TULSA, Okla., Nov. 16, 2016 /PRNewswire/ -- Tenstreet, the leading web-based provider of driver recruiting software and workflow solutions for the trucking and transportation industry, announced today that it has received a significant investment from Spectrum Equity, a leading growth equity firm. The investment will accelerate development of Tenstreet's product portfolio and further position the company to execute on its growth strategy. Logo - http://photos.prnewswire.com/prnh/20161116/440054LOGO Tenstreet was founded in Tulsa, OK by Craig Johnson, Tim Crawford, Mike Hanisch, Bryan Riddle and Dale Reagan to address the hiring challenges and inefficiencies facing long haul carriers in North America. After a decade of bootstrapped, profitable growth, the company has established itself as the clear leader in recruiting, applicant tracking, hiring, onboarding and managing drivers for any business with a fleet of 5 to over 500 trucks. In response to the pain felt by carriers and private fleet operators as a result of the industry's significant driver shortage, Tenstreet has built the industry's most comprehensive database of more than 3.5 million unique drivers which auto-populates over 150,000 online applications every month, creating massive efficiencies for their clients as well as their applicants. Recruiters, hiring managers, safety officers and fleet owners rely on Tenstreet's core products, IntelliApp, Xpress and Xchange as their mission-critical applicant tracking platform and system of record for drivers. "I'm grateful for the success we've had so far and am looking forward to creating even more value for both clients and drivers in the future. We believe that partnering with Spectrum positions us well for building even better solutions for the transportation industry," said Tim Crawford who will assume the role of CEO in conjunction with this transaction.