GP Strategies Completes Acquisition of the Effective-People and Effective-Learning Companies
COLUMBIA, Md., April 3, 2014 /PRNewswire/ — Global performance improvement solutions provider GP Strategies Corporation (NYSE: GPX) completed its previously announced acquisition of the Effective-People and Effective-Learning companies, leading providers of human capital management (HCM) solutions, including sales and support of the full SAP SuccessFactors Business Execution (BizX) Platform, eLearning and blended learning solutions, as well as recruitment and employee development services. Effective-People and Effective-Learning will operate as a part of GP Strategies’ Learning Solutions group as of April 1, 2014.
Headquartered in Copenhagen, Denmark since 1988, Effective-People and Effective-Learning have performed over 160 cross-platform HCM implementations in over 70 countries. Effective-People and Effective-Learning have HCM expertise and partnerships with industry leaders, including SAP and SumTotal. This acquisition will create a hub for support of HCM software and services throughout Europe, with global capabilities to support multilingual rollouts.
Scott Greenberg, GP Strategies’ Chief Executive Officer, stated, “The addition of both Effective-People and Effective-Learning helps expand our position in the human capital management market and our global custom content development capabilities. Our combined strength will allow us to continue to scale to meet the growing needs of our customers.”
About GP Strategies
GP Strategies Corporation (NYSE: GPX) is a global performance improvement solutions provider of training, eLearning solutions, management consulting and engineering services. GP Strategies’ solutions improve the effectiveness of organizations by delivering innovative and superior training, consulting and business improvement services customized to meet the specific needs of its clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. Additional information may be found at www.gpstrategies.com.
We make statements in this press release that are considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. These statements reflect our current expectations concerning future events and results. We use words such as “expect,” “intend,” “believe,” “may,” “should,” “could,” “anticipates,” and similar expressions to identify forward-looking statements, but their absence does not mean a statement is not forward-looking. These statements are not guarantees of our future performance and are subject to risks, uncertainties, and other important factors that could cause our actual performance or achievements to be materially different from those we project. For a full discussion of these risks, uncertainties, and factors, we encourage you to read our documents on file with the Securities and Exchange Commission, including those set forth in our periodic reports under the forward-looking statements and risk factors sections. Except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
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SOURCE GP Strategies Corporation
For further information: Scott N. Greenberg, Chief Executive Officer, 410-367-9640, or Sharon Esposito-Mayer, Chief Financial Officer, 410-367-9636, or Jamie Coffey, Director, Communications, 443-255-3400