRNewswire/ -- TalentSoft (http://www.talentsoft.com/), the leader in SaaS-based Integrated Talent Management, announced that it has raised 3 million Euros in capital from Seventure Partners (a subsidiary of Natixis Private Equity) and the Alto Invest Company. This raised capital, achieved with the help of Chausson Finance, marks the company's strong growth. The financing will help TalentSoft deploy its expertise abroad.
A third round of financing - an indicator of growth
In a Talent Management market that shows average growth of 20% per year, TalentSoft reinforces its position as a market leader by tripling its activity from 2009 - 2010. In addition to a huge increase in orders from 1.5 to 4.5 million Euros, TalentSoft acquired 25 new clients in 2010. Motivated by the common goals of consolidating and developing human capital, big groups such as Bollore, Elior, Total and CreditMutuel have chosen TalentSoft. This display of confidence, as well as several HRD testimonials provided during the year, have largely contributed to Seventure's decision to invest - the company is contributing capital for the 3rd time since 2008 - and helped to attract Alto as a new investor.
"We are thrilled to continue supporting TalentSoft, which has already proven its ability to become the European leader in SaaS-based Talent Management", stated Marion Aubry, Partner at Seventure Partners. "Through our investment, we now wish to contribute to TalentSoft's long-term growth and help develop its international presence", added Alto Invest's Olivier Tanneveau.
A goal: to become the key player in European talent management
TalentSoft is internationally recognised by the most respected analysts in the IT sector. Its innovative solution is deployed for 300 000 employees in over 30 countries. This represents over a million people reviews performed each year using TalentSoft. Mentioned four times by GARTNER in 2010 as a "key player in performance and talent management", TalentSoft also ranked in the "winners" category of the Internet software and services market according to a study carried out by PAC (Pierre Audoin Consultants) in 2010 for the European Commission.
Today, TalentSoft wants to further invest in the European market by building on its existing network of subsidiaries in United Kingdom, Spain and Germany, while continuing to support its current international clients. By strengthening its presence abroad, TalentSoft also hopes to reinforce its worldwide network of Certified partners, who provide implementation, assistance and training support for the TalentSoft solution.
"Today, our partners programme represents a solid base for our development strategy and our success on the Talent Management market.Now armed with fresh financial resources, a solution that is unique on the market, and a large pool of satisfied HRDs, TalentSoft is striving to achieve the position of European leader. We currently foresee doubling our activity for 2011", concludes Jean-Stephane Arcis, CEO of TalentSoft.
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