TalentSoft, a Boulogne-Billancourt, France-based provider of cloud computing Integrated Talent Management software, has raised €3m in capital.
Investors include existing backer Seventure Partners and new partner Alto Invest Company.
The company intends to use the funds to expand abroad. TalentSoft will further invest in the European market by building on its existing network of subsidiaries in United Kingdom, Spain and Germany, while continuing to support its current international clients.
By strengthening its presence abroad, it also hopes to reinforce its worldwide network of Certified partners, who provide implementation, assistance and training support for the TalentSoft solutions, which are deployed in over 30 countries and used by big groups including Bollore, Elior, Total and CreditMutuel.
Led by CEO Jean-Stephane Arcis, TalentSoft has developed a suite that combines performance management with job and competency planning to increase HR productivity of companies of all sizes by managing the follow-up of training, succession, mobility, recruitment and compensation plans.