StepStone to Acquire MRted

August 3, 2010 – StepStone, a London-based provider of human capital management solutions, has signed a binding agreement to acquire privately-owned e-recruitment software provider MrTed Ltd. Over 100 customers use the MrTedTalentLink product to recruit staff across 100 countries and over 90 percent of MrTed's current revenues come from 'Global 500' businesses, including large Recruitment Process Outsourcers (RPOs). “Looking forward, the strength of both companies will enhance the experience and means by which business managers interact with their talent and HR colleagues, generating greater value for their businesses,” said StepStone Solutions CEO, Matthew Parker. “This combination creates an even stronger player with unique capabilities to meet customer needs in terms of global reach, financial strength and product set.”