SYS-CON MEDIA Authors: Liz McMillan, Carmen Gonzalez, Zakia Bouachraoui, Roger Strukhoff, David Linthicum

News Feed Item

Talentsoft Completes $50 Million Funding Round to Accelerate Growth

PARIS, January 9, 2019 /PRNewswire/ --

Future unicorn confirms its position as the European leader in HR Tech

Talentsoft, the European leader in learning and human capital management software, today announced that it has closed a funding round of $50 million. Francisco Partners leads the new investment, alongside existing investors Bpifrance and Goldman Sachs who are strengthening their capital. 

     (Logo: https://mma.prnewswire.com/media/806276/Talentsoft_logo.jpg )

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 three key priorities:  

  • Acceleration of the company's international development. 
  • Investment in HR data management and employee experience innovations. 
  • Pivot towards a platform open to external applications.      

$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:

  • Acceleration of the company's international development : Mastering talent management issues and best practices for international groups, the Talentsoft solution is now used in more than 130 countries and available in 27 languages. The company intends to capitalize on this expertise to support its large customers in their global deployments.
  • Innovation focused on HR data management and employee experience: As the first HR Tech Lab in Europe, Talentsoft will leverage hundreds of developers to transform the work experience of millions of employees, as well as to strengthen Talentsoft HUB, the company's core HR offer.
  • Pivot towards a platform open to external applications: Jean-Stéphane Arcis affirms the strategy to make Talentsoft the leading HR Marketplace in Europe. The company will thus pivot from a SaaS model to an iPaaS model (Integrated Platform as a Service). Technology partners will now have the opportunity to integrate new services on a continuous basis, in order to meet customers' expectations as closely as possible.

"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 with our 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: 

  • The company was awarded the Future Unicorn Trophy in March 2018 by Euronext and Roland Berger.
  • The company was also recognized as a 'Visionary' in Gartner's Magic Quadrant of Talent Management Software for the fifth year in a row and has been rewarded for a higher than average customer satisfaction compared to its competitors.

Key Talentsoft figures 

  • Founded in France in 2007
  • 9 million users in more than 130 countries
  • 600 employees
  • 27 languages
  • 33% growth in 2018
  • 2000 enterprise clients, including 200 new ones in 2018

About Talentsoft  

Talentsoft is the European leader in cloud-based talent management and learning software. The company serves 2,000 clients and 9 million users across the world, and in 27 languages. Its digital platform fosters interactions and transforms employees' work experience. Talentsoft offers a unique combination of core HR and ready-to-use HR analytics dashboards, and fully leverages the synergies between competency management, career paths, and learning opportunities. The application covers core HR and the entire talent management cycle: recruiting, onboarding, performance, talent review, competencies development, learning and compensation.

http://www.talentsoft.com 

About Francisco Partners 

Francisco Partners is a leading global private equity firm that specializes in investments in technology and technology-enabled businesses. Since its launch over 18 years ago, Francisco Partners has raised over $14 billion in committed capital and invested in more than 200 technology companies, making it one of the most active and longstanding investors in the technology industry. The firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential.

For more information on Francisco Partners, please visit www.franciscopartners.com

About Bpifrance 

Bpifrance is the French national investment bank: it finances businesses - at every stage of their development - through loans, guarantees, equity investments and export insurances. Bpifrance also provides extrafinancial services (training, consultancy.) to help entrepreneurs meet their challenges (innovation, export…).

For more information, please visit: www.bpifrance.fr and presse.bpifrance.fr

Follow us on Twitter: @Bpifrance - @BpifrancePresse

About Goldman Sachs Merchant Banking Division 

The Goldman Sachs Merchant Banking Division is the primary center for Goldman Sachs' long term principal investing activity, and Goldman Sachs has operated this business as an integral part of the firm for more than 25 years. The group invests in equity and credit across corporate strategies and has raised capital to invest across a number of geographies and industries since 1986. With nine offices in seven countries around the world, the Goldman Sachs Merchant Banking Division is one of the largest managers of private capital globally, offering deep expertise and long-standing relationships with companies, investors, entrepreneurs and financial intermediaries around the globe. Further information on Goldman Sachs can be found on the website: www.goldmansachs.com

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The platform combines the strengths of Singtel's extensive, intelligent network capabilities with Microsoft's cloud expertise to create a unique solution that sets new standards for IoT applications," said Mr Diomedes Kastanis, Head of IoT at Singtel. "Our solution provides speed, transparency and flexibility, paving the way for a more pervasive use of IoT to accelerate enterprises' digitalisation efforts. AI-powered intelligent connectivity over Microsoft Azure will be the fastest connected pat...
There are many examples of disruption in consumer space – Uber disrupting the cab industry, Airbnb disrupting the hospitality industry and so on; but have you wondered who is disrupting support and operations? AISERA helps make businesses and customers successful by offering consumer-like user experience for support and operations. We have built the world’s first AI-driven IT / HR / Cloud / Customer Support and Operations solution.
ScaleMP is presenting at CloudEXPO 2019, held June 24-26 in Santa Clara, and we’d love to see you there. At the conference, we’ll demonstrate how ScaleMP is solving one of the most vexing challenges for cloud — memory cost and limit of scale — and how our innovative vSMP MemoryONE solution provides affordable larger server memory for the private and public cloud. Please visit us at Booth No. 519 to connect with our experts and learn more about vSMP MemoryONE and how it is already serving some of...
Darktrace is the world's leading AI company for cyber security. Created by mathematicians from the University of Cambridge, Darktrace's Enterprise Immune System is the first non-consumer application of machine learning to work at scale, across all network types, from physical, virtualized, and cloud, through to IoT and industrial control systems. Installed as a self-configuring cyber defense platform, Darktrace continuously learns what is ‘normal' for all devices and users, updating its understa...
Codete accelerates their clients growth through technological expertise and experience. Codite team works with organizations to meet the challenges that digitalization presents. Their clients include digital start-ups as well as established enterprises in the IT industry. To stay competitive in a highly innovative IT industry, strong R&D departments and bold spin-off initiatives is a must. Codete Data Science and Software Architects teams help corporate clients to stay up to date with the mod...
As you know, enterprise IT conversation over the past year have often centered upon the open-source Kubernetes container orchestration system. In fact, Kubernetes has emerged as the key technology -- and even primary platform -- of cloud migrations for a wide variety of organizations. Kubernetes is critical to forward-looking enterprises that continue to push their IT infrastructures toward maximum functionality, scalability, and flexibility. As they do so, IT professionals are also embr...
Platform9, the leader in SaaS-managed hybrid cloud, has announced it will present five sessions at four upcoming industry conferences in June: BCS in London, DevOpsCon in Berlin, HPE Discover and Cloud Computing Expo 2019.
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
When you're operating multiple services in production, building out forensics tools such as monitoring and observability becomes essential. Unfortunately, it is a real challenge balancing priorities between building new features and tools to help pinpoint root causes. Linkerd provides many of the tools you need to tame the chaos of operating microservices in a cloud native world. Because Linkerd is a transparent proxy that runs alongside your application, there are no code changes required. I...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, discussed the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, application p...
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...
"NetApp's vision is how we help organizations manage data - delivering the right data in the right place, in the right time, to the people who need it, and doing it agnostic to what the platform is," explained Josh Atwell, Developer Advocate for NetApp, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Druva is the global leader in Cloud Data Protection and Management, delivering the industry's first data management-as-a-service solution that aggregates data from endpoints, servers and cloud applications and leverages the public cloud to offer a single pane of glass to enable data protection, governance and intelligence-dramatically increasing the availability and visibility of business critical information, while reducing the risk, cost and complexity of managing and protecting it. Druva's...
Kubernetes as a Container Platform is becoming a de facto for every enterprise. In my interactions with enterprises adopting container platform, I come across common questions: - How does application security work on this platform? What all do I need to secure? - How do I implement security in pipelines? - What about vulnerabilities discovered at a later point in time? - What are newer technologies like Istio Service Mesh bring to table?In this session, I will be addressing these commonly asked ...
BMC has unmatched experience in IT management, supporting 92 of the Forbes Global 100, and earning recognition as an ITSM Gartner Magic Quadrant Leader for five years running. Our solutions offer speed, agility, and efficiency to tackle business challenges in the areas of service management, automation, operations, and the mainframe.