Vedior is pleased to announce that it has signed a definitive agreement to acquire B2B Workforce Inc. (“B2B” or “the Company”), a provider of e-Business enterprise applications personnel and consulting services.

With headquarters in Alpharetta, Georgia, B2B provides expert consultants and project management in a number of high-demand disciplines such as Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), Enterprise Application Integration (EAI), and Business Intelligence (BI) utilizing SAP and Oracle (PeopleSoft, Siebel, JD Edwards, Retek, Hyperion, and G-Log) enterprise software applications.

Founded in 2000, B2B initially serviced the commercial sector but has since developed a significant public sector practice servicing federal, state and local governments which now accounts for almost a third of the Company’s sales. B2B has received numerous awards including Fastest Growing Private Companies in Atlanta for 2005, 2006, and 2007 as well as appearing in the Inc. 5000 list of fastest growing private companies in the US for 2007.

Vedior already has a significant presence in the provision of IT personnel within the US and Canada, primarily through its Sapphire brand. The acquisition of B2B complements Sapphire’s national network by enabling our client’s to access a wider range of services in both staffing and project management.

Globally, Information Technology is Vedior’s largest professional/executive recruitment sector and, in 2006, annual sales derived from IT staffing amounted to €768 million.

Tex Gunning, Vedior’s Chief Executive said, “B2B has a very strong reputation and a blue chip client portfolio within a highly specialised discipline. It provides a useful complement to our existing portfolio of businesses.”

In 2004, AMR Research predicted that the enterprise applications market will grow from $48 billion to $65 billion by 2009.

For the twelve months up to 31 December 2006, B2B achieved (audited) sales of $79.0 million (€62.8. million).

The transaction has been approved by the boards of directors of both companies, and is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act.

Company Profile:

Vedior is one of the world’s largest recruitment companies and is a full-service recruitment provider with a diversified portfolio of brands targeting a broad range of industry sectors.
From its global network of offices spanning Europe, North America, Australasia, Asia, South America and Africa, Vedior offers temporary and permanent recruitment as well as a number of complementary employment-related services such as outplacement, HR outsourcing, payrolling and training.
Vedior has a leading market position in the provision of professional/executive recruitment in sectors such as information technology, healthcare, accounting, engineering and education. Vedior also has a significant global network providing administrative and light industrial recruitment.

For further information, please contact:

Tex Gunning, Chief Executive   +31 (0)20 573 5609
Frits Vervoort, CFO
Jelle Miedema, Company Secretary