talentReef Dominates SaaS HCM Market and Continues Executing with Triple Digit Growth in 2015
Numerous Iconic Brands Optimize Business Performance with Market-Leading Software for Social Recruiting and Talent Management
DENVER, CO — January 20, 2016 — talentReef (fka JobApp), the market-leading cloud provider to recruit, hire, and manage the Service Industry’s Hourly workforce, announced their 12th consecutive Quarter of hyper-growth and best ever financial results in 2015. talentReef’s accelerating business momentum was driven by securing thousands of new client contracts and sites, along with approximately 100 net new iconic brands including: Five Guys Burgers & Fries, Noodles & Company, Einstein Bros Bagels, Caribou Coffee, The Krystal Company, On the Border, Boston Market, Bar Louie, Global Franchise Group (Hot Dog on a Stick, Marble Slab Creamery, Great American Cookies, Pretzelmaker, Maggie Moo’s), Jersey Mike’s Subs, Quiznos, Taco John’s, Worldwide Golf, Stater Bros Markets, and many other widely recognized logos.
2015 talentReef data points include:
- New applications processed increased to 28.7 Million, a 317% increase Y/Y
- Application usage increased to 50+ Million sessions, a 308% increase Y/Y
- 255% increase Y/Y with 1200 new Corporate/Franchisee Contracts
- 190% increase Y/Y in New Go-Live Deployments
- 100% increase Y/Y for the third straight year in Sales Bookings
- 72% increase Y/Y in Core Revenue Growth
- 10-fold increase Y/Y in new Retail, Grocery, Hotel, and Entertainment Contracts and ARR
- 50% increase in new Hires for the Company’s Research & Development/QA, Client Support, and Sales teams
“2015 was an epic year of execution as we kicked-off last year with a major re-branding and new corporate website project, and name change from JobApp to talentReef. Further, we launched our deepest product innovation pipeline since inception, accompanied by over-achievement of our financial goals,” stated John P. Raeder, Jr, CEO of talentReef. “Our social-mobile optimized Recruiting and Talent Management Software platform is proving to be a game-changer for small franchisees to major multi-national brands with respect to proven recruiting and retention strategies. We’re forecasting another record-breaking year of exciting first-to-market products and explosive growth in 2016, delivering value for the best run Service Industry brands globally.”
talentReef’s 2016 strategic priorities focus on world-class client success, Global growth, and continued R&D to maintain a competitive and innovative product pipeline for our clients.
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 55,000 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 ondemand with employers globally. Leading companies across multiple service industry verticals like Five Guys Burgers & Fries, Noodles & Company, Boston Market, Jack in the Box/Qdoba, Focus Brands, Einstein Bros Bagels and Caribou Coffee, Checkers/Rally’s, Applebee’s, Spencer’s/Spirit of Halloween, Downtown Locker Room, QuickChek, TravelCenters of America, Churchill Downs Race Track and Casinos, Weigel’s, and Marsh Grocers trust talentReef to optimize their Operational and HR functions on a daily basis.