Coldwell Banker Relocation Services acquires Bennett Associates, leading intercultural training and consulting firm.MISSION VIEJO Mission Vi·e·jo A community of southern California southeast of Irvine. It is mainly residential. Population: 96,300. , Calif.--(BUSINESS WIRE)--Sept. 18, 1996--Coldwell Banker Relocation Services Relocation services or "employee relocation" includes a range of internal business processes that are engaged to transfer employees (and often their families) or entire departments of a business to a new work location. , Inc., a subsidiary of HFS (Hierarchical File System) The file system used in the Macintosh. The first version, known as "Mac OS Standard," was introduced in 1985. HFS+, an enhanced version, came out in 1998 in preparation for the upcoming Mac OS X operating system. , Inc. (NYSE NYSE See: New York Stock Exchange :HFS), announced today that it has acquired Chicago-based Bennett and Associates, Inc., a leading intercultural training and consulting firm 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 . With the acquisition, Coldwell Banker will provide multinational corporations
"Bennett Associates is recognized as a pioneer in this extremely specialized, high growth field," said Stephen C. Roney, president and chief executive officer of Coldwell Banker Relocation Services, Inc. "Their services are a strong complement to our already significant expertise in expatriate mobility management. Together we bring a comprehensive and integrated product to our global clients." Bennett Associates currently provides services to more than 80 multinational corporations. The company will retain its name and will act as an operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of Coldwell Banker Relocation Services. Founders of Bennett Associates, Rita Bennett and Martin Bennett, will join Coldwell Banker's management team and will continue in their current capacities. Rita will be managing director of intercultural services and Martin will be director of training and development. Bennett Associates will continue to be based in Chicago and there are no plans for staffing changes. "The field of intercultural training and development is critical in a global business environment," said Rita Bennett. "By joining forces with Coldwell Banker, we can integrate our specialized expertise into a company with the largest market share in international mobility services." Bennett Associates provides a full range of global workforce development services including multicultural team-building programs, cultural awareness workshops, and country- and region-specific business briefings. To assist employees on international assignment, the company offers intercultural training and orientation services, assessment programs, dual career assistance, crisis intervention crisis intervention Psychiatry The counseling of a person suffering from a stressful life event–eg, AIDS, cancer, death, divorce, by providing mental and moral support. See Hotline. , and repatriation Repatriation The process of converting a foreign currency into the currency of one's own country. Notes: If you are American, converting British Pounds back to U.S. dollars is an example of repatriation. programs. Through a network of more than 6,500 area specialists, Bennett Associates can provide pre-departure training as well as ongoing assistance at the new location. Corporate clients of Coldwell Banker Relocation Services will also be able to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the global opportunities presented by its parent company HFS, which has more than 5,300 hotal franchises and more than 11,200 franchised residential real estate brokerage offices in the United States, Canada, Puerto Rico, Mexico, Asia Pacific, Europe and Africa. Coldwell Banker Relocation Services, Inc., is the leading provider of fully outsourced relocation services to corporate clients worldwide. In 1996, the company will assist more than 40,000 transferring employees moving to over 70 countries. Coldwell Banker Relocation Services can provide local, on-the-ground support and settling-in services in more than 300 locations worldwide through the company's European offices and through Coldwell Banker's GlobalNet(tm), a member network of international destination services companies. Coldwell Banker Relocation Services is a subsidiary of HFS Incorporated (NYSE:HFS), the world's largest franchisor of hotels and residential real estate brokerage offices. CONTACT: Coldwell Banker Relocation Services, Mission Viejo Hugh Siler, 714/367-2486 |
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