DENVER, CO — talentReef, the market-leading Recruiting and HCM software platform for the Service Industry's Hourly workforce, announced best ever results across the board. For the 15th consecutive quarter, talentReef's accelerating business momentum was driven by delivering 385 new client contracts and deployments in Q3. Software revenue for the quarter was up 71% year-over-year and billings increased 74% year-over-year. talentReef continues to win marketshare within an $8 Billion addressable global market aimed at service industry customers from single owner-operators to large multi-nationals.
"talentReef has transformed antiquated recruiting processes with a modern approach focused on enabling recruiters and HR managers to connect and collaborate instantly with Hourly applicants; along with employee engagement and training technology to drive workforce productivity," said John P. Raeder, Jr. CEO of talentReef. Raeder further states, "The significant investment in Research & Development we began four years ago is producing results as we enter Q4 with the largest sales pipeline in company history propelled by continued growth in our Retail, Hotel & Hospitality, Grocery, and Entertainment verticals."
Q3 Data Points:
• Major new marketshare wins:
- Large North American grocer with 6,500 employees
- Multinational theater chain with 7,000 employees
- High growth multi-brand restaurant platform with 262 locations
- Landed 328 new clients within the SMB space
• Technology infrastructure migration to Amazon Web Services (AWS)
• Signed strategic partnership with a leading global payroll provider, supporting synergistic customer solutions and revenue growth
• Tracking to 100+% customer growth year-over-year, forecasting 2,000 new customer wins in FY2016
talentReef is the #1 provider for Social Recruiting and Talent Management Systems specifically built for the Hourly workforce. As the market leader with more than 60,000 sites under contract, including the world's best known and best run brands, the company streamlines how fast-paced operators find, hire, train, and manage their most valuable asset—talent. The Company's mobile-optimized HR platform (Social Recruiting, ATS, Onboarding, Training and Development, Performance Management, and Analytics) is transforming the way Millennials are connecting on-demand with employers globally. Leading companies across multiple service industry verticals like Cinemark, Churchill Downs Race Track and Casinos, Focus Brands, Checkers/Rally's, Five Guys Burgers & Fries, Spencer's/Spirit of Halloween, Downtown Locker Room, QuickChek, TravelCenters of America, Elior North America, trust talentReef to optimize their Operational and HR functions on a daily basis.