SEATONCORP REPORTS 6% TOP LINE ORGANIC GROWTH IN Q3
- New Client Signings Drive Growth
Chicago ,
IL
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October 13, 2008 -
SeatonCorp, a Chicago-based staffing and recruiting firm, reported 6% year-over-year organic revenue growth in Q3 for two of its core businesses - PeopleScout and Staff Management. Q3 also marked the second quarter in a row where PeopleScout achieved significant sequential quarter-over-quarter growth.
PeopleScout, a leading provider of end-to-end recruitment process outsourcing (RPO) and employee retention solutions, reported its growth was largely driven by existing client scope expansions and adding several new, multi-million dollar client signings in 2008. Staff Management, a pioneer in high-volume, vendor-on-premise (VOP) staffing solutions, reported its growth was fueled by adding over a dozen multi-million dollar clients in 2008.
"Softened hiring conditions at a handful of key clients were more than offset by adding several new clients," said Patrick Beharelle, SeatonCorp's Chief Operating Officer. "We are pleased with SeatonCorp's healthy growth rate in Q3 and remain optimistic, particularly for RPO and Vendor-On-Premise services."
"PeopleScout and Staff Management continue to deliver solid growth and stability in an industry that has significant growth challenges," said Michael Miles, SeatonCorp's Chief Executive Officer. "The team has done a tremendous job bringing in new clients and expanding relationships with our existing clients."
About PeopleScout
PeopleScout is a division of SeatonCorp, a best-in-class staffing and recruiting company recently named by Crain's Chicago Business as one of Chicago's largest privately held companies. PeopleScout is a leading provider of recruitment process outsourcing (RPO) services aimed at helping companies with their exempt and non-exempt hiring needs. The firm's suite of services includes RPO, employment branding, on-boarding, and employee retention. Annually, PeopleScout facilitates over 184,000 hires via partial-cycle RPO engagements and end-to-end RPO engagements. Industries served include airline, financial services, telecommunications, retail, utilities, insurance, pharmaceutical, and transportation.
PeopleScout's clients include some of the more recognizable names in the Fortune 500 list of companies. PeopleScout has succeeded in being selected for four consecutive years to HRO Today Magazine's Baker's Dozen - the closely watched list of industry - leading RPO providers - as well as being named #1 in large deal capabilities. The firm also has also been recognized as the #1 RPO Provider by The Black Book of Outsourcing on its "2008 Top Ten HRO: Recruitment Process Outsourcing/RPO" list. For more information, please visit us at www.peoplescout.com or call 800-966-4803.
For More Information
Gerry Sullivan
Vice President, Solutions Development
(312) 915-5036
gsullivan@peoplescout.com
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