Futurestep Acquires The Newman Group, Inc., a Leading Talent Acquisition and Management Consulting Firm

LOS ANGELES, June 8 /PRNewswire-FirstCall/ -- Futurestep, the outsourced recruiting subsidiary of Korn/Ferry International (NYSE: KFY), today announced the acquisition of The Newman Group, a world-class talent acquisition and management consulting firm located in Philadelphia, Pennsylvania.

The Newman Group will become a wholly-owned subsidiary of Futurestep. Ed Newman, Founder and CEO of The Newman Group, will continue to lead the firm and will work closely with Futurestep's global Recruitment Process Outsourcing (RPO) leadership team.

"With a comprehensive range of talent acquisition and management solutions, The Newman Group provides a level of expertise that will help strengthen Futurestep's position as an outsourced recruitment leader," said Bob McNabb, CEO of Futurestep.

Founded in 1999, The Newman Group provides consulting services covering all facets of talent management. Talent acquisition and management offerings include: strategic analysis and planning; process review and optimization; technology and services evaluation, selection, and implementation; and workforce planning. In addition, the company provides key support services for applicant tracking systems, including customer support, systems administration and reporting.

"This is a great, strategic fit between two of the leading brands in the RPO and Talent Management industry," said Ed Newman, Founder and CEO of the Newman Group. "Our combined suite of solutions is unlike anything currently available in the market. Futurestep now has the capability to handle all aspects of outsourced recruiting from start to finish."

About Korn/Ferry International

Korn/Ferry International, with more than 70 offices in 40 countries, is a premier global provider of talent management solutions. Based in Los Angeles, the firm delivers an array of solutions that help clients to identify, deploy, develop, retain and reward their talent. For more information on the Korn/Ferry International family of companies, visit

http://www.kornferry.com .

About Futurestep

Founded in 1998, Futurestep serves as Korn/Ferry International's outsourced recruiting subsidiary, focusing on the creation of successful recruitment solutions based on clients' individual workforce needs. Futurestep has locations in 17 countries across North America, Asia Pacific and Europe.

In addition to recruitment process outsourcing, the company's portfolio of services includes project-based recruitment, interim solutions and mid-level recruitment. For more information, visit

http://www.futurestep.com .