Talos360, an HR software leader, reported a notable increase in tech revenue and overall growth.
The firm’s success is underpinned by strategic planning, innovation, and a commitment to workplace culture.
Warrington-based Talos360, a specialist in HR software, has announced remarkable financial results for the year 2023. Despite the prevailing economic challenges, the company has achieved a noteworthy 10% increase in its overall sales, reaching £11.6 million, compared to £10.5 million in the previous year.
Talos360’s technology sector has been the main driver of its financial success, with tech revenues soaring by an impressive 55%. This increase, from £3.3 million to £5.1 million, represents a record 44% of the company’s total revenue. The company attributes this growth to its focus on innovation and the enhancement of its software-as-a-service solutions for recruitment and HR.
Talos360 plans to accelerate its growth trajectory through strategic acquisitions, continuous product innovation, and further investments in its award-winning culture. The management team, led by CEO Janette Martin, is keen on pursuing complementary acquisitions with the backing of private equity investor LDC. Talos360’s growth strategy is not only focused on financial metrics but also on creating a supportive and inclusive work environment.
Under the leadership of Janette Martin, Talos360 has positioned itself as a frontrunner in the human capital management solutions market. Since being backed by LDC in October 2022, Talos360 has made significant strides in various sectors, including retail and hospitality, care, education, manufacturing, and professional services. Janette Martin emphasises the importance of investing in market-leading talent solutions to solve hiring challenges and retain top talent.
LDC’s partnership with Talos360 has been crucial in propelling the company’s growth and success. John Clarke, a partner at LDC, has highlighted Talos360’s commitment to innovation and the importance of investing in employee development as key components of the business’s growth strategy. LDC’s support not only aids financial growth but also strengthens Talos360’s position as a market leader.
Talos360 is committed to providing a supportive and inclusive workplace culture. Janette Martin is passionate about offering exciting career prospects in the tech industry, particularly in the North of England. This commitment to a positive work environment is seen as vital to sustaining the company’s growth momentum and ensuring employee satisfaction.
Looking ahead, Talos360 is optimistic about continuing its upward trajectory in 2024. With planned acquisitions, technological advancements, and a focus on employee wellbeing, the company is poised to further solidify its market position. The partnership with LDC is expected to remain a strong foundation for future growth.
With plans for strategic acquisitions and innovation, Talos360 is set for further growth.
The company’s dedication to employee welfare and technological advancement positions it well for future success.
