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Home » Tech Revenues Soar At HR Software Specialist Talos360 As LDC-Backed Business Plans Acquisitions And Further Growth

Tech Revenues Soar At HR Software Specialist Talos360 As LDC-Backed Business Plans Acquisitions And Further Growth

An HR software firm backed by LDC is planning more acquisitions after seeing revenues grow 10% last year – driven by the success of its technology arm.

Warrington-based Talos360 reported revenues of £11.6m for 2023 – up on £10.5m a year earlier despite a “challenging backdrop”.

It said technology sales rose 55% to £5.1m, up from £3.3m a year earlier, with tech sales now representing a record 44% of Talos360’s total revenue.

It reported a pre-tax loss for the year of £447,000, a substantial improvement on the £4.5m the previous year. And it reported an adjusted operating profit of £800,000, an improvement on a loss of £263,000 in 2022.

The group says it now plans to “accelerate growth through complementary acquisitions, product innovation and further investment in its award-winning culture”.

Talos360 offers software-as-a-service solutions connected with recruitment and HR and works with more than 800 businesses.

Its management team, led by CEO Janette Martin, was backed by private equity investor LDC in October 2022. Since then it has driven growth in sectors including retail and hospitality, care, education, manufacturing and professional services.

Ms Martin said: “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.

“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.”

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