TMP Worldwide Acquires Microsurf.com
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TMP (TMPW) issued 344,545 shares of common stock for all of the outstanding shares of Microsurf.
Microsurf owns and operates a network of consumer Web sites focused on relocation and other home services. Through services provided by MortgageQuotes.com and MoverQuotes.com, the Microsurf network lets clients make relocation and home financing decisions on the Internet. TMP, parent to career portal Monster.com, will incorporate Microsurf's real-time decision making tools.
Andrew J. McKelvey, chairman and chief executive officer of TMP Worldwide, said the firm inked the deal "to continue the growth of our online product offerings while enhancing our offline business services."