talentReef Business Momentum Continues with Record-Breaking Results and Profitable Growth in 2016
DENVER, CO — January 23, 2017 — talentReef, the market-leading cloud provider to recruit, hire, and manage the Service Industry's Hourly workforce, announced best ever financials in 2016. talentReef's achievements were anchored by significant new customer wins in the retail, grocery, hotel/hospitality, and entertainment sectors; along with broad adoption across major Enterprise clients including: Cinemark, Mister Car Wash, Sport Clips, Winmark Corporation, El Pollo Loco, Fazoli's, Southeast QSR, Bodega's El Super, Gelson's, Merry Maids, KOA Campgrounds, Abacus Corporation, and a new strategic relationship with ADP.
2016 talentReef News:
• 75% increase Y/Y in Software Revenue Growth
• 9-fold increase in Sales Bookings since 2013
• 100% increase in New Customer Wins Y/Y
• 180% increase Y/Y in New Customer Deployments
• 100% increase Y/Y in Applications Processed
• 100% increase Y/Y in Mobile Application Usage
• 97% Recurring Revenue Base
• 114% Net Retention Rate across the client base
"2016 was an exceptional and exciting year of market share growth for talentReef as our financial results in ‘16 and projections for ‘17 are a direct result of our team's execution and intently listening to our key clients and Service Industry market leaders," stated John P. Raeder, Jr. CEO of talentReef. "We are deeply committed to scaling numerous, successful client and strategic alliance partnerships with alignment on the company's product roadmap, proven change management and user adoption, and visibility into key metrics driving business value."
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, QuickChek, Weigel’s, Kelly-Moore Paints, MobileOne, LBA Hospitality, Gelson’s Markets, and Hansen’s IGA trust talentReef to optimize their Operational and HR functions on a daily basis.