Talent management company Jobpartners has gained €11m (£8.7m) of funding to help the company continue its European growth.
The business has been backed by CM-CIC Private Capital and Société Générale Asset Management Alternative Investments, as well as existing investors I-Source and Gilde IT.
Jobpartners says that, in light of recent economic circumstances, the fundraising bears testament to the confidence the company inspires in investors and to the high demand for its offering.
It is the third major tranche of funding it has received, having gained €7m (£5.5m) in 2000 and €18m (£14.2m) in 2001.
Jobpartners, which was formed in 2000, has achieved a growth rate of 35% year-on-year over the past five years and has 120 employees in nine European offices.
Its client list includes leading Fortune Global 500 companies such as Carrefour, Nike, Rabobank, Sodexo and Xerox.
The funding will be used to accelerate its growth in new regions, as well as helping the company to innovate and develop new solutions.
“Talent management becomes much more important in a competitive market, as having the right people in place and keeping hold of them can mean the difference between success and failure,” said Xavier Marchioni, chief executive officer of Jobpartners.
“By offering cost-effective solutions that deliver tangible business results to our customers within months, rather than years, is what allows Jobpartners to continue to grow at a remarkable rate.”
© Crimson Business Ltd. 2008