Business Services Industry
TMP Worldwide Acquires Web Technology Partners, Inc.; Web Engineering Firm to Expand Monster.com Technical Team
Business Wire, June 2, 2000
Business/Technology Editors
NEW YORK & LOS ANGELES--(BUSINESS WIRE)--June 2, 2000
TMP Worldwide Inc. (NASDAQ: TMPW; ASX: TMP), the leading provider of global recruitment solutions, including the dominant Internet career portal, Monster.com, today announced the completion of a pooling of interests transaction merger with Lowell, Mass.-based Web Technology Partners, Inc. Web Technology Partners, Inc., a privately held, e-commerce professional services firm, has established a market-leading technical team capable of delivering sophisticated functionality for the B2B and B2C e-commerce marketplace.
"As Monster.com continues to innovate and grow our web properties, these additional software engineers will expand our internal development team and allow us to provide customized service options for select Monster.com customers," said Brian Farrey, CTO of Monster.com. "We are particularly excited about the technical expertise of WebTech, and the outstanding team that they have had in place for several years," said Farrey.
Al SanClemente, CEO of Web Technology Partners, Inc., said, "We are pleased and excited to join the TMP family and Monster.com. Monster has achieved a dominant position in its marketplace, and we look forward to assisting in the continued development of the Monster.com vision for the career services segment."
About Monster.com
Monster.com, headquartered in Maynard, Mass., is the leading global careers Web site with over 15.2 million unique visits per month. Monster.com connects the most progressive companies with the most qualified career-minded individuals, offering innovative technology and superior services that give them more control over the recruiting process. The Monster.com global network consists of local content and language sites in the United States, United Kingdom, Australia, Canada, the Netherlands, Belgium, New Zealand, Singapore, Hong Kong and France. More information about Monster.com is available at www.monster.com or by calling 1-800-MONSTER. Monster.com is the flagship brand of the Interactive Division of TMP Worldwide Inc. (NASDAQ: "TMPW"; ASX: "TMP").
About TMP Worldwide
Founded in 1967, TMP Worldwide Inc., now with more than 7,600 employees in 29 countries, is the online recruitment leader, the world's largest recruitment advertising agency network, and one of the world's largest search and selection agencies. TMP Worldwide Inc., headquartered in New York, is also the world's largest Yellow Pages advertising agency and a provider of direct marketing services. The company's clients include more than 90 of the Fortune 100 and more than 480 of the Fortune 500 companies.
About Web Technology Partners
Web Technology Partners, Inc. (www.webtechpartners.com) is a privately held, e-commerce professional services firm. Since our founding in 1996, WebTech has established a market-leading technical team capable of delivering sophisticated functionality for the B2B and B2C e-commerce marketplace. WebTech's unique approach to marketing, staffing and managing projects allows us to deliver complex e-commerce solutions rapidly and cost-effectively. Our success is validated by an almost 100% rate of customer and employee retention for the past three years.
Special Note:
The above statements include forward-looking statements based on current management expectations. Factors that could cause future results to differ from these expectations include the following: risks associated with acquisitions, competition and seasonality. Additional factors are described in the company's reports filed with the Securities and Exchange Commission.
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