Hudson RPO Acquires Executive Solutions
12 Marzo 2024 - 1:30PM
Hudson RPO, a leading global total talent solutions company owned
by Hudson Global, Inc. (the “Company”) (NASDAQ: HSON), announced
today its acquisition of Executive Solutions, a Dubai-based talent
solutions company. This acquisition provides the Company access to
the large and rapidly growing United Arab Emirates (UAE) market and
is expected to close later this month.
“The team at Executive Solutions is well known
in the region for providing outstanding results for companies that
see a competitive advantage in broadening their presence in the
Middle East,” said Jacob Zabkowicz, Global CEO of Hudson RPO. “This
acquisition will give our clients across the globe confidence that
we can find and place the best talent in UAE and the Middle East
region for their strategic business needs. We look forward to
working with the deeply experienced and well-regarded Executive
Solutions team to serve our combined client base on a global
scale.”
"The acquisition of Executive Solutions further
expands our global footprint and client base, and brings
significant value to our shareholders,” added Jeff Eberwein, CEO of
Hudson Global. “We are excited to expand our footprint in the
Middle East market and participate in the significant growth
opportunities this region has to offer as we continue to execute
our strategy of global expansion through organic and inorganic
growth.”
Following the completion of the acquisition,
Executive Solutions will be named “Executive Solutions: A Hudson
RPO company.”
About Hudson RPOHudson RPO is a
leading global provider of flexible and scalable total talent
solutions. At Hudson RPO, people, process, and technology come
together to ignite transformative change at mid-market and
enterprise-level organizations worldwide. Taking a consultative and
collaborative approach, we partner with talent acquisition, HR, and
procurement leaders around the globe to build diverse, high-impact
teams and drive business success. Learn more at hudsonrpo.com.
About Hudson Global, Inc.Hudson
Global, Inc. (Nasdaq: HSON) owns and manages Hudson RPO, a leading
global total talent solutions provider.
For more information, please visit us at
hudsonrpo.com or contact us at ir@hudsonrpo.com.
About Executive
SolutionsEstablished in 2008, Executive Solutions has a
track record of assisting organizations in finding and placing the
best candidates for a wide range of roles across industries. The
company is adept at the outsourcing of both long- and short-term
volume recruitment, rapid growth projects, special projects,
overseas campaigns, and Emiratization.
Investor RelationsThe Equity
GroupLena Cati212 836-9611 / lcati@equityny.comKatie Murphy212
836-9612 / kmurphy@equityny.com
Forward-Looking StatementsThis
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; 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 due to various factors such as rising
inflationary pressures and interest rates; 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
Russia-Ukraine war, the Hamas-Israel war, and potential conflict in
the Middle East; 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 carryforwards; volatility of the Company’s stock
price; the impact of government regulations; restrictions imposed
by blocking arrangements; risks related to the use of new and
evolving technologies; and the adverse impacts of cybersecurity
threats and attacks. 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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