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.