NEW YORK--(BUSINESS WIRE)--Jan. 15, 2001--TMP Worldwide Inc., (NASDAQ: TMPW; ASX: TMP) the leading global provider of career services and solutions, including the preeminent Internet career portal, Monster(R).com, and the world's largest Yellow Pages advertising agency, today announced the acquisition of ADEPT, Inc., a recognized innovator of human capital management services in the Northeast, specializing in the information technology, e-business and engineering disciplines. The addition of ADEPT complements TMP Worldwide eResourcing's North American coverage and enables TMP to leverage ADEPT's relationships with the region's largest employers in the insurance, financial services and government sectors.
ADEPT, founded in 1983 and headquartered in Framingham, MA, was recently ranked among the top-10 largest privately held IT staffing companies in New England. ADEPT uses an Internet-focused recruitment model, which accounts for 20 percent of placements and 40 percent of all new additions to its proprietary database of consultants. ADEPT experienced compounded annual growth of 27 percent from1996 to 2000, with 93 percent of revenues now generated by repeat business. ADEPT is the recipient of the Inc. Magazine/MCI Positive Performer Award, which salutes exceptional customer service, innovative techniques to identify and exceed customer expectations and ingenuity and entrepreneurial spirit in customer focus.
"Our acquisition of ADEPT adds to our forces one of the largest and well-known IT staffing firms in the Northeast corridor market," said Andrew Banks, Global CEO of TMP eResourcing. "ADEPT is popular among the decision-makers in the banking, investment, insurance, telecommunications and pharmaceuticals industries as a reliable provider of talent to support their global operations and critical projects. With their client base and expertise in the Northeast, and Internet-based recruitment model, we can further enhance our temporary contracting service capabilities in information technology, telecommunications, and network engineering."
Tomasz Schellenberg, CEO and President of ADEPT, Inc., added, "TMP offers our successful operation the worldwide reach and ready access to the most extensive and efficient candidate network, so that we can continue to support the global needs of our clients and respond to the larger opportunities they are offering. ADEPT is prepared to immediately integrate our systems, services and methodologies with TMP, to deliver the most comprehensive e-resourcing services available."
About TMP Worldwide
Founded in 1967, TMP Worldwide Inc., now with more than 8,750 employees in 32 countries, is the on-line recruitment leader, the world's largest Recruitment Advertising agency network, and one of the world's largest Executive Search & Executive Selection agencies. TMP Worldwide, 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.
Monster.com, headquartered in Maynard, Mass., is a leading global careers Web site, recording over 18.3 million unique visits during the month of November 2000 according to independent research conducted by I/PRO. 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, France, Germany, Ireland, Spain and Luxembourg. 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.
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.
--30--rm/ny*CONTACT: BSMG Worldwide Andrea Retzky, 212/445-8247 email@example.com  or TMP Worldwide Dan Bustillos, 212/351-7084 firstname.lastname@example.org