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Interim Acquires Leading New Zealand Information Technology Firm Wilson White Associates Ltd

Ft. Lauderdale, Fla., May 15, 2000—Interim Services Inc. (NYSE:IS), a leading human capital management company, today acquired Wilson White Associates Ltd., the 5th largest provider of IT recruiting and contracting in New Zealand, in a cash transaction. Wilson White, founded in 1980, had revenues of NZ$5.3 million for calendar year 1999 and operates through two locations in Auckland and Wellington . Terms of the transaction were not disclosed.

 

Wilson White will be integrated into Interim Technology Consulting, a global leader in providing Information Technology solutions to premier companies worldwide with a significant presence in North America , , the , and Asia .

 

The transaction is particularly significant to Interim Technology’s IT recruiting and contracting business in , as it represents its entrée into the market in those areas. With locations in all major commerce centers in the Australia/New Zealand marketplace, Interim Technology can now provide a full-range of IT services to clients locally and worldwide, many of whom have operations throughout and have already expressed the need to extend IT recruiting and contracting services to those operations. In addition, the Wilson White operation will leverage the hundreds of IT professionals graduating from Interim’s IT Institutes. The Institutes provide certified vocational training for individuals seeking IT industry qualification and cross-training for existing technology professionals. In a market characterized by short supply of IT workers, Interim Technology’s ability to recruit and place these highly-skilled graduates creates a significant competitive advantage. Wilson White’s three principles, Directors Doug White, Ross Stewart and Grahame Bilby, will retain their current scopes of responsibility.

 

Stuart Emanuel, president of Interim Technology Consulting, commented, “Doug White and his executive team represent one of the strongest management groups in our industry. We are excited to have aligned with such a well-respected and high quality organization. The acquisition brings significant benefits to our clients worldwide who will now have access to a full range of IT solutions within the Australian and marketplace.”

 

White commented, “We are very pleased to join Interim Technology Consulting. They are a strong and expanding company with operations around the world and part of a global $3.8 billion human capital management organization – Interim Services Inc. We see significant opportunities to leverage client relationships, as well as the web-enabled recruiting strategies they have already deployed in . In addition, our ability to source Interim Technology’s Training Institute for candidate placements throughout will no doubt provide an edge for us given today’s market conditions.”

 

About Wilson White Associates Ltd.

Wilson White is
's premier IT recruitment specialist company with offices in Auckland and Wellington . Since 1980, Wilson White has supplied public and private sector organizations of all sizes with IT professionals ranging from entry level graduates through operations and development to senior IT management.

 

About Interim Technology Consulting

Interim Technology has more than 80 offices throughout
North America , Europe , Asia and with approximately 7,000 IT professionals. Practice areas include eBusiness, Management Consulting, Software Quality Management, Information Design Services and Development Services. As the 6th largest IT services firm in the world, Interim Technology’s industry expertise includes financial services, insurance and energy.

 

About Interim Services Inc.

Interim Services Inc. (NYSE: IS), with 1999 proforma revenues of $3.8 billion, is a human capital management expert that helps companies strategically manage their workforce for optimum efficiency. Through more than 1,000 offices in North America, Europe and Australia/Asia, Interim provides consulting, managed staffing, outsourcing, search/recruitment and flexible staffing for a wide variety of skills including: information technology, finance, legal, technical and human resources; as well as clerical, administrative and light industrial. Visit the Company’s website at www.interim.com.

 

This press release contains certain forward-looking statements regarding Interim’s market share, prospects and future growth in revenues and profits, all of which involve risks and uncertainties. The Company’s actual results could differ materially from the results anticipated in these forward-looking statements as a result of certain factors set forth under “Risk Factors” and elsewhere in Company’s Registration Statement on Form S-4 filed on May 24, 1999,Interim Services Inc. Registration Statements on Form S-3 filed on April 23, 1998, and as discussed in the Company’s reports on Forms 10-K, 10-Q and 8-K made under the Securities and Exchange Act of 1934. In addition, changes in market, business or economic conditions, the integration of significant acquisitions or other transactions, could create material differences in the results anticipated in these forward-looking statements.

Media Contact:

 

Tricia Chamberlain     

 

(703) 917-7800

 

Investor Contact:     

 

Roy Krause     

 

(954) 489-6177

 

Media Contact

Lesly Cardec

954.308.6302

 

leslycardec@sfngroup.com

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