Futurestep Acquires The Newman Group

Korn/Ferry subsidiary Futurestep announced Friday it is acquiring management-consulting firm The Newman Group.

The Newman Group also offers support services for applicant tracking systems, including customer support, systems administration, and reporting.

Based in Philadelphia since 1999, The Newman Group will become a wholly owned subsidiary of Futurestep, with CEO Ed Newman continuing to lead the firm.

“With a comprehensive range of talent acquisition and management solutions, The Newman Group provides a level of expertise that will help strengthen Futurestep’s position as an outsourced recruitment leader,” Futurestep chief executive Bob McNabb said in a statement.

Founded in 1998, Futurestep is Korn/Ferry International’s outsourced recruiting subsidiary, with locations in 17 countries across North America, Asia Pacific, and Europe.

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Kenexa Acquires StraightSource

In other acquisition news on Friday, Kenexa has acquired Dallas-based StraightSource for an undisclosed amount.

Kenexa said the acquisition of the RPO services firm will help it expand geographically.

Elaine Rigoli has nearly 15 years of experience managing content and community for various B2B and consumer websites. Elaine has written thousands of business and technology articles and has been quoted in The Wall Street Journal and eWeek, among other publications.


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