HRsmart Completes Acquisition of South Africa Partner

USA & SOUTH AFRICA – May 18, 2010 – Headquartered in Texas, with over twelve offices abroad, HRsmart is the only provider of a truly unified, global, Talent Management solution. The company has successfully been able to support clients in 30 countries and in 14 languages. Today, HRsmart continues its success by announcing the completed acquisition of its partner, HRsmart South Africa, now a subsidiary of HRsmart.

The two companies have been partners since 2006. In only four years, the South Africa team has already established a significant installed client base in a broad range of sectors, including energy, finance, and technology. Its market share has grown to include 25% of the top 40 companies on the Johannesburg Stock Exchange.

“The potential for growth in the talent management industry is clear. The human resource environment is broad and diverse in nature. Having one of the most advanced technology solutions in the world, HRsmart is undoubtedly in a great position to meet the needs of the market,” said Kevin Alborough, CEO, HRsmart South Africa.

Now with the acquisition, not only will HRsmart be the sole provider of a unified Talent Management solution in the continent of Africa, but offers fully localized and compliant solutions to small, medium and large organizations in the continent. HRsmart has invested heavily in Africa, establishing local hosting facilities, and building a local team that is comprised of sales, implementation, development, and client success departments.

“Global expansion has been one of HRsmart’s keys to success. With the proven success and exceptional positioning in the African market, this acquisition will strengthen the company as a leader of talent management solutions in South Africa and the rest of the continent,” stated Pablo Fonolla, HRsmart’s CTO and President of International Operations. “HRsmart will continue to expand globally, offering localized solutions to each market it goes into.”

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