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COMSYS IT PARTNERS ANNOUNCES FORMATION OF PROCESS SOLUTIONS GROUP
New COMSYS Group Will Offer Integrated BPO Solutions for Human Resource Fulfillment and Management Needs
HOUSTON, TX (February 14, 2008) – COMSYS IT Partners, Inc. (NASDAQ:CITP) today announced the formation of its Process Solutions Group to focus on providing complete resource management solutions for clients, including vendor management systems and services ("VMS"), recruitment process outsourcing ("RPO"), services procurement management ("SPM") and other similar services. These workforce solutions will provide visibility into the resource and vendor selection and management processes to address the challenges of fulfilling and maintaining an effective workforce balance of full-time employees, contingent staff, independent contractors, consultants and outsourced projects. This announcement follows the recent acquisition of TWC Group, a leading Philadelphia-based provider of recruitment process outsourcing and specialty HR consulting services.
"One of our strategic focuses has been the development of a business process outsourcing offering to complement our traditional staffing and consulting businesses, and our new Process Solutions Group will form the cornerstone of that effort," said Larry L. Enterline, COMSYS Chief Executive Officer. "COMSYS' Process Solutions Group will consolidate all people management processes across the company into an integrated set of solutions, with a single point of contact for both vendors and internal constituents. This new group will report to Kip Wright, senior vice president of COMSYS solutions offerings. Although Kip will continue to have responsibility for Managed Solutions, the recent addition of Andy Adams as the head of our Managed Solutions practice areas has positioned Kip to take on this important new responsibility."
Kip Wright added, "The powerful combination of COMSYS' ISO 9001:2000 certified program deployment processes, our extensive experience in vendor and services management and TWC's recruiting and HR industry best practices will facilitate our delivery of high quality suppliers, processes and savings to our customers. I am excited about the opportunity that our Process Solutions Group presents. We expect this group to maximize our prospects in the human capital outsourcing arena, from vendor evaluation and selection to process standardization and the creation of optimal supplier relations. With the talent and resources of our VMS, SPM, RPO and human resource-consulting services consolidated within a set of integrated solutions, we believe that COMSYS will become a leading provider of workforce fulfillment and management services."
With this realignment of service offerings, COMSYS intends to develop a separate brand for its Process Solutions Group that will reflect its focus on complete resource management solutions.
About COMSYS IT Partners
COMSYS IT Partners, Inc. (NASDAQ: CITP) is a leading IT services company with 52 offices across the U.S. and offices in Puerto Rico, Canada and the U.K. COMSYS service offerings include contingent and direct hire placement of IT professionals as well as a wide range of technical services and solutions addressing requirements across the enterprise. The COMSYS Process Solutions Group delivers critical management solutions across the resource spectrum from contingent workers to outsourced services.
About TWC, A COMSYS Company
TWC, A COMSYS Company, is a leading provider of recruitment process outsourcing (RPO) and human resources outsourcing (HRO) services that enable companies to build a competitive advantage through workforce recruitment and retention. From emerging growth firms to Fortune 500 corporations, TWC provides a single point of contact for outsourced recruitment, human resources and executive search, allowing organizations to focus on their own core business by leveraging our expertise in finding the best talent, increasing internal process efficiencies and improving overall retention and performance management. For more than a decade, TWC has been providing human capital solutions for companies in Pharmaceuticals, Chemicals, Biotech, Interactive Marketing / Marketing Services, Information Technology, Software / Services, Financial Services, HealthCare, Manufacturing, Telecommunications, and Wireless. For more information, please visit TWC at www.twcgroup.com.
Forward-looking Statements
Certain information contained in this press release may be deemed forward-looking statements regarding events and financial trends that could affect the Company's plans, objectives, future operating results, financial condition, performance and business. These statements may be identified by words such as "estimate," "forecast," "plan," "intend," "believe," "should," "expect," "anticipate," or variations or negatives thereof, or by similar or comparable words or phrases. Forward-looking statements, by their nature, are subject to a variety of inherent risks and uncertainties that could cause actual results to differ materially from the results projected. Many of these risks and uncertainties cannot be controlled by the Company. For a detailed description of these risks and uncertainties please refer to the Company's filings with the Securities and Exchange Commission available at www.comsys.com.
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