News
LDC-backed Talos360 grows technology revenues by over 50% in strong year
1 Aug 2024
Talos360, an award-winning provider of human capital management (HCM) 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 £5.1m in the year ending 31 December 2023, up from £3.3m (FYE: December 2022). Technology sales now represent a record 44% of Talos360’s total revenue, up from 19% in 2021, with further growth forecast.
Rising technology sales helped Talos360 to grow its overall revenue by 10% to £11.6m over the same period, up from £10.5m (FYE: December 2022), against a challenging backdrop for providers of HCM solutions.
Talos360 is one of the UK’s 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.
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’s 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.
As a result of its people-first approach, Talos360 provided 20 opportunities for promotion or internal moves for its employees, and won first place in three Great Places to Work awards in 2023. Janette Martin also won CEO of the Year at The Business Desk Business of the Year Awards and was named TIARA Talent Tech Leader of The Year for the third year in a row.
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.
2023 was a landmark year for us. We continue to invest in our market leading talent solutions to solve all our customers’ hiring challenges, helping them to attract, recruit and retain their top talent. Technology is firmly at the forefront of our brand, and we’re excited to continue investing in our offering and build momentum by actively pursuing complementary acquisitions with LDC’s support."
Janette continued: “It’s also my passion to achieve growth whilst providing a supportive and inclusive workplace culture. We’re 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.”
John Clarke, Partner at LDC, added: “When 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’m confident 2024 will be another stellar year for the business.”
