February 2, 2010 – Recruiting giant Spherion Corporation has acquired Tatum, LLC, a human capital solutions company providing executive search and professional coaching services. Tatum has nearly 1,000 partners and principles in 37 offices in the U.S. Total consideration for the transaction is $46 million, comprised of $11 million in Spherion stock and the remainder in cash and assumed liabilities. “This acquisition represents another step in the execution of our stated strategy of increasing our higher-margin professional services business, while also expanding our presence in the C-level interim and consulting market,” said Roy Krause, president and CEO. “Tatum is well-known for their deep expertise and focus on the CFO and will complement our existing professional services business.” Spherion will also be releasing its Q4 and year-end financial results later this week.
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