Hudson RPO Makes Singapore Acquisition
01 Novembre 2023 - 1:30PM
Hudson Global, Inc. (the “Company” or “Hudson RPO”) (Nasdaq: HSON),
a leading global total talent solutions company, announced today
the acquisition of Hudson Global Resources (Singapore) Pte Ltd
(“Hudson Singapore”), a provider of recruitment services primarily
to clients operating in Singapore. Hudson Singapore has a 30-year
track record of senior placements and project recruitment work
across Southeast Asia including Singapore, Malaysia, the
Philippines, Vietnam, Thailand, and Indonesia.
“We are very excited to welcome the Hudson
Singapore team to Hudson RPO and believe this accretive combination
will generate considerable value for our clients, team, and
stockholders,” said Jeff Eberwein, Chief Executive Officer of the
Company. “We believe a multi-service, total talent strategy
consisting of recruitment services, contracting, project work, RPO,
and MSP is essential to accelerate our growth in Asia, where RPO
adoption has lagged that of other regions, and Hudson Singapore
brings to Hudson RPO the complement of capabilities needed to
execute on this strategy. Together, we believe we can achieve our
Asia growth goals through cross-selling Hudson RPO’s services among
Hudson Singapore’s diverse, blue chip client base as well as
leveraging our recognition as a larger, full-service Asia
enterprise to win new business and gain share in this important
market.”
Mr. Eberwein continued, “Today’s announcement
represents the continuation of our disciplined approach to pursuing
accretive bolt-on acquisitions that strategically expand Hudson
RPO’s capabilities and capacity.”
About Hudson Global
Hudson Global, Inc. is a leading total talent
solutions provider operating under the brand name Hudson RPO. We
deliver innovative, customized recruitment outsourcing and total
talent solutions to organizations worldwide. Through our
consultative approach, we design tailored solutions to meet our
clients’ strategic growth initiatives. As a trusted advisor, we
meet our commitments, deliver quality and value, and strive to
exceed expectations.
For more information, please visit us
at hudsonrpo.com or contact us at ir@hudsonrpo.com.
Investor Relations:The Equity GroupLena Cati212
836-9611lcati@equityny.com
Forward-Looking Statements
This press release contains statements that the
Company believes to be "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
Section 21E of the Securities Exchange Act of 1934, as amended, and
the Private Securities Litigation Reform Act of 1995. All
statements other than statements of historical fact included in
this press release, including statements regarding the Company's
future financial condition, results of operations, business
operations and business prospects, are forward-looking statements.
Words such as “anticipate,” "estimate," "expect," "project,"
"intend," "plan," "predict," "believe" and similar words,
expressions and variations of these words and expressions are
intended to identify forward-looking statements. All
forward-looking statements are subject to important factors, risks,
uncertainties, and assumptions, including industry and economic
conditions that could cause actual results to differ materially
from those described in the forward-looking statements. Such
factors, risks, uncertainties and assumptions include, but are not
limited to, global economic fluctuations; rising inflationary
pressures and interest rates; the adverse impacts of the
coronavirus, or COVID-19 pandemic; the Company’s ability to
successfully achieve its strategic initiatives; risks related to
potential acquisitions or dispositions of businesses by the
Company; the Company’s ability to operate successfully as a company
focused on its RPO business; risks related to fluctuations in the
Company's operating results from quarter to quarter; the loss of or
material reduction in our business with any of the Company’s
largest customers; the ability of clients to terminate their
relationship with the Company at any time; competition in the
Company's markets; the negative cash flows and operating losses
that may recur in the future; risks relating to how future credit
facilities may affect or restrict our operating flexibility; risks
associated with the Company's investment strategy; risks related to
international operations, including foreign currency fluctuations,
political events, natural disasters or health crises, including the
COVID-19 pandemic, the Russia-Ukraine war, and the Hamas-Israel
war; the Company's dependence on key management personnel; the
Company's ability to attract and retain highly skilled
professionals, management, and advisors; the Company's ability to
collect accounts receivable; the Company’s ability to maintain
costs at an acceptable level; the Company's heavy reliance on
information systems and the impact of potentially losing or failing
to develop technology; risks related to providing uninterrupted
service to clients; the Company's exposure to employment-related
claims from clients, employers and regulatory authorities, current
and former employees in connection with the Company’s business
reorganization initiatives, and limits on related insurance
coverage; the Company’s ability to utilize net operating loss
carry-forwards; volatility of the Company's stock price; the impact
of government regulations; restrictions imposed by blocking
arrangements; and a material weakness in our internal control over
financial reporting that could have a significant adverse effect on
our business and the price of our common stock. Additional
information concerning these, and other factors is contained in the
Company's filings with the Securities and Exchange Commission.
These forward-looking statements speak only as of the date of this
document. The Company assumes no obligation, and expressly
disclaims any obligation, to update any forward-looking statements,
whether as a result of new information, future events or
otherwise.
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