Hobsons to sell European corporate recruitment business to GTI
23.05.08
Hobsons focuses investment on European admissions and enrolment management business
On Friday 23rd May 2008, Hobsons completed the sale of its UK and German graduate businesses to GTI, a leading publisher of graduate careers information. The sale will allow Hobsons to focus greater time and resource on its admissions and enrolment management solutions business.
Chris Letcher, group managing director, Hobsons commented, 'Hobsons makes an annual global investment of $20m in the development of its admissions and enrolment management solutions. We want to make sure that European higher education institutions are being given every opportunity to benefit from that investment. That means working closely with those institutions and ensuring that our global capabilities are tightly aligned to local needs. We are selling the corporate recruitment business to enable us to invest more time and resource in doing so.
Globally 1,200 higher education institutions currently use Hobsons admissions and enrolment management products and services to streamline the student recruitment process. The acquisition by Hobsons of AY Recruiting Solutions in October 2007 added online application capabilities to its existing portfolio of CRM, communications and service centre solutions.
The Hobsons corporate recruitment team and products will now transfer to GTI. The Hobsons admissions and enrolment management solutions team and products will be unaffected. The acquisition was approved by DMGT.
Further information
For media enquiries or further information, please contact:
Chris Letcher
Group Managing Director, Hobsons PLC
0207 958 5050
chris.letcher@hobsons.co.uk
Natalie Mudd
Managing Director, Hobsons UK
0207 958 4900
natalie.mudd@hobsons.co.uk