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January 11, 2007
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EVEREST PREDICTS 30% FINANCE AND ACCOUNTING OUTSOURCING GROWTH IN 2007...The global Finance and Accounting Outsourcing (FAO) market is predicted to grow in excess of 30 percent in 2007 as the global infrastructure matures to enable F&A solutions that take advantage of low-cost offshore talent and robust supplier process offerings underpinned by F&A technology, according to a new report released from Everest Research Institute. The global FAO market has grown by more than 45 percent since the beginning of 2005 and reached $2 billion in expenditures in the United States last year, according to the Institute’s Finance & Accounting Outsourcing (FAO) Annual Report 2006.
HEWITT NAMES HEAD OF CORPORATE DEVELOPMENT AND STRATEGY...Hewitt Associates, Inc. has appointed Matthew C. Levin to the new management position of senior vice president, corporate development and strategy, effective immediately. Levin, 33, who joins Hewitt from IHS Inc., where he served as senior vice president of corporate development and strategic planning, will be responsible for Hewitt’s corporate development program, with a particular emphasis on mergers, acquisitions and partnership opportunities, as well as strategic and growth initiatives for both its consulting and outsourcing business segments. He will report directly to Chairman and CEO Russ Fradin.
KENEXA TO MAKE PUBLIC OFFERING...Kenexa Corporation intends to file a prospectus supplement with the U.S. Securities and Exchange Commission relating to an underwritten public offering of 3,750,000 shares of its common stock under an effective shelf registration statement. The underwriters will have an option to purchase up to an additional 562,500 shares from the company to cover over-allotments, if any.
Posted by jbowles at January 11, 2007 08:10 PM
