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Vedior North America announced that it has acquired a 93%
interest in CNC Global Ltd a Canadian provider of IT recruitment
and resource management solutions.
CNC Global works with organizations across Canada to meet
their contract and full-time IT staffing needs. CNC Global
also offers a full range of Recruitment Process Outsourcing
(RPO) solutions, including contractor administration, payroll
administration, vendor management, contact center staffing,
recruitment advertising and HR communications.
CNC
Global maintains approximately 2,400 IT consultants on client
sites across Canada and generated CAD256 million in audited
revenue for the year ended January 31, 2006 .
The acquisition of CNC Global strengthens Vedior NA's IT staffing
presence, which currently exists through its Sapphire Technologies
brand. The combined reach of Sapphire Technologies and CNC
Global makes Vedior NA one of the largest providers of IT
staffing services across North America
"With
the addition of CNC Global's Canadian capabilities to our
already established IT staffing presence in the U.S., we are
now able to expand our ability to meet our clients needs as
the dominant IT staffing provider in North America,"
said Greg Netland, Chief Executive Officer of Vedior NA. "I'm
very excited about CNC Global's strategic complement as well
as the business opportunities that will result from this partnership."
Moving
forward, CNC Global will continue to operate under its existing
management team with its existing name. Robert W. Baird &
Co. served as exclusive financial advisor to CNC Global Limited
and it's majority share holder Torquest Partners Value Fund
L.P
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