CDI Corp. (CDI) Misses Q2 EPS by 1c
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CDI Corp. Announces Formation of Congruent Talent, a Minority-Owned Recruitment Services Company
August 5, 2015 8:10 PM EDTPHILADELPHIA, Aug. 5, 2015 /PRNewswire/ --Â CDI Corp. (NYSE: CDI) announced today that CDI and two corporate partners have signed a memorandum of understanding to join forces and deliver industry leading capabilities to Congruent Talent, a newly formed minority-owned company. Â Congruent Talent, with the support of its corporate partners, will provide U.S. companies with skilled technical and professional IT and engineering talent. Partnering with Congruent Talent will be Acro Service Corp. (Acro), Mastech Inc. (NYSE MKT: MHH) and CDI. Additionally, CDI will own a 49 percent interest in... More
CDI to Acquire ScaleneWorks, an India-Based Talent Acquisition Solutions Company
August 5, 2015 8:05 PM EDTPHILADELPHIA, Aug. 5, 2015 /PRNewswire/ --Â CDI Corp. (NYSE: CDI) announced today that it has entered into a definitive agreement to acquire ScaleneWorks People Solutions LLP, a privately held, emerging leader in talent acquisition solutions in India. Financial terms of the transaction were not disclosed. The closing is subject to certain conditions, including regulatory approval by Indian authorities. The acquisition is expected to be immediately accretive to adjusted earnings when completed, but not material to current year financial performance.
Founded in 2010, ScaleneWorks provides enterprise and task recruitment and recruitment process outsourcing... More
CDI Corp. Reports Second Quarter 2015 Results
August 5, 2015 8:00 PM EDTPHILADELPHIA, Aug. 5, 2015 /PRNewswire/ --Â CDI Corp. (NYSE: CDI) (the "Company") today reported results for the second quarter ended June 30, 2015.
"We continue to make progress on the key elements of our transformation. The impact of our initiatives is not yet evident in our financial results, nor do these results reflect the potential of CDI," said Scott J. Freidheim, Chief Executive Officer and President. "Our performance improvement program continues, with new talent additions, enhancements to our operating processes and systems, and advances in client service relationships. In addition, we continue to... More
