NEW YORK, April 18 /PRNewswire-FirstCall/ -- Hudson, one of the world's
leading professional staffing, outsourcing and talent management solutions
providers, and a division of Hudson Highland Group, Inc. (Nasdaq: HHGP),
today announced the acquisition of Professional Solutions LLC, a Cleveland,
Ohio-based professional services firm.
"Professional Solutions is a premier provider of internal audit,
accounting, technology and tax consulting services," said Thomas B. Moran,
president of Hudson North America. "This high-performance team is a great
cultural fit for us and significantly strengthens our market position for
solving the complex accounting and finance problems of clients in this key
"We are thrilled to be joining such a dynamic, first-class organization
as Hudson," noted Professional Solutions principal Gregg Morris. "This
combination brings exceptional geographic reach, depth and breadth of
expert resources, capability and value to our clients."
"We are excited about what this means for our professional team," added
Professional Solutions principal David Hill. "This allows our highly
experienced consultants the ability to continue to grow professionally
while maximizing their skills in an exciting, progressive environment. Our
clients will benefit from an even higher level of professional service."
Professional Solutions LLC serves the greater Cleveland metropolitan
area for middle-market and Fortune 1000 clients in the financial services,
manufacturing, healthcare and retail industries. The firm was founded by
Hill and Morris, both who have strong track records of building, growing
and leading professional service firms.
Specific terms of the deal were not disclosed. The transaction is
expected to be accretive to earnings beginning in 2006.
Hudson delivers specialized professional staffing, outsourcing, and
talent management solutions worldwide. From single placements to total
solutions, the firm helps clients achieve greater organizational
performance by assessing, recruiting, developing and engaging the best and
brightest people for their businesses.
Hudson is a division of Hudson Highland Group, Inc. one of the world's
leading professional staffing, retained executive search and talent
management solutions providers. The company employs more than 3,800
professionals serving clients and candidates in more than 20 countries
through its Hudson and Highland Partners businesses. More information is
available at http://www.hudson.com.
Special Note: Safe Harbor Statement Under the Private Securities
Litigation Reform Act of 1995: Except for historical information contained
herein, the statements made in this release constitute forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933
and Section 21E of the Securities Exchange Act of 1934. Such
forward-looking statements involve certain risks and uncertainties,
including statements regarding the company's strategic direction, prospects
and future results. Certain factors, including factors outside of our
control, may cause actual results to differ materially from those contained
in the forward- looking statements, including economic and other conditions
in the markets in which we operate, risks associated with acquisitions,
competition, seasonality and the other risks discussed in our Form 10-K and
our other filings made with the Securities and Exchange Commission, which
discussions are incorporated in this release by reference.
SOURCE Hudson Highland Group, Inc.