Bullhorn achieves record growth

Doubles Growth on the Strength of Large Customer Wins and a More than 50% Increase in New Customers

Bullhorn today announced record setting fiscal year and fourth quarter 2005 results, ended December 31, 2005. Bullhorn achieved record growth for FY 2005, based on a robust 96% revenue increase over FY 2004. Fourth quarter revenue growth for FY 2005 increased a healthy 72% over the same period in FY 2004. The company signed 152 new customers during FY 2005, a 52% increase over the number of customers signed during FY 2004, fueling a 50% increase in its customer base to 400 worldwide, supporting more than 4000 users. Bullhornís fourth quarter also marked the companyís sixth consecutive quarter of profitability.

ìBullhornís record setting results were driven by penetrating all staffing and recruiting segments, but were particularly fueled by securing some of the worldís largest staffing and recruiting firms as new customers,î said Arthur Papas, CEO and co-founder of Bullhorn. ìThis level of customer success validates Bullhornís software as a service model and our market leading On Demand, integrated front office solution, which enables staffing and recruiting firms to synchronize sales and recruiting to generate, source and fill job orders, in real-time, at the highest rates in the industry.î

Bullhorn achieved several significant milestones during FY 2005 including:

The selection by Vedior North America, part of Vedior, the worldís third largest staffing firm, to use Bullhorn in its North American operations, including Sapphire Technologies, Clinical One, Global Managed Services, ATS Reliance and Placement Pros;

The selection by several leading U.S. staffing and recruiting firms including Winter Wyman, Forrest Solutions, iGate Mastech and Trade Source;

The availability of Bullhorn 8.5, providing anytime, anyplace access to Bullhorn through the worldís most popular mobile devices;

The growth of Bullhornís staff by more than 110% during FY 2005 and the opening of a sales office in Atlanta