Last week, Halogen Software announced a strategic investment from JMI Equity. In our opinion, Halogen Software is a very well run company with over 1000 customers worldwide and years of continuous growth.
This kind of investment is not only good for Halogen Software but good for the industry as a whole as investment of any type in an industry will only produce better products and further innovation. It also further proves our belief that the Human Capital Management (HCM) market continues to grow. We believe this market in general will continue to grow by more than 20% annually and performance management in general, the segment of Talent Management that Halogen focuses on will grow by more than 30% annually with no signs of slowing.
As further evidence of how hot this marketplace is, take a look at some of the investments that have taken place in the past couple of years, as written up in our recently released report, “The Suite Life of Integrated Talent Management”:
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SilkRoad Technology – raised $10M in venture funding in February 2008 and an additional $54M in May 2008.
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SuccessFactors – after raising $45M in venture funding in May 2006, this ITM vendor successfully executed an IPO in November 2007, raising an additional $110M+
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Cornerstone OnDemand – this ITM technology provider raised $32M of venture funding in 2007
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JobFox (formerly Market10) – Online job service raised $12M in May 2006 and $20M more in January 2008
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Trovix – Intelligent job/career search engine (with some ATS features) raised $13M in September 2006
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Intrepid Learning Solutions – raised $12M in July 2006
If history is any indication of the future in this space, I can guarantee we will see more investments and strategic acquisitions.
Solving a piece of the puzzle…
Matt Lafata, HRchitect
Posted by mattlafata 
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Tiffany Appleby