Addison Search partners with SCS to enter NY market

August 2007

Purchase of Firm with Focus on Wall Street IT and Back Office Staffing
Will Expand Services and Geographic Reach

Addison Professional Search, a rapidly-growing specialty staffing firm focused on providing top-quality contract and direct-hire personnel for finance and accounting, information technology and clerical positions, today announced that it has acquired New York City–based Strategic Corporate Solutions, LLC, a specialist in Wall Street Operations, information technology, and administrative staffing for the financial services industry. Prior to its acquisition by Addison, Strategic Corporate Solutions was a division of Strategic Workforce Solutions, a New York City-based staffing services firm.

The transaction will expand the scope of services and continue the growth of Addison, which was established in 1999. Addison has been recognized as one of the fastest growing private staffing companies in the US (ranked #7) by Staffing Industry Report and one of the “Fast 50” rapidly growing Chicago-based companies (ranked #13) by Crain’s Chicago Business.

Strategic Corporate Solutions brings deep expertise in serving the staffing needs of investment banking, asset management and other financial services firms, particularly in “back office” operations, trade support, IT and administrative/clerical positions. In addition, it’s Midtown Manhattan and Jersey City, NJ offices will extend the market presence of Addison, which currently has locations in Chicago, Boston, Houston, Dallas and Schaumburg, IL. John Costa, president of Strategic Corporate Solutions, will continue to head the business after the combination with Addison, joined by the 32-person Strategic Corporate Solutions team.

“After eight years of dramatic organic growth, we are excited to be making our first acquisition with Strategic Corporate Solutions,” said Joel Katz, chief executive officer and founder of Addison. “SCS is an excellent strategic fit for Addison, providing a platform for further expansion into the financial services segment, broadening our portfolio of services, adding an extremely strong team of staffing industry professionals, and establishing a foothold in the country’s largest labor market.”

“The Strategic Corporate Solutions team is pleased to be joining forces with Addison,” noted John Costa. “Our core competencies are extremely complementary. Both firms share a strong client service culture, a reputation for providing high quality personnel in specialized fields, and a phenomenal track record of growth. We look forward to working with Addison to pursue future opportunities in the staffing marketplace.”

About Addison Professional Search
Addison Professional Search is a specialized staffing firm that provides highly qualified personnel, on both a temporary project and permanent placement basis, primarily in the areas of finance and accounting, information technology and clerical services. Addison serves a diverse client base of mid-sized businesses as well as Fortune 500 companies. Addison was founded in 1999 and has offices in downtown and suburban Chicago, Boston, Houston and Dallas.

About Strategic Corporate Solutions
Established in 2004, Strategic Corporate Solutions is a fully integrated professional staffing firm specializing in the placement of professionals in Wall Street operations, Technology, and Finance/Accounting. SCS provides temporary, right-to-hire and permanent placement solutions to the New York metropolitan area’s top companies and to the world’s leading financial institutions. Since inception, the company has experienced explosive annual growth. SCS currently has locations in both Midtown Manhattan and Jersey City, New Jersey.