A Bothell human-resources software-management company said Tuesday it has raised $25 million from an investor to bolster its operations.
TalentWise, known for its software called TalentWiseHire, received the largest investment in its history from an undisclosed, Seattle-based private equity investor.
The software allows companies to manage human-resources functions electronically, including offer letters, background checks, drug screenings, new-hire forms and more.
The new money comes after roughly six months of working with Citibank during the fundraising process. Started in 2006, the company has 280 employees and more than 10,000 clients nationwide.
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William Kerr, CEO of TalentWise since 2007, said the new capital will go toward further product enhancements “to continue to drive greater efficiency, effectiveness and experience.”
He said what makes the company stand out is what it offers clients looking to help their human-resources departments become more efficient and productive, as well as streamlining the process for job candidates to make following the paperwork and next steps easier.
“It’s a combination of technology and service,” Kerr said. “Our ability to marry those two elements is compelling, not only on the technology side, but also the customer-service elements for the candidate and human-resources community. To bring that tech and service together is unique.”
TalentWise does not release revenue or profit figures, but company officials say over the last year it has grown more than 50 percent in sales and is on track to continue that growth in 2013.
Marissa Evans 206-464-3701 or firstname.lastname@example.org