MrTed completes third round financing as multinational customer base for global recruitment software

MrTed Ltd has received Ä10 million in third round funding from lead investor Holland Venture together with BV Capital and existing investors. This new investment brings to a figure of Ä25 million to the total funding received by MrTed since its inception in late 1999.

Frederic Trinel, CFO and co-founder, MrTed Ltd, commented, ìwe are delighted with the results of this new round, which demonstrates a strong vote of confidence in the future of our business. This capital injection will allow us to further accelerate our strategic initiatives to make our flagship application, MrTed TalentLink, the de facto standard for recruitment solutions in Europe and beyond.î

The funding comes at a time when MrTed TalentLink is rapidly gaining market acceptance with already 40 customers - including leading multinational businesses such as, Philips Semiconductors, Heineken, Schlumberger and Vizzavi - deploying MrTedís global Candidate Supply Chain Management (CSCM) application.

Jan Willem Roell, investment director, Holland Venture commented ìIn the current economic situation, an efficient management of the companyís talent base and Candidate Supply Chain is increasingly important. Loosely managed, paper-based recruitment and internal mobility functions will soon be history.î

Wolfgang Rose, General Partner, BV Capital added ìWe see MrTed as being ideally positioned to take the lionís share of this rapidly expanding market for global recruitment software solutionsî.

ìGlobal businesses are looking for a single application which they can deploy anywhere in the world but with all the flexibility required to meet differing local recruitment and internal mobility practices.î said Jerome Ternynck, CEO of MrTed Ltd. ìAs recent client wins confirm, MrTed is today the only vendor that can deploy and operate a global recruitment and internal mobility solution that matches the marketís expectationsî.

The MrTed Talentlink solution already operates in 11 languages allowing large businesses to streamline and manage their internal and external recruitment processes for both permanent and temporary staff. This end-to-end solution handles the entire process from headcount planning to hiring using both traditional and web based recruitment methods.

www.mrted.com