Multi-process HRSourcing

HRO Industry Veteran Acquires HRO Today, HRO Europe, FAO Today Magazines and Online Properties

Roseland, NJ and Newtown, PA (April 3, 2007) – Crossing Media, LLC CEO Elliot Clark today announced the acquisition of HRO Today, HRO Europe, and FAO Today magazines and their online properties from Outsourcing Today, LLC founders Harry Feinberg and Jay Whitehead. HRO Today and HRO Europe together represent one of the world’s largest and fastest-growing HR trade media groups, and FAO Today is the market leader in the outsourced finance and accounting market.

Clark, 45, was most recently COO of HRO service provider Kenexa. He was a key member of the team that took the company public in 2005. “I have been an advertiser and reader of the magazines for years,” Clark said. “The market for outsourcing services continues to expand exponentially as a business strategy in the global economy. Outsourcing Today provides the best worldwide coverage in the space through its U.S. and European magazines and online properties.”

Harry Feinberg, Outsourcing Today, LLC chairman and CEO, who will now focus on consulting to outsourcing companies on merger and acquisitions, said, “It is appropriate that the media that established HR and finance and accounting outsourcing as popular strategic tools be owned by a strategic visionary in business process outsourcing. Advertisers and readers will benefit tremendously from Elliot’s industry knowledge and energy.”

Day-to-day management of HRO Today, HRO Europe, and FAO Today and their online counterparts will remain in place. Jay Whitehead will remain as publisher, with Andy Teng as editor and Gale Tedeschi as managing publisher. Operations will remain headquartered in Roseland, NJ.

“Demand for deep domain information in both print and online is growing tremendously in both HRO and FAO fields among strategic-level executives,” Clark said. “I expect especially robust growth in the online area.”

Publisher Jay Whitehead reports that Outsourcing Today’s online revenues are already up 300 percent from 2006 to 2007. “Demand for online content—e-newsletters, webinars, and streaming video—is surpassing our wildest expectations,” Whitehead said.

About Crossing Media, LLC
Crossing Media was founded in 2007 by Clark to acquire the media assets of Outsourcing Today, LLC—HRO Today, HRO Europe, FAO Today, and their online assets HROToday.com, HROEurope.com, and FAOToday.com. Crossing Media is focused on innovations in bridging information gaps between buyers and sellers of business services. The company is based in Newtown, PA with additional offices in Roseland, NJ and a new office scheduled to open shortly in Europe.

About Outsourcing Today, LLC
Founded in 2002 by media veterans Harry Feinberg and Jay Whitehead, the company launched the most successful media properties in the $100 billion business process outsourcing industry, including HRO Today, HRO Europe, and FAO Today Magazines (acquired by Crossing Media in 2007) and the HRO World conferences (acquired by LRP Publications in 2006). The company continues to innovate with investments in B2B media properties in the $32 billion corporate responsibility market and other industry segments. The company is based in Roseland, NJ.

Media Contact: Andy Teng, Editor, Outsourcing Today, 973-439-0060, ext 114.

Tags: Multi-process HR, Sourcing

Related Articles

Menu