Talos360, an award-winning HCM solutions provider, has reported a robust financial year. The company experienced significant growth in client base and technology revenue.
The Warrington-based firm recorded a 55% increase in technology sales, marking a milestone in its market-leading software services.
Strong Financial Performance
Talos360, a leading provider of human capital management (HCM) solutions, has reported a substantial growth in technology revenues. In the year ending 31 December 2023, the company’s technology sales surged by 55% to £5.1 million, compared to £3.3 million in the previous year.
This impressive growth represents a record 44% of the company’s total revenue, up from just 19% in 2021. The overall revenue of the company grew by 10% to £11.6 million despite challenges in the HCM solutions sector.
Innovation in Talent Solutions
Talos360 is recognised as one of the fastest-growing providers of software-as-a-service talent solutions in the UK. The company’s proprietary technology aids businesses in attracting, recruiting, and retaining talent. It serves over 800 businesses across various sectors, including retail, hospitality, care, education, manufacturing, and professional services.
The management team, led by CEO Janette Martin, has significantly developed its Talos ATS and Talos Engage products. These products have proven instrumental in securing new customers and expanding the company’s market reach.
Strategic Partnerships and Investments
Talos360’s success is also attributed to its strategic commercial and product partnerships. The company has partnered with Certn Credence, a leader in candidate background screening, and Talent Strengths, experts in employee psychometric tests.
These partnerships enhance Talos360’s service offerings, providing comprehensive solutions to their clients. By cross-selling its software-as-a-service offerings, Talos360 has expanded its customer base and increased its market share.
Talos360 has also invested in its workplace culture, ensuring a balanced and supportive environment. With a 50/50 male and female workforce, the company promotes equal career opportunities for all employees.
Awards and Recognitions
In 2023, Talos360 won three Great Places to Work awards, a testament to its exemplary workplace culture. The company provided 20 opportunities for promotions or internal moves, reflecting its commitment to employee development.
CEO Janette Martin received the TIARA Talent Tech Leader of The Year award for the third consecutive year, underscoring her leadership and vision for the company.
Focus on Future Growth
Building on its strong financial performance, Talos360 is now focusing on further investments in its people and product development. The company plans to pursue complementary acquisitions with the support of LDC to accelerate its growth.
Janette Martin, CEO of Talos360, stated, “2023 was a landmark year for us. We continue to invest in our market-leading talent solutions to solve our customers’ hiring challenges, helping them to attract, recruit, and retain their top talent.”
Commitment to Inclusive Culture
Talos360 prides itself on fostering a supportive and inclusive workplace culture. The company offers exciting careers in tech to people across the North of England.
John Clarke, Partner at LDC, remarked, “The human capital management solutions space is increasingly technology-driven. Talos360 has positioned itself as a market leader by investing in employee well-being and development.”
Clarke also expressed confidence in a stellar performance for the upcoming year, given the company’s commitment to innovation and growth.
Conclusion
Talos360’s remarkable growth in technology revenues marks a significant achievement in the HCM solutions sector. The company’s dedication to innovation, strategic partnerships, and employee development positions it well for future success.
With a strong focus on fostering an inclusive workplace culture and continuous investment in talent solutions, Talos360 is set to maintain its upward trajectory in the coming years.
Talos360’s remarkable growth in technology revenues marks a significant achievement in the HCM solutions sector. The company’s dedication to innovation, strategic partnerships, and employee development positions it well for future success.
With a strong focus on fostering an inclusive workplace culture and continuous investment in talent solutions, Talos360 is set to maintain its upward trajectory in the coming years.