News from the Recruiting Industry Discussions - RecruitingBlogs2024-03-28T09:17:47Zhttps://recruitingblogs.com/group/newsfromtherecruitingindustry/forum?feed=yes&xn_auth=noHays takeover 'unlikely' but ‘not impossible’, say analysts Fri, 10 Sep 2010tag:recruitingblogs.com,2010-09-10:502551:Topic:10760642010-09-10T15:43:38.936ZRebecca B. Sargeanthttps://recruitingblogs.com/profile/RebeccaBSargeant
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-outline-level: 1"> …</p>
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<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-outline-level: 1"><font color="#000000"><span lang="EN" style="FONT-FAMILY: Verdana; mso-ansi-language: EN" xml:lang="EN"><font size="3"></font></span></font> </p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><span lang="EN" style="FONT-FAMILY: Verdana; mso-ansi-language: EN" xml:lang="EN"><font size="3"><font color="#000000">Analysts specialising in the recruitment sector have down played the chances of a bid for Hays by Adecco, Manpower, or Randstad.</font></font></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><span lang="EN" style="FONT-FAMILY: Verdana; mso-ansi-language: EN" xml:lang="EN"><font size="3"><font color="#000000">Yesterday’s <i>Financial Times</i>and <i>Daily Telegraph</i>mentioned a 140-150p bid for Hays, and reported that that Hays’ shares rallied by 5% on Wednesday due to speculation over a 140-150p bid for Hays by Adecco, Manpower or Randstad.</font></font></span></p>
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<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><span lang="EN" style="FONT-FAMILY: Verdana; mso-ansi-language: EN" xml:lang="EN"><font size="3"><font color="#000000">James Wellesley Wesley, partner at corporate finance advisers Wyvern Partners, told <i>Recruiter</i> a bid for Hays was possible, but unlikely.</font></font></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"> </p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><span lang="EN" style="FONT-FAMILY: Verdana; mso-ansi-language: EN" xml:lang="EN"><font size="3"><font color="#000000">“It’s not impossible is the short answer. Hays is much more vulnerable than in the past. First of all Hays has a relatively new CEO - around two years in the job - and arguably it had a lucky recession.</font></font></span></p>
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<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><span lang="EN" style="FONT-FAMILY: Verdana; mso-ansi-language: EN" xml:lang="EN"><font size="3"><font color="#000000">Wellesley Wesley added that Adecco is ambitious and that “it might make quite a bit of common sense in the UK” because the two companies complement one another.</font></font></span></p>
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<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><span lang="EN" style="FONT-FAMILY: Verdana; mso-ansi-language: EN" xml:lang="EN"><font size="3"><font color="#000000">However, he added: “Nine times out of 10 this is going to be someone [a journalist] drivelling on a page without any truth, but there is some chance of it happening. It’s usually complete drivel, coming from someone who is bored on a Wednesday afternoon.”</font></font></span></p>
<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><span lang="EN" style="FONT-FAMILY: Verdana; mso-ansi-language: EN" xml:lang="EN"><font size="3"><font color="#000000">Kean Marden, head of support services equity research, RBS global banking & markets, told <i>Recruiter</i>: “We believe a bid is unlikely as Adecco and Randstad are only interested in bolt-ons.</font></font></span></p>
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<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><span lang="EN" style="FONT-FAMILY: Verdana; mso-ansi-language: EN" xml:lang="EN"><font size="3"><font color="#000000">“Adecco acquired Spring and MPS last year and has indicated that it is now only interested in small bolt-ons, primarily in recruitment’s emerging markets.</font></font></span></p>
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<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><span lang="EN" style="FONT-FAMILY: Verdana; mso-ansi-language: EN" xml:lang="EN"><font size="3"><font color="#000000">“Randstad acquired Vedior in 2007, it’s net debt/EBITDA (earnings before interest, tax depreciation and amortisation) ratio was 2.4x in Q2 2010 and during an investor roadshow with RBS last week management reiterated that they were not planning any major M&A initiatives.<br/><br/>“The Hays bid story emerges about once a year, normally after a rally in the share price. In our view, Wednesday’s +5% move was driven by a confident management roadshow with investors, the first EPS upgrades for two years and the anticipation that more will occur after the 7 October Q1 interim management statement.”</font></font></span></p>
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<p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt"><font color="#000000"><span style="FONT-FAMILY: Verdana"><font size="3">Article sourced from</font></span> <b><span style="FONT-SIZE: 7.5pt; COLOR: black; FONT-FAMILY: Verdana"><a href="http://tinyurl.com/33aobl6">http://tinyurl.com/33aobl6</a></span></b></font></p> Talent Alliance Gains Traction With Its SecurityJobZone Portaltag:recruitingblogs.com,2010-09-08:502551:Topic:10743142010-09-08T14:23:25.813ZRebecca B. Sargeanthttps://recruitingblogs.com/profile/RebeccaBSargeant
<p>AUSTIN, TX--(Marketwire - August 26, 2010) - Talent Alliance, Inc. (PINKSHEETS: <a href="http://www.marketwire.com/press-release/stock.jsp?Ticker=TLAN"><font color="#CC0000">TLAN</font></a>) announced today that it continues to improve on its technology offerings to support candidates, current clients and other companies looking to fill key positions and sees further traction in this market. "We continue to hear from our candidates that knowing what opportunities exist in the job market…</p>
<p>AUSTIN, TX--(Marketwire - August 26, 2010) - Talent Alliance, Inc. (PINKSHEETS: <a href="http://www.marketwire.com/press-release/stock.jsp?Ticker=TLAN"><font color="#CC0000">TLAN</font></a>) announced today that it continues to improve on its technology offerings to support candidates, current clients and other companies looking to fill key positions and sees further traction in this market. "We continue to hear from our candidates that knowing what opportunities exist in the job market assists them in making informed decisions about where they will fit and be able to create immediate value for employers," says Chris Beck, the Company's SVP of Business Development. Beck adds, "With our traffic on SecurityJobZone up nearly 30% from last quarter, we know empirically that it is really beginning to make an impact and we plan to take the comments and feedback and incorporate additional tools to this portal."</p>
<p>SecurityJobZone.com makes it easy for companies to post openings and gives candidates an easy interface to search those postings as well as submit their resumes. Further, the site provides many resources to the candidates that include resume examples and tips as well interviewing techniques. The Company is currently offering a free 30-day trial to employers; the login is available on <a href="http://www.securityjobzone.com/"><font color="#CC0000">www.securityjobzone.com</font></a>.</p>
<p>About Talent Alliance:</p>
<p>Based in Austin, Texas and with operations in Shanghai, China -- Talent Alliance, Inc. (<a href="http://www.talentallianceintl.com/"><font color="#CC0000">http://www.talentallianceintl.com</font></a>) provides talent management and talent acquisition technology applications and resources in the United States and The People's Republic of China. Talent Alliance provides world class permanent placement recruiting, contingent staffing, employee leasing and benefits management services, and proprietary talent acquisition technology solutions to small, medium sized businesses and multi-national corporations in the United States and the People's Republic of China. The company currently has offices in Texas, Florida, Missouri, Shanghai and Beijing, China.</p>
<p>Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995: The material contained in this press release may include statements that are not historical facts and are considered "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect TLAN's current views about future events, financial performances, and project development. These "forward-looking" statements are identified by the use of terms and phrases such as "will," "believe," "expect," "plan," "anticipate," and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from TLAN's expectation. These factors are elaborated upon and other factors may be disclosed from time to time in TLAN's past filings with <a href="http://www.pinksheets.com/"><font color="#CC0000">www.pinksheets.com</font></a> and available on its website. TLAN expressly does not undertake any duty to update forward-looking statements.</p> S.i. Systems Acquires Datalist Inc. - Staffing Company Doubles its Size in the GTA and in Key Sectorstag:recruitingblogs.com,2010-09-08:502551:Topic:10743072010-09-08T14:02:17.645ZRebecca B. Sargeanthttps://recruitingblogs.com/profile/RebeccaBSargeant
<div class="mw_release"><p style="TEXT-ALIGN: left"><strong>CALGARY, ALBERTA--(Marketwire - Sept. 1, 2010) -</strong> S.i. Systems has acquired Datalist Inc., a Toronto-based, full-service IT staffing company which locates skilled contract and full-time professionals for Canada's leading employers. S.i. Systems will assume management of the company, while the Datalist name and operations will remain in place.</p>
<p>The purchase of the entire Datalist entity doubles S.i. Systems' market…</p>
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<div class="mw_release"><p style="TEXT-ALIGN: left"><strong>CALGARY, ALBERTA--(Marketwire - Sept. 1, 2010) -</strong> S.i. Systems has acquired Datalist Inc., a Toronto-based, full-service IT staffing company which locates skilled contract and full-time professionals for Canada's leading employers. S.i. Systems will assume management of the company, while the Datalist name and operations will remain in place.</p>
<p>The purchase of the entire Datalist entity doubles S.i. Systems' market presence in Toronto to more than 250 consultants at clients spanning the banking, retail, government and financial services sectors.</p>
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<p>"Not only does this acquisition represent another milestone in our strategy to increase our footprint in the Toronto area, but it also deepens our specialization in banking, financial services, telecommunications and retail sectors," said Derek Bullen, S.i. Systems' company founder and president. "Datalist brings excellent professionals, a deep roster of contractors and leading clients to further enhance our existing strong team and business."</p>
<p>In October, 2009, S.i. Systems advanced its growth strategy in the Greater Toronto Area (GTA) with the opening of new offices in Toronto and Mississauga.</p>
<p>The IT staff contingency sector is about a 3.5 billion dollar industry in Canada. Currently, S.i. Systems is Canada's third-largest provider of permanent and contract IT staffing services.</p>
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<p><strong>About S.i. Systems</strong></p>
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<p>S.i. Systems Partnership (S.i. Systems) is a privately-held national supplier of on-demand IT professional staffing services, and the largest supplier in Western Canada. S.i. Systems was founded during the inception of the IT contracting trend as an end-to-end, on-demand IT professional contracting organization. Since 1994, the company has experienced exponential growth and now operates offices in Calgary, Edmonton, Ottawa, Toronto, Mississauga, Vancouver and Victoria. The company leverages MatchGuide™, a proprietary web-based match-making solution that is fully integrated with S.i. Systems' consultant and client databases, back office and accounting systems. There are now more than 60,000 qualified IT professionals registered in MatchGuide™. The system has a 99 per cent success rate in making the right employer and candidate connections.</p>
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