CDI Corp., Personic Inc. Extend Strategic Relationship Targeted Toward Enhancing CDI's Recruiting Effectiveness.Business Editors BRISBANE Brisbane (brĭz`bən), city (1991 pop. 1,145,537), capital of Queensland, E Australia, on the Brisbane River above its mouth on Moreton Bay. , Calif.--(BUSINESS WIRE)--Feb. 8, 2000 Staffing and outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. leader CDI CDI compact disc interactive: a system for storing a mix of software, data, audio, and compressed video for interactive use under processor control Corp. (NYSE NYSE See: New York Stock Exchange :CDI) and Personic Inc., a global provider of eSolutions for recruiting, today announced the completion of a five-year, multi-million-dollar agreement, which represents the biggest sale in Personic history and further extends a strategic relationship between the two companies. CDI, which began using Personic's EZaccess(tm) product in 1996, currently has 1,000 active users. The agreement will expand implementation of the product to an additional 10,000 desktops worldwide over the course of the next five years at CDI divisions and subsidiary companies. &uot;The ability to easily access, manage and use information is a key requirement for CDI. Personic products support our focus on increasing our effectiveness and efficiency in very quickly matching candidates with opportunities, as well as our focus on implementing common systems company-wide that will support future CDI e-business initiatives,&uot; said CDI Chief Information Officer Ray Barratt. Personic's EZaccess product suite provides the ability to effectively manage and track both candidate and customer data throughout the placement process. EZaccess emulates the work flow of a staffing company from start to finish, from receiving resumes and job orders, matching and placing candidates and generating customized management reports. By automating the entire process, time-to-placement and cost-per-placement are significantly reduced, enabling recruiters to make more placements. &uot;This sale is very significant to Personic. We believe that this is the biggest deal ever signed in our industry for recruiting software and, as such, shows the confidence that CDI has in our ability to further enhance its productivity in this mission-critical area of its business,&uot; said Mike Silvester, Senior Vice President of Worldwide Sales for Personic. CDI, which currently uses EZaccess in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and the United Kingdom, will be able to deploy the product to other countries as well. Personic is one of the few technology providers today with multi-lingual staffing software. &uot;The ability to do business globally is increasingly a requirement for staffing companies who serve multi-national customers. EZaccess software will support our ability to do this,&uot; Barratt said. Company Information Philadelphia-based CDI Corp., one of the world's largest staffing and outsourcing service providers, increases the productivity and competitiveness of its Fortune 1,000 customers through customized technical, information technology, professional and administrative staffing and outsourcing solutions delivered by CDI companies including Management Recruiters International and Todays Staffing. CDI employs 31,000 people and generated $1.54 billion in revenue in 1998. For more information about CDI services and employment opportunities, visit the CDI Corp. Web site at www.cdicorp.com. Personic Inc. is a global provider of eSolutions for professional recruiters and hiring managers seeking to leverage the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the for their hiring needs. Personic's Web solutions, services and software automate To turn a set of manual steps into an operation that goes by itself. See automation. the process of attracting, qualifying, hiring and retaining a superior workforce. Currently, Personic's flexible solutions are helping more than 45,000 professionals at 575 organizations worldwide find top talent and reduce time and cost to hire while increasing revenue and profitability. Personic, a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. founded in 1994, is headquartered in Brisbane, California Brisbane is a small city located in the northern part of San Mateo County, California. It is on the eastern edge of South San Francisco next to the San Francisco Bay and near the San Francisco International Airport. The population was 3,597 at the 2000 census. , with regional offices in Atlanta, Chicago, London, and Sydney. For more information, please visit http://www.personic.com/. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Certain information in this news 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. as such term is defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Certain forward-looking statements can be identified by the use of forward-looking terminology such as &uot;believes,&uot; &uot;expects,&uot; &uot;may,&uot; &uot;will,&uot; &uot;should,&uot; &uot;seeks,&uot; &uot;approximately,&uot; &uot;intends,&uot; &uot;plans,&uot; &uot;estimates,&uot; or &uot;anticipates&uot; or the negative thereof or other comparable terminology, or by discussions of strategy, plans or intentions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These include risks and uncertainties such as competitive market pressures, material changes in demand from larger customers, availability of labor, the company's performance on contracts, changes in customers' attitudes towards outsourcing, government policies or judicial decisions adverse to the staffing industry, changes in economic conditions, unforeseen events associated with the disposition of discontinued operations Discontinued operations Divisions of a business that have been sold or written off and that no longer are maintained by the business. , delays or unexpected costs in making modifications to existing software and converting to new software to resolve issues related to Year 2000 and failure of third parties to provide Year 2000 compliant a. 1. (Computers) having dates fully and properly represented, and not susceptible to failure due to the year 2000 bug. products and services. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" . The company assumes no obligation to update such information. |
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