Bond International Software Joins Forces with eEmpACT To Form World's Largest Staffing-Software Company; Strategic Move Accelerates Industry Consolidation.RICHMOND, Va. -- Bond International Software today surprised the staffing and recruiting software industry with the announcement that it has joined forces with eEmpACT Software of Bloomington, Minnesota Bloomington is a city in Hennepin County, Minnesota, and a southern suburb of Minneapolis. As of 2005, it had a population of 84,347, making it the largest Twin Cities suburb, and the fifth largest city in the state[1]. . Already the largest international staffing-software company, Bond acquired eEmpACT, effective today. The acquisition drastically dras·tic adj. 1. Severe or radical in nature; extreme: the drastic measure of amputating the entire leg; drastic social change brought about by the French Revolution. 2. increases the combined firm's customer base, making it by far the largest staffing, recruiting and human capital management software vendor in the world. "With eEmpACT the U.S. leader in staffing software and Bond dominating the rest of the world market, together we've created a global powerhouse A fourth-generation language from Cognos that was introduced in the late 1970s for midrange computers. It supports both character-oriented, terminal-based applications as well as Windows clients. Applications developed under PowerHouse can be imported into Cognos' Axiant client/server environment. that no one will be able to compete with," says Bond CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Steve Russell
A publicly held company quoted on the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. and founded in 1973, Bond already supports more than 40,000 staffing professionals in 42 countries worldwide. Its flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , Adapt, is the leading high-end staffing-software solution, just as eEmpACT Essential and eEmpACT Plus are the leaders for entry level and midrange midrange Epidemiology The halfway point or midpoint in a set of observations; for most data, MR is calculated as the sum of the smallest observation and the largest observation, divided by 2; for age data, one is added to the numerator; a midrange is usually clients. "eEmpACT also provides fully integrated front to back office solutions which perfectly complement Bond's top of the line products. This means that the combined group now has a portfolio of product which suits all types of staffing company," says Tim Giehll, who will remain as eEmpACT CEO. "It means that our vision of global industry leadership and vendor consolidation will now be accelerated through the combined financial strengths of these two companies. This will be good for all parties involved - and for the staffing industry as a whole." eEmpACT and Bond have been the most acquisitive companies in the staffing software industry - with eEmpACT acquiring Allegro (operating system) Allegro - The code name for the major Mac OS release due in mid-1998. http://devworld.apple.com/mkt/informed/appledirections/mar97/roadmap.html. Software in 2003 and DataForce in 2004, and Bond acquiring EZaccess in 2004. "The staffing industry is becoming truly global, and this keeps us a step ahead of that industry evolution," says Russell. "It reinforces our commitment to a continual long-term growth strategy and accelerates what we are certain will be a growing consolidation of staffing-software companies over the next few years. "But while we're growing, we're still enhancing our product lines and global service offerings, which are stronger than ever before." About Bond International Software Group Bond International Software Group (www.bondadapt.com) is a pioneer in the development and provision of staffing software, support and consultancy services to the staffing and recruiting industries. Bond has over 120 employees worldwide in its offices in the UK, Australia, South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. and in the US and Canada. Since its foundation nearly 30 years ago, Bond has consistently combined innovation, dedication and market focus to forge ahead of its competitors. Its products and services have achieved prestigious acclaim and are now the market choice of many of the largest and most well respected personnel organizations throughout the world. The Group's consistent, visionary perspective has enabled its network of global users to interpret and manage dynamic, complex markets and realize tangible competitive advantage in the race for human capital. About eEmpACT eEmpACT (www.eempact.com) has enjoyed a strong 14-year history of growth and market leadership in the U.S. staffing industry. The company has over 30 employees in its offices in Minneapolis and Atlanta. Customers currently include eight national accounts and over 1,000 mid-size companies and franchises throughout 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. . eEmpACT delivers the most innovative and fully integrated front- and back-office human-capital management solution on the market today. It is designed to help temporary staffing services, direct-hire recruiting companies, consulting firms Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a and corporate human-resource departments improve productivity and deliver a higher level of service to their customers and employees. Integrated with Microsoft technology, eEmpACT provides a comprehensive order-placement and resume search system along with powerful accounting and business management technology and can be used in a variety of networking environments, including Citrix thin-client, Terminal Server, and Windows 200X. Information Regarding Forward Looking Statements: This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . The statements regarding Bond International Software Group contained in this release that are not historical in nature, particularly those that utilize terminology such as "may," "will," "should," "likely," "expects," "anticipates," "estimates," "believes" or "plans," or comparable terminology, are forward-looking statements based on current expectations and assumptions, and entail entail, in law, restriction of inheritance to a limited class of descendants for at least several generations. The object of entail is to preserve large estates in land from the disintegration that is caused by equal inheritance by all the heirs and by the ordinary various risks and uncertainties that could cause actual results to differ materially from those expressed in such forward-looking statements. Important factors known to Bond International Software Group that could cause such material differences are identified and discussed from time to time in Bond International Software Group's filings with the London Stock Exchange. Bond International Software Group undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise. You are advised, however, to consult any future disclosure Bond International Software Group makes on related subjects in future reports to the London Stock Exchange. |
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