Adecco Acquires Leading Australian Information Technology Consultancy, F&S Management Services.MELBOURNE, Australia--(BUSINESS WIRE)--Oct. 20, 1998-- F&S Management Services Joins Adecco Under the Ajilon Brand Name, Pushing Adecco to the Number Two Spot for Specialized IT Consulting and Placement Services in Australia Adecco Australia, the Australian division of Adecco SA, world's leading integrated staffing and career services firm, today announced the acquisition of Melbourne-based information technology consultancy F&S Management Services (F&S MS). F&S MS will operate under Adecco's International IT brand name, Ajilon. F&S will complement Adecco's Australian IT staffing business with its managed service focus by providing services in the areas of business system deployment The deployment of a mechanical device, electrical system, computer program, etc., is its assembly or transformation from a packaged form to an operational working state. Deployment implies moving a product from a temporary or development state to a permanent or desired state. and Year 2000 business systems impact. It will also provide systems planning, enterprise and process modeling, and systems operations and maintenance services similar to other operations of Ajilon, the wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Adecco operating in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and worldwide. Under the new arrangement, F&S MS will retain the management team that has brought it success in the region and will continue to benefit from a close partnership with Icon Recruitment, Adecco Australia's wholly-owned IT staffing subsidiary. F&S MS and Icon combined propel Adecco into the number two spot for specialist IT staffing and managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality in Australia. Together, the two companies make up nearly 20% of Adecco's worldwide IT revenues for that service sector. "The inclusion of F&S MS into Adecco is another important step in our strategy to provide clients with full-scale IT project staffing and management services," said John P. Bowmer, Chief Executive Officer of the parent firm Adecco SA. "Under the Ajilon brand name F&S MS, together with Icon Recruitment will expand our market presence throughout Asia and will provide a platform to provide high value services for the rapidly growing IT market." Since 1993, F&S Management Services has been one of Australia's fastest growing specialist IT consultancy businesses. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. F&S MS Consulting director Allan Sinclair, "In joining Adecco, we saw the opportunity to greatly strengthen our company's capabilities and the level of service we can offer our client businesses. We have been growing rapidly, and expect to continue to do so with even greater effectiveness as a part of the Adecco group." Ajilon, a full service provider of information technology services, is currently doing business in the United States, Canada, United Kingdom and Australia through a network of nearly 50 offices. Ajilon Services, Inc. is a division of Adecco SA. Icon Recruitment is Adecco's Australian information technology service provider, doing business in all major centres throughout Australia and New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. . Adecco SA is the global leader in integrated employment services, bringing people to jobs and jobs to people through its network of 3,000 offices in 48 countries around the world. Registered in Switzerland, and managed by a multinational team with expertise in markets spanning the globe, Adecco delivers an unparalleled range of flexible staffing and career resources to corporate clients and qualified associates. Adecco provides its business clients with temporary and full-time clerical and light industrial associates while Adecco's branded subsidiaries address specialized staffing requirements: Accountants on Call for clerical accounting assistance; Ajilon for high-end information technology consulting Information technology consulting (IT consulting or business and technology services) is a field that focuses on advising businesses on how best to use information technology to meet their business objectives. and staffing solutions; and, Lee Hecht Harrison for outplacement out·place·ment n. The process of facilitating a terminated employee's search for a new job by provision of professional services, such as counseling, paid for by the former employer. and career management services. Clients retain these and other Adecco services through local, national and international contracts. The company was formed in August, 1996 by the merger of Adia SA of Switzerland and Ecco SA of France. In 1997, the company's revenues grew 34 percent to 11.432 billion Swiss francs. Adecco SA is listed on The Swiss Exchange Swiss Exchange The major securities market of Switzerland. (ADECCO I (ADE -136973); ADECCO PS (ADEP ADEP Association d'Entraide des Polios et Handicapés ADEP Accelerated Degree Evening Program ADEP Accelerator-Driven Energy Production ADEP Avionics Document for Execution & Planning ADEP Automatic Depth Control - 136963)), the Bourse bourse (b  rs), term applied to a European stock exchange. The first international bourse was established in Antwerp in the 16th cent. de Paris (RM 12819) and Nasdaq (ADECY).
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