Korn Ferry Completes Acquisition of Executive Development Firm, Pivot Leadership
LOS ANGELES--(BUSINESS WIRE)-- Korn Ferry (NYSE:KFY), the preeminent authority on leadership and talent, today announced that it has completed the acquisition of Pivot Leadership, a global provider of innovative, customized and scalable executive development programs.
“We are pleased to announce the completion of Korn Ferry’s acquisition of Pivot Leadership,” said Gary D. Burnison, CEO of Korn Ferry. “Pivot brings to Korn Ferry strong executive learning capabilities, with talented people who are passionate about what they do. We look forward to leveraging their expertise and solutions to further help our clients with their strategies, growth plans and leadership development initiatives for senior executives around the world.”
About Korn Ferry
At Korn Ferry, we design, build, attract and ignite talent. Since our inception, clients have trusted us to help recruit world-class leadership. Today, we are a single source for leadership and talent consulting services to empower businesses and leaders to reach their goals. Our solutions range from executive recruitment and leadership development programs, to enterprise learning, succession planning and recruitment process outsourcing (RPO). Visit http://www.kornferry.com for more information on Korn Ferry, and http://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 financial and operating results, 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; clients may not react favorably to the acquisition; and the expected closing date of the acquisition may be delayed or the acquisition may not close at all. 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.
Dan Gugler, 310-226-2645
Source: Korn Ferry
Released March 2, 2015