Korn Ferry Completes Acquisition of Leading Global Leadership Solutions Firm, PDI Ninth House
January 2, 2013
LOS ANGELES, Jan. 2, 2013 – Korn/Ferry International (NYSE:KFY), a premier global provider of talent management solutions, today announced that it has completed its acquisition of Minneapolis-based PDI Ninth House, a leading, globally-recognized provider of leadership solutions.
“We are pleased to announce the completion of Korn/Ferry’s acquisition of PDI Ninth House, a partnership that combines two of the top brands in talent management,” said Gary D. Burnison, CEO of Korn/Ferry International. “PDI Ninth House brings to Korn/Ferry strong talent management offerings, rich intellectual property, and world-class people, which we believe will immediately increase Korn/Ferry’s depth and scale in being the most relevant leadership organization in the world.”
About Korn/Ferry International
Korn/Ferry International is a premier global provider of talent management solutions, with a presence throughout the Americas, Asia Pacific, Europe, the Middle East and Africa. The firm delivers services and solutions that help clients cultivate greatness through the attraction, engagement, development and retention of their talent. Visit www.kornferry.com for more information on Korn/Ferry International, and www.kornferryinstitute.com for thought leadership, intellectual property, and research.
This press release contains forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act. Statements including words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” or similar expressions are forward-looking statements. These statements include expectations regarding the acquisition, including expected benefits and synergies of the transaction, future opportunities for the combined businesses and other statements regarding events or developments that Korn/Ferry believes or anticipates will or may occur in the future. Because these statements reflect the Korn/Ferry’s current expectations, estimates and projections, these forward-looking statements involve risks and uncertainties that may cause actual results in the future to differ materially from the results projected or implied in any forward-looking statements contained in this press release. A number of important factors could cause actual results to differ materially from those contemplated by the forward-looking statements included herein, including, but not limited to: the acquisition may disrupt Korn/Ferry’s current business operations and Korn/Ferry may not be able to successfully manage its growth or integrate the acquired operations; Korn/Ferry may not be able to retain key personnel; and clients may not react favorably to the acquisition. For further information regarding the risks associated with Korn/Ferry’s business, please refer to Korn/Ferry’s filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Korn/Ferry disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.