Embarks on strategic acquisition strategy
Boston, MA. – August 6, 2012 – TalentFusion, a leader in the Recruitment Process Outsourcing industry, today announced that it has acquired Augustine, Inc. Based in Harrisburg, PA, Augustine is a long time player in the RPO industry. Augustine is the first in a series of planned strategic acquisitions by TalentFusion aimed to supercharge its RPO ecosystem. Terms of the transaction are undisclosed.
Augustine was founded in 1998 as an early pure play RPO company. Since their inception, Augustine has enjoyed a strong thought leader position and a solid track record of recruitment excellence and financial performance.
“I am very excited to welcome Augustine and their associates to the TalentFusion family,” said David Pollard, TalentFusion President and CEO. “Augustine has demonstrated world class RPO delivery capabilities and strong financial management disciplines with a track record of over 14 years of innovation. With this acquisition we are gaining strong talent, innovative technologies and processes, and an impressive client portfolio. The integration with Augustine will drive productivity improvement across our service lines and our consulting teams. Collaboration is one of TalentFusion’s priorities and this acquisition will provide more opportunity for TalentFusion teams to provide enhanced collaborative solutions to customers.”
“TalentFusion’s vision for the RPO industry coupled with their strategic acquisition model made this an easy decision for us,” said John Laporta, Founder of Augustine. “The synergies and cost efficiencies of the TalentFusion merger and acquisition strategy will resonate with many RPO founders who face similar challenges of growing their businesses, continuously investing in infrastructure, and remaining competitive in this dynamic and rapidly changing market.”
“Our vision is to offer RPO owners a strategic alternative to flying solo or entering into acquisition models that result in the dilution or dissolution of their work and brand. Our approach focuses on the preservation of relationships and brand whenever appropriate, increasing operational efficiency and reducing costs, broadening market exposure, diversifying service portfolio’s and ultimately allowing owners to preserve and profit from their hard work,” Pollard explained. He continued, “The RPO industry is entering a phase of rapid consolidation and our model offers a better financial return to the owner, while preserving the integrity of their current businesses.”
TalentFusion is coming off a record year of revenue growth and new client acquisition. In business since 2000, TalentFusion continues to enjoy rapid organic growth and will further accelerate this growth strategically with additional alliances and acquisitions that both strengthen and diversify its core services.
TalentFusion is an industry-leading provider of Recruitment Process Outsourcing services to mid-sized and large commercial and government clients throughout the United States. Blending recruitment best practices, leading edge Web 2.0 technology and great people, TalentFusion delivers world-class solutions that solve complex hiring challenges and mission critical business problems. Information about TalentFusion can be found at http://www.talentfusion.com.
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