Patrick Beharelle And SeatonCorp Announce 45 Percent Year-Over-Year Organic Growth in Second Quarter
Patrick Beharelle, CEO of SeatonCorp, announced the firm signed several new clients in Q2. Patrick Beharelle also announced SeatonCorp reached a significant milestone by achieving 100% client retention over the past 12 months.
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July 29, 2010 (FPRC) -- CHICAGO, IL -- Patrick Beharelle, CEO of SeatonCorp, announced the Chicago-based staffing and recruiting firm’s second quarter 2010 revenue increased 45% year-over-year. The company operates under the Staff Management, PeopleScout, and StudentScout brands.
A number of new multi-million dollar customer signings and scope expansions fueled the growth. Also key to top line results was that 100% of clients renewed their engagements in each of SeatonCorp’s three divisions over the past year. Earnings also significantly improved compared to the past year.
Since the start of 2010, PeopleScout, a leading recruitment process outsourcing (RPO) company saw a 53% rise in revenue. PeopleScout signed four new RPO engagements with Fortune 500 firms during the second quarter. PeopleScout assists clients with Professional and Non-Professional recruitment needs. Recruitment process outsourcing, employment branding, on-boarding, and employee retention comprise the firm's services. Each year, PeopleScout places over 180,000 hires through its RPO engagements. Airlines, financial services, telecommunications, retail, utilities, pharmaceutical, and transportation industries have all taken advantage of PeopleScout's services.
SeatonCorp Chief Executive Officer Patrick Beharelle said, "The ecomomic headwinds of the past several quarters are continuing to dissipate and we are seeing companies in several sectors adding contingent and full-time staff to their organizations.”
Staff Management, is a leading provider for Vendor On Premise (VOP) and Managed Service Provider (MSP) solutions. During Q2, Staff Management increased its annual revenue run rate by more than $90 million versus last year through new client actions and client expansions. By executing new MSP/staffing arrangements in Asia, Europe, and South America, Staff Management also broadened its international footprint. Staff Management solutions offer the best talent while encouraging compliance and bringing about tangible savings. Staff Management also delivers a distinctive client aligned technology platform for high-volume workforce management. The company is named as the number one MSP leader in scope of service offered and size of transaction on HRO Today’s 2010 Baker’s Dozen List of top MSP providers.
StudentScout, the third division of SeatonCorp, offers premium candidate contact management, warm call transfer, and appointment setting aid to aid the student admissions process for post-secondary education institutions. Leading educational institutions across America depend upon StudentScout's proprietary model to improve their admission processes. This includes student inquiry management through enrollment.
"Significant scope expansions and a 100% renewal rate over the past year were key to SeatonCorp's continued strong performance. We will continue to base our growth strategy on delivering world class service that results in long term, large scale client partnerships," said Patrick Beharelle, SeatonCorp’s Chief Executive Officer.
About SeatonCorp:
SeatonCorp is a $350+ million best in class staffing, recruiting and outsourcing firm that operates under the Staff Management, PeopleScout, and StudentScout divisions. SeatonCorp was recently named as one of Chicago's largest privately held companies and has consistently reported double digit annual growth.
Send an email to Gerry Sullivan of SeatonCorp
312-915-5036
Keywords:
Patrick Beharelle, Patrick Beharelle, Patrick Beharelle
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