Talos360, a provider of human capital management solutions, is celebrating a strong financial year on the back of significant client growth and investment in its market-leading software services.
The Warrington-based business increased technology sales by 55% to 拢5.1m in the year ending 31 December 2023, up from 拢3.3m (FYE: December 2022).聽
Technology sales now represent a record 44% of Talos360鈥檚 total revenue, up from 19% in 2021, with further growth forecast.
Rising technology sales helped Talos360 to grow its overall revenue by 10% to 拢11.6m over the same period, up from 拢10.5m (FYE: December 2022), against a challenging backdrop for providers of HCM solutions.
Talos360 is one of the UK鈥檚 fastest growing providers of software-as-a-service talent solutions. Its proprietary technology helps businesses to better attract, recruit and retain talent, and it is a trusted partner to more than 800 businesses.
The management team, led by CEO Janette Martin, was backed by private equity investor LDC in October 2022 to help accelerate its ambitious growth strategy.聽
Since then, Talos360 has driven technology sales by continually developing its Talos ATS and Talos Engage products, securing new customers in sectors including retail and hospitality, care, education, manufacturing and professional services, and successfully cross-selling its software-as-a-service offering to clients that previously only used its advertising and vacancy filling services.
It has also invested significantly in its commercial and product partnerships to further support customers. This includes new partnerships with the likes of Certn Credence, a leading provider of candidate background screening, and Talent Strengths, industry leaders in employee psychometric tests.
With LDC鈥檚 support, Talos360 also continues to invest in its award-winning workplace culture. The business, which is proud to have a 50/50 male and female balance, is committed to giving all employees the opportunity to develop exciting careers in tech. It uses its own Talos Engage EVP software to gather feedback on everything from employee wellbeing and work-life balance to career opportunities and the benefits it offers.
On the back of its strong financial year, Talos360 is now focused on further investment in its people and product development, and complementary acquisitions to accelerate its growth.
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鈥�2023 was a landmark year for us. We continue to invest in our market leading talent solutions to solve all our customers鈥� hiring challenges, helping them to attract, recruit and retain their top talent,鈥� said Martin.聽
鈥淭echnology is firmly at the forefront of our brand, and we鈥檙e excited to continue investing in our offering and build momentum by actively pursuing complementary acquisitions with LDC鈥檚 support.
鈥淚t鈥檚 also my passion to achieve growth whilst providing a supportive and inclusive workplace culture. We鈥檙e proud to offer exciting careers in tech to people across the North of England and will continue to help our people progress in their careers.鈥�
John Clarke, Partner at LDC, added: 鈥淲hen we started working with Janette and the team it was clear that there was no limit to their ambition.
“The human capital management solutions space is increasingly technology-driven and Talos360 has positioned itself as a market leader in software through a commitment to innovation and a recognition that investing in employee wellbeing and development is a critical component of any successful growth strategy. I鈥檓 confident 2024 will be another stellar year for the business.鈥�