SeatonCorp, a Chicago-based staffing and recruiting firm that operates under the Staff Management, PeopleScout, and StudentScout brands, reported fourth quarter 2010 revenue increased 39 percent year-over-year. Earnings were up 64 percent in Q4, largely due to several new multi-million dollar client signings and scope/volume expansions.
Staff Management, a leader in vendor on premise staffing and managed service Provider (MSP) solutions, added more than $91 million in incremental revenue growth largely due to volume increases at existing clients and new client signings. Staff Management continues to expand its international footprint by implementing new MSP engagements in North America, Asia, Europe, and South America.
PeopleScout, a leading recruitment process outsourcing (RPO) provider delivered 69 percent year over year revenue growth. During 2010, PeopleScout signed 21 new RPO engagements, its highest total ever in a single year. Additionally, PeopleScout achieved 100 percent client retention in 2010.
StudentScout, a leading provider of student admission support for the post-secondary education industry, achieved 20 percent revenue growth in Q4. StudentScout added several dozen campuses for which it provides admissions support.
"No doubt, 2010 represented the best year in company history on virtually every dimension – revenue growth, earnings growth, new client signings, client retention, and client satisfaction scores," said Patrick Beharelle, SeatonCorp’s CEO.
