The Hague, June 19th, 2024 – Main Capital Partners is pleased to announce the successful sale of Amsterdam-based Textkernel to Bullhorn, the global leader in software for the staffing and recruitment industry. In cooperation with Main, Textkernel was able to significantly grow its resume parsing and source & match software, while further enhancing its suite of recruitment and talent management solutions for HR Tech vendors, staffing agencies and corporate clients. This strategic exit represents Main’s third exit of 2024, and marks the second largest to date. 

In September 2020, Main Capital Partners made its strategic investment in Textkernel alongside the current management team. Since then, Main and Textkernel management have embarked on a strategic growth journey that transformed Textkernel’s profile to a talent acquisition software solution provider, expanding on its offering of value-adding HR and recruitment solutions. During its cooperation with Main, Textkernel transformed its profile significantly, making a strong push into the North American recruitment market (a.o. through the acquisition of U.S.-based Sovren), expanding its product suite with complementary workflow automation solutions, and increasing its TAM with value-added propositions for corporate clients. Today, Textkernel is recognized as a prominent player in its field, thanks to a committed group of over 200 employees with a mission to connect people and jobs better.

With Main’s support, Textkernel has significantly grown its software businesses, both organically as well as through four selective strategic add-on acquisitions that broadened the company’s product portfolio and further expanded its market share across global markets. In a period of less than four years, Textkernel almost tripled its revenues, driven by expansion of its client base from less than 1,000 to almost 2,500 clients globally. By joining Bullhorn, Textkernel will benefit from access to over $47 million in annual R&D and technical operations expenditure, a strong delivery engine, experience delivering enterprise projects at scale, and investments in cutting-edge AI research and technology.