Private equity firm acquires Frank Recruitment Group

Private equity firm TPG Growth acquired Frank Recruitment Group, a UK-based niche recruitment firm for IT professionals who specialize in enterprise software.

Terms were not disclosed, but TPG Growth acquired a majority stake in FRG from its founders and UK-based mid-market private equity firm Livingbridge,...

People: IDR, Lucas, Penrhyn, Artisan Talent

IDR Inc., an IT staffing firm headquartered in Atlanta, named Jeff Holmes as chief operations officer. This is a new position within the company. He will assume responsibility for day-to-day operations and report directly to founder and CEO Eric French. Holmes previously spent 10 years with Allegis Group...

International Daily News to resume Tuesday

The Staffing Industry Daily News for Europe and the rest of the globe will not be published Monday. Those two products will resume on Tuesday.

On Assignment Q1 revenue beats forecast

On Assignment Inc. (NYSE: ASGN) reported first-quarter revenue rose to $582.0 million, beating the top end of its forecast of $555.0 million and marking the fourth consecutive quarter of accelerating revenue growth.

Revenue rose 35.3% year over year in the first quarter. However, revenue rose 17.7% on...

Hudson Q1 revenue falls 14% in constant currency, net loss narrows

Hudson Global Inc. (NASD: HSON) reported first-quarter revenue fell 14.4% in constant currency to $101.2 million. However, revenue edged up 0.4% on a constant-currency basis when excluding the Americas IT business, which it sold it to Mastech Holdings Inc. (NYSE MKT: MHH) last June; its Netherlands business,...

ADP reports PEO revenue up 16%

PEO revenue rose 16% at ADP (NASD: ADP) in the company’s 2016 fiscal third quarter ended March 31. Average worksite employees paid by PEO services rose 14% for the quarter to approximately 422,000.

The PEO services segment’s margin increased approximately 50 basis points over last year’s third quarter,...

Labor SMART adjusted, comparable revenue up in Q1

Labor Smart (OTCBB: LTNC), an industrial staffing provider serving primarily the southeastern US, reported first-quarter organic revenue rose 10% year over year to $3.28 million based on adjusted comparable revenue.

However, system-wide unadjusted non-comparable revenue fell to $3.33 million from $4.71...

GDP edges up 0.5% in Q1, lowest rate in two years

US real gross domestic product increased at an annual rate of 0.5% in the first quarter, the slowest rate since the first quarter of 2014, according to an “advance” estimate issued today by the US Bureau of Economic Analysis.

Real GDP increased 1.4% in the fourth quarter of 2015.

Slow growth last quarter...

Jobless claims average falls 4,750 to lowest level since 1973

The US four-week moving average of initial claims for unemployment insurance fell to 256,000 last week, down 4,750 from the previous week’s average, according to seasonally adjusted numbers released today by the US Department of Labor. This is the lowest level for this average since Dec. 8, 1973 when...

Exploring direct sourcing? Understand the talent pool — CWS 3.0

Self-sourcing of contingent talent is gaining traction. In a new CWS 3.0 newsletter article, Staffing Industry Analysts’ Adrianne Nelson, CCWP, director of global services, discusses what you need to know before taking that step.