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March 23, 2006

Top Stories

R.R. DONNELLEY ACQUIRES OFFICETIGER...OfficeTiger and R.R. Donnelley & Sons Company announced that the two companies have signed a definitive merger agreement in which RR Donnelley, the world's premier full-service global print provider and business solutions company, will acquire OfficeTiger in an all-cash deal.

NAVISITE GETS $70 MILLION LOAN...NaviSite, Inc. has entered into a commitment letter with Silver Point Finance for up to $70 million in a senior secured term loan facility and up to $3 million in a senior secured revolving credit facility. Silver Point Finance structures and provides custom financing to large and middle market companies. In addition, NaviSite has filed a request with the Securities and Exchange Commission to withdraw its registration statement on Form S-2 relating to the proposed public offering of NaviSite's common stock.

SECURITY TOP OUTSOURCING CONCERN...Information security has become a top concern among companies evaluating current and potential outsourcing relationships, according to a new study by management consulting firm Booz Allen Hamilton. Further, companies perceive a significantly higher security risk in working with offshore providers over those in the U.S., due to a lack of trust in legal and regulatory environments in developing countries.

AMBASSADOR SCHNABEL JOINS OPI BOARD...Ambassador Rockwell A. Schnabel has joined Outsource Partners International, Inc.'s Board of Directors. Ambassador Schnabel is currently an Advisory Director of Trident Capital and a co-founder of the firm. He was a Managing Director of Trident Capital from its inception in 1993 until 2001, when he was appointed by the U.S. Department of State to become Ambassador to the European Union.

KENEXA ADDS EVP...Roger Gaston has joined Kenexa as an executive vice president for its Employment Process Outsourcing (EPO) practice. Gaston will be responsible for Kenexa's Employment Process Outsourcing
operations worldwide. Gaston joins Kenexa from recently acquired StorageTek, a $2 billion company with 7,200 employees worldwide that delivers a broad range of storage solutions for digitized data.

Posted by jbowles at March 23, 2006 08:08 PM