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January 04, 2007

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ACCENTURE REPORTS STRONG FIRST QUARTER...Accenture reported strong financial results for the first quarter of fiscal 2007, ended Nov. 30, with net revenues of $4.75 billion, an increase of 14 percent in U.S. dollars over the same period last year and above the high end of the company’s previously stated expectations. GAAP diluted earnings per share were $0.46, an increase of 28 percent over the first quarter of fiscal 2006. The company achieved the highest quarterly net revenues in its history, driven by record net revenues across all three geographic regions and all five operating groups.

OASIS ACQUIRES KELLY STAFF LEASING...Oasis Outsourcing Holdings, Inc., the nation's largest privately-held Professional Employer Organization (PEO), has acquired Kelly Staff Leasing from Kelly Services, Inc., a leading provider of human resources, payroll processing, benefits and risk management solutions to small and medium-sized businesses throughout the United States. The acquisition includes its primary facility in San Diego, CA which houses its Operations Center, including payroll processing, customer service and human resources support personnel.

PEROT SYSTEMS ACQUIRES GOVERNMENT IT SERVICES FIRM...Perot Systems Corporation has signed a definitive agreement to acquire QSS Group, Inc., a U.S. federal government information technology services company based in Lanham, MD.

WATSON WYATT ACQUIRES DUTCH PARTNER...Watson Wyatt Worldwide announced the intention to acquire its alliance partner in the Netherlands, Watson Wyatt Brans & Co. A definitive agreement is expected to be signed in the first quarter of 2007. The two firms have maintained a close relationship for many years.

R.R. DONNELLEY ACQUIRES TRADE PRINTER...R.R. Donnelley & Sons Company will acquire Von Hoffmann, a leading printer of books and other products that serves primarily the education, trade and business-to-business catalog segments, from Visant Corporation for purchase consideration of $412.5 million. The all cash deal, which is subject to customary closing conditions, including regulatory approval, is expected to close by the end of the first quarter of 2007, and to be accretive to RR Donnelley's earnings in the first year of operations.

OPI NAMES EUROPEAN ADVISORY BOARD...Outsource Partners International, Inc. (OPI), a leading professional services firm dedicated solely to finance and accounting outsourcing, announced the formation of a European Advisory Board. The Advisory Board, which brings together several of Europe’s most experienced and respected business leaders, will work hand-in-hand with OPI leadership to guide OPI’s growth and development throughout the UK and Europe.

Posted by jbowles at January 4, 2007 08:49 PM