Futurestep, the outsourced recruiting subsidiary of Korn/Ferry International, is buying The Newman Group, a talent acquisition and management-consulting firm located in Philadelphia. The Newman Group will become a wholly owned subsidiary of Futurestep. Ed Newman, founder and CEO of The Newman Group, will continue to lead the firm and will work closely with Futurestep’s global recruitment process outsourcing (RPO) leadership team.
Terms of the sale were not released.
“The Newman Group provides a level of expertise that will help strengthen Futurestep’s position as an outsourced recruitment leader,” said Bob McNabb, CEO of Futurestep.
Founded in 1999, The Newman Group provides consulting services covering all facets of talent management. Talent acquisition and management offerings include strategic analysis and planning; process review and optimization; technology and services evaluation, selection, and implementation; and workforce planning. In addition, the company provides key support services for applicant tracking systems, including customer support, systems administration, and reporting.
“This is a great, strategic fit between two of the leading brands in the RPO and talent management industry,” said Newman. “Our combined suite of solutions is unlike anything currently available in the market. Futurestep now has the capability to handle all aspects of outsourced recruiting from start to finish.”
Founded in 1998, Futurestep focuses on RPO. It has locations in 17 countries across North America, Asia Pacific and Europe. In addition to recruitment process outsourcing, the company’s services include project-based recruitment, interim solutions, and mid-level recruitment.