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 U.S. geography." "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 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.