NEW YORK, June 16, 2015 (GLOBE NEWSWIRE) -- Hudson Global, Inc. (Nasdaq:HSON), a leading global talent solutions company, announced today that it has completed the previously announced sale of its Americas IT staffing business to Mastech, Inc.
The terms of the agreement include a $17 million cash purchase price paid at closing and approximately $3 million of working capital of the Americas IT staffing business retained by Hudson.
The sale is consistent with Hudson’s strategy to focus on its core businesses to accelerate growth, drive towards sustained profitability and increase the value of the company for its stockholders.
Hudson is a global talent solutions company with expertise in leadership and specialized recruitment, recruitment process outsourcing, talent management and contracting solutions. We help our clients and candidates succeed by leveraging our expertise, deep industry and market knowledge, and proprietary assessment tools and techniques. Operating in nearly 20 countries through relationships with millions of specialized professionals, we bring an unparalleled ability to match talent with opportunities by assessing, recruiting, developing and engaging the best and brightest people for our clients. We combine broad geographic presence, world-class talent solutions and a tailored, consultative approach to help businesses and professionals achieve higher performance and outstanding results. More information is available at Hudson.com.
Contact: David F. Kirby Hudson 212-351-7216 firstname.lastname@example.org
Source:Hudson Global, Inc.