According to the agreement, Technisource’s field operations will be merged with Spherion’s IT staffing business and its back office operations will be consolidated into Spherion’s existing service center. The integration and consolidation are expected to be completed by mid-2008.
When we combine our existing IT staffing business with Technisource, we will be a very significant provider of IT staffing services in North America. Additionally, with this acquisition our professional and managed services business will approximate 40% of total revenues creating a much more balanced mix of business, said Roy Krause, president and chief executive at Spherion.
In its strategy to enhance staffing solutions and services, Spherion also acquired Resulte Universal in April 2007 and Todays Staffing for $40m in late September 2007.
Spherion expects that this acquisition will result in approximately $10 million of annualized cost savings.
Source: ComputerWire daily updates
