Mergers and Acquisitions
-
Beyond.com Buys Job Board, Career Fair Operator
Beyond.com acquired Human Capital Solutions LLC, which does business as JobCircle.com, a job board that serves the mid-Atlantic area and has more than 1.3 million registered members.
-
Korn/Ferry to Pay $80 Million for Leadership Firm
The deal marks the second major acquisition of a leadership consulting firm for Korn/Ferry.
-
Merrill $40M Class-Action Settlement With Advisers Could 'Open a Pandora's Box'
About 1,500 former advisers would qualify for the deal, which would settle the class action filed in October 2009 by brokers claiming rights to stock grants that had not been fully vested before the Bank of America acquisition.
-
Woodbury Reps Set to Cash In: Recruiters
Giving reps stay bonuses while a broker-dealer was on the block was considered highly unusual at the time but also a smart way to keep brokers from leaving before a sale was announced.
-
Staffing Firm Acquisitions Rise in First Half
Overall, there were 62 percent more acquisitions in the first half of 2012 than the first half of 2011.
-
Towers Watson 2010 Merger Fuels Top Consultant Firms' Growth
At Towers Watson, a merger between Towers Perrin and Watson Wyatt in January 2010 spurred most of its growth, according to a company spokesman. The firm, which ranked No. 2 on Crain's list, reported 801 local professionals in 2011, up from 204 in 2010.
-
Crain Buys Stake in Internet Week New York
Crain Communications Inc. expands its Web presence by taking over the management of the weeklong festival featuring the best of the Web.
-
SEC Names Insider Trading Suspect in Staffing Firm Deal
Ladislav 'Larry' Schvacho made approximately $511,000 in illicit profits using insider information, the Securities and Exchange Commission reported.
-
Staffing Firms Kelly, Temp Holdings Announce Joint Venture
The joint venture will be based in Hong Kong, and the agreement calls for Temp Holdings' Tempstaff Hong Kong operation to change its name to TS Kelly Workforce Solutions effective in October.
-
Pharmacy Benefits Manager SXC Acquires Catalyst Health Solutions in $4.4 Billion Deal
The April 18 announcement, a merger with Catalyst Health Solutions Inc., outstripped that deal and would create a combined company that covers 25 million members nationwide.
-
Updated: Oracle to Buy HR Software Firm Taleo for $1.9 Billion
The deal signals more momentum for the cloud computing model, where customers rent applications over the Internet instead of paying for a software license and installing the programs on internal machines.
-
Aon Revenue Surges to $11.29B Largely on Hewitt Purchase
Revenue for its human resources solution unit increased 113 percent to $4.5 billion.
-
Recruit Co. Lands Staffing Firm for $410 Million
It marks the latest large-scale acquisition for Tokyo-based Recruit, and will result in Advantage Resourcing divesting most of its non-Japanese operations.
-
IBM Announces Vendor Management System Acquisition
The acquisition is part of the company's 'Smarter Commerce' initiative begun in March 2011 and aimed at helping companies respond to shifting customer buying patterns.
-
Nothing Seems to Be Clicking
Experts predict that the hiring drought, which has overtaken the U.S. employment landscape over the past few years, will continue in 2012 as companies are still cautious about the recovery.
-
5 Questions for Greg Besio: Unlocking the Right Combination
A corporate merger can be a challenging and exciting opportunity for a human resources leader, according to Greg Besio, executive vice president and chief human resources officer of Aon Corp. Besio found plenty of challenges last year when Aon Corp. acquired Hewitt Associates.
-
ADP Acquisition of RightThing Bolsters Position in HR Software
Recent deals, rollout of new suite of products helping to bring the company out its traditional back-office operations.
-
Aon Hewitt CEOs Discuss Future Plans for Firm
One year ago, Aon Corp. completed its $4.9 billion acquisition of Hewitt Associates Inc., Aon's largest acquisition and the biggest deal ever involving a benefits consultant.
-
Adecco Announces Plan to Acquire Drake Beam Morin
The company says the acquisition will expand its geographic reach and give it a leading position in the United Kingdom, Canada and Brazil.
-
Express Scripts to Buy Medco Health Solutions in $29.1 Billion Deal
In its note to investors regarding the sale, Chicago-based Morningstar Inc. said its analysts were ‘floored’ by news of the proposed deal. The note characterized the deal as having a ‘less than 50 percent chance’ of receiving FTC approval.
-
Staffing Firm Randstad Announces Plan to Buy SFN Group
Based on 2010 revenue of both firms, the deal would make Randstad the second-largest information technology staffing provider in the U.S. It could also become the second-largest provider of office clerical staffing.
-
SumTotal Continues Acquisition Push
Gainesville, Florida-based SumTotal said it acquired CyberShift Inc., which provides workforce management and expense software, and Accero Inc., which makes payroll and benefits software. Terms were not disclosed.
-
SuccessFactors Research Ties Performance Management to Stock Market Success
The report, based on 153 publicly traded SuccessFactors customers, is part of a growing body of research quantifying the link between particular people management practices and business results.
-
HR Software Feels a Shift Following SuccessFactors, Lawson Deals
The moves signal the rise of publicly traded SuccessFactors as a comprehensive talent management technology provider while also ending Lawson’s run as an independent vendor of human resources and other business software.
-
Trying to Tap Assessment Needs of Global Firms, SHL and PreVisor Merge
The combined company, named SHL Group, has a presence in more than 50 countries, products in more than 30 languages and estimated annual revenue of about $200 million.
-
PEO Firm Administaff Buys Software Line
OrgPlus software assists in the creation of detailed organization charts that can help companies better understand their organization structure, increase productivity and more easily plan for change, according to Administaff.
-
Aon to Cut at Least 1,500 Positions as Part of Hewitt Integration
While Aon Consulting and Hewitt in 2009 each generated just over $1 billion in consulting revenue, Hewitt’s $2 billion in outsourcing revenues were about 10 times that of Aon Consulting.
-
Aon Completes Acquisition of Hewitt
Chicago-based Aon will integrate Hewitt and its Aon Consulting unit and has changed its name to Aon Hewitt Inc. A decision has not yet been made on where Aon Hewitt will be based.
-
Kelly Strikes New Deal With Nissan
The staffing firm had already been acting as managed service provider for Nissan North America. The extension calls for Kelly to provide recruitment process outsourcing as well.
-
Continental Pilots Resist Plan to Outsource After United Merger
With antitrust approval of the merger out of the way, hammering out a joint contract with United and Continental pilots is the next critical step in the merger, set to close next month. Talks began August 9 on an accelerated schedule.
-
Dice Buying Rigzone Website
Rigzone includes a job board and gets more than 500,000 unique visits a month and has more than 270,000 résumés in its database, according to Dice.
-
Recently Acquired Hewitt to Buy Ennis Knupp
The move marks Hewitt’s second involvement in industry consolidation in just over a week. On July 12, executives from Hewitt and Aon announced that Aon will buy Hewitt for $4.9 billion in cash and stock.
-
Hewitt Deal Boosts Aons Benefits Consulting, Outsourcing
Aon says it expects to close the acquisition, which is subject to approval by federal antitrust regulators, in November. The deal will bring Aon, the world’s second-largest insurance broker, increased strength as a benefits consultant.
-
ADP Announces Deal to Acquire Workscape
Marlborough, Massachusetts-based Workscape serves more than 3.5 million users in more than 180 companies, according to ADP.
-
KKR Paying $356 Million for Japanese Staffing Firm
The Usen subsidiary, Intelligence Ltd., provides direct hire, temporary staffing and outsourcing as well as job-search advertising.
