SeatonCorp Reports Organic Year Over Year Revenue Growth of 25%
SeatonCorp Creates 5,000 Additional Jobs
CHICAGO, IL – SeatonCorp, a Chicago-based staffing and recruiting firm that operates under the Staff Management, PeopleScout, and StudentScout brands, reported first quarter 2011 revenue increased 25% year-over-year. Earnings were up significantly in Q1, largely due to several new multi-million dollar client signings and scope/volume expansions. The firm also announced its employee count grew from 15,500 employees to 20,500 over the last year. Among the 5,000 jobs created, 510 were in Metro Chicago.
PeopleScout, a leading recruitment process outsourcing (RPO) provider delivered 103% year over year revenue growth. During Q1, PeopleScout signed 10 new RPO engagements. Additionally, PeopleScout achieved 100% client retention for the 9th quarter in a row.
Staff Management, a leader in Vendor on Premise staffing and Managed Service Provider (MSP) solutions, added more than $55 million in incremental annualized revenue growth, largely due to volume increases at existing clients and several new client wins. MSP new wins have been particularly impactful.
StudentScout, a leading provider of student admission support for the post-secondary education industry, achieved 83% revenue growth in Q1. StudentScout signed and successfully implemented several new clients for which it provides admissions support.
“The client delivery and sales teams continued their momentum from 2010 continued into Q1 2011,” said Patrick Beharelle, SeatonCorp’s Chief Executive Officer. “We are particularly bullish on the RPO sector, which is delivering triple digit revenue growth.”