"This acquisition is expected to accelerate PRGX's strategy to deliver actionable P2P insights to our clients through analytics-based products and services," said
"Joining the PRGX team is a huge win for our clients and our company," said
The acquisition is subject to certain closing conditions and is expected to close within the next few weeks.
Further details regarding the terms of the transaction are available in the Current Report on Form 8-K filed by PRGX today with the
In addition to historical information, this press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include both implied and express statements regarding the anticipated benefits from, and the expected timing for completion of, the Lavante acquisition, the Company's overall condition and growth prospects, the Company's execution of its transformation strategy, the Company's investments in, and opportunities associated with, its growth platforms, including its supplier information services business. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from the historical results or from any results expressed or implied by such forward-looking statements. Risks that could affect the Company's future performance include revenue that does not meet expectations or justify costs incurred, the Company's ability to develop material sources of new revenue in addition to revenue from its core recovery audit services, changes in the market for the Company's services, the Company's ability to retain and attract qualified personnel, the Company's ability to integrate recent and future acquisitions, the Company's ability to complete and integrate the Lavante acquisition, uncertainty in the credit markets, the Company's ability to maintain compliance with its financial covenants, client bankruptcies, loss of major clients, and other risks generally applicable to the Company's business. For a discussion of other risk factors that may impact the Company's business, please see the Company's filings with the Securities and Exchange Commission, including its Form 10-K filed on
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