PHILADELPHIA, Aug. 5, 2015 /PRNewswire/ -- 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. 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 Congruent Talent.
Congruent Talent is being formed to uniquely serve large
enterprises by unifying the fulfillment capability of multiple
leading recruitment organizations. Congruent Talent will offer a
scalable and efficient mechanism for large clients to deliver on
skilled talent requirements while meeting their supplier diversity
program goals.
CDI will contribute managed service provider (MSP), vendor
management systems (VMS) and operational support to Congruent
Talent. Fulfillment capability will be provided by Acro and
Mastech, as well as by CDI. Both Acro and Mastech are certified by
the National Minority Supplier Development Council.
"Together, we are creating a minority-owned company that will,
on day one, offer industry-leading staffing capabilities," said
Scott J. Freidheim, CEO and
President of CDI. "We look forward to playing our part in
supporting Congruent Talent."
"In collaboration with our partners, Congruent Talent will be
able to deliver on the most sophisticated and demanding client's
requirements," said Congruent Talent CEO and President Jonathan Jackson. "I am proud to be leading such
a unique organization dedicated to enabling enterprise supplier
diversity program objectives."
Ron Shahani, President and CEO of
Acro Service Corp., said, "Congruent Talent opens doors to new
opportunities in national markets for diversity staffing services.
Congruent Talent's partners contribute resources, experience and
expertise that combine to create an organization with unrivaled
abilities to serve the diversity staffing needs of large
enterprises throughout the U.S."
Mastech President and CEO Kevin
Horner said, "We are excited about this opportunity to
partner with Congruent Talent as a provider of recruitment support
services and are committed to leveraging our recruitment-centric
business model to meet Congruent's fulfillment needs."
About CDI
CDI Corp. (NYSE: CDI) provides
client-focused engineering, information technology and staffing
solutions. Our customers operate in a variety of industries,
ranging from Oil, Gas & Chemicals to Aerospace & Industrial
Equipment, and High Technology, and include corporate, federal,
state and municipal entities. We serve customers through offices
and delivery centers in the United
States, Canada and the
United Kingdom. We also provide
staffing services through our global MRINetwork® of franchisees.
Learn more at www.cdicorp.com
About Acro Service Corp.
Acro Service Corp. is one of
the nation's largest staffing companies, offering expert solutions
in: staff augmentation, managed service provider (MSP) programs,
and vendor management systems (VMS). Through Acro's commitment to
quality, responsible management and industry-leading best
practices, Acro has achieved a flawless record of growth and
profitability since opening its doors in 1982. Acro currently has
28 U.S. offices, and six international offices. Acro is among the
nation's largest certified minority business enterprises and is a
Corporate Plus® Member of the National Minority Supplier
Development Council. To learn more, go to www.acrocorp.com
About Mastech, Inc.
Leveraging the power
of 29 years of
IT experience, Mastech (NYSE MKT: MHH)
provides Information Technology Staffing services in
the disciplines which drive today's business
operations. More information about Mastech can be
found at www.mastech.com
Caution Concerning Forward-Looking Statements
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of
1995. All statements that address expectations or projections
about the future, including, but not limited to, statements about
our strategies for growth and future financial results (such as
revenue), are forward-looking statements. Some of the
forward-looking statements can be identified by words like
"anticipates," "believes," "expects," "may," "will," "could,"
"should," "intends," "plans," "estimates" and similar expressions.
These statements are not guarantees of future performance and
involve a number of risks, uncertainties and assumptions that are
difficult to predict. Because these forward-looking statements are
based on estimates and assumptions that are subject to significant
business, economic and competitive uncertainties, many of which are
beyond our control or are subject to change, actual outcomes and
results may differ materially from what is expressed or forecasted
in these forward-looking statements. Important factors that could
cause actual results to differ materially from the forward-looking
statements include, but are not limited to: weakness in general
economic conditions and levels of capital spending by clients in
the industries we serve; weakness or volatility in the financial
and capital markets, which may result in the postponement or
cancellation of our clients' capital projects or the inability of
our clients to pay our fees; the termination or non-renewal of a
major client contract or project; delays or reductions in
government spending; credit risks associated with our clients;
competitive market pressures; the availability and cost of
qualified personnel; our level of success in attracting, training
and retaining qualified management personnel and other staff
employees; changes in tax laws and other government regulations
including the impact of healthcare reform laws and regulations; the
possibility of incurring liability for our business activities,
including the activities of our temporary employees; our
performance on client contracts; negative outcome of pending and
future claims and litigation; and government policies, legislation
or judicial decisions adverse to our businesses. More
detailed information about these and other risks and uncertainties
may be found in our filings with the SEC, particularly in the "Risk
Factors" section of our Form 10-K and the "Management's Discussion
and Analysis of Financial Condition and Results of Operations"
section of our Form 10-Ks and Form 10-Qs. Readers are cautioned not
to place undue reliance on these forward-looking statements, which
speak only as of the date hereof. We assume no obligation to update
such statements, whether as a result of new information, future
events or otherwise, except as required by law.
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SOURCE CDI Corp.