RealTime IT News

TMP Worldwide Acquires The Corporate Group

New York City-based recruitment ad agency TMP Worldwide said it acquired The Corporate Group, a human resources consulting firm based in Boston.

TMP said the acquisition adds a further dimension to its recruitment business, which currently includes online career centers The Monster Board and Online Career Center (OCC). Financial terms were not disclosed.

The Corporate Group works closely with clients, typically Fortune 500 corporations, to develop their overall internal systems and workflow strategies. The firm focuses on topics ranging from workflow analysis and design to performance metrics and standards.

Michael Rosmarin, CEO of The Corporate Group, will work with TMP's management team to leverage both companies' expertise among current and potential clients.

"Our goal is to have the solutions to all our clients' staffing issues under one roof," said Andrew J. McKelvey, chairman and CEO of TMP. "With the acquisition of The Corporate Group, we are one step closer to achieving this goal and becoming the firm that companies turn to for all employment and employment-related issues, whether they need to fill a $175,000-a-year COO position or develop a strategy for moving the applications efficiently through the system."

The Corporate Group's clients include The Gap, Ernst & Young, Henry Ford Health System, Abbott Laboratories, Nortel, Ziff-Davis, Miller Brewing, Nissan Motor Corp., and NEC.