RICK BETORI APPOINTED TO PRESIDENT OF STUDENTSCOUT
Investment in Additional Management Underscores 115% Annual Growth Rate
StudentScout, a leading provider of student admissions and retention support for the post-secondary education industry, announced today that it has appointed Rick Betori to President of StudentScout. Over the past year, StudentScout achieved over 115% top line growth and 100% client retention.
Rick joins StudentScout after several successful years as President of Wonderlic, Inc, a leading assessment provider. "We are pleased to welcome Rick to StudentScout," said Patrick Beharelle, CEO of SeatonCorp, parent company of StudentScout. "He brings an extensive background in management excellence and innovation."
In a related announcement, StudentScout announced Mark Muehlberg has been appointed to the SVP of Operations Role, where he will focus on building and managing world-class client delivery teams.
SEATONCORP REPORTS 45% TOP LINE ORGANIC GROWTH IN Q2
100% Client Retention, New Client Signings, Client Expansions Drive Growth
SeatonCorp, a Chicago-based staffing and recruiting firm that operates under the Staff Management, PeopleScout, and StudentScout brands, reported second quarter 2010 revenue increased organically 45% year-over-year. The top line growth was largely due to several new multi-million dollar client signings and scope/volume expansions. Also impacting top line growth was a 100% client renewal rate over the past 12 months for all 3 divisions. Earnings were up significantly year over year as well.
PeopleScout, a leading recruitment process outsourcing (RPO) provider has seen its revenue increase 53% since the beginning of 2010. During Q2, PeopleScout signed 4 new RPO engagements with Fortune 500 firms, as well as several smaller RPO engagements.
Staff Management, a leader in Vendor on Premise staffing and Managed Service Provider (MSP) solutions, successfully added more than $95 million to its revenue run rate in the past year via new client engagements and scope/volume expansions. Staff Management also expanded its international footprint by implementing several new MSP/Staffing engagements in Asia, Europe, and South America.
"Significant scope expansions and a 100% renewal rate over the past year were key to SeatonCorp's continued strong performance," said Patrick Beharelle, SeatonCorp's Chief Executive Officer. "We will continue to base our growth strategy on delivering world class service that results in long term, large scale client partnerships."
StudentScout’s SmartCert product debuted this week
The SmartCert product incorporates our proprietary processes to minimize your regulatory exposure through extensive training, testing, certification, and auditing of our personnel. “We’re pleased to offer our clients this new product” said Anurag Batta, Senior Vice President of Operations, “it represents the culmination of our efforts to provide the highest possible level of service to our customers.”
Mark Muehlberg, President of StudentScout, takes on added role as Chief Compliance Officer
“Mark’s vast experience in the Post Secondary Education space will be invaluable in this added role. We look forward to his contributions in continuing to strengthen our processes and practices in Regulatory Compliance” says SeatonCorp CEO Patrick Beharelle.
StudentScout launches Student Retention product line to complement its Admissions Support services
The product line is designed to reach out to students at pre-determined intervals to monitor the students’ experience and identify potential early-warning signs. Organizations can expect to increase their completion rates as a result of implementing StudentScout’s retention products. Mark Muehlberg, StudentScout President, explained, “By combining world class admissions support products with our new product line, our clients will be able to see completion rates climb. We’re really excited about the launch of this new product.”
SeatonCorp CEO Transitions to chairman of the board
Michael Miles, CEO of SeatonCorp, the Chicago-based staffing and recruiting firm, announced that effective today, he will transition from his current role as CEO to Chairman of the company's Board of Directors.
SeatonCorp COO Transitions to CEO Role
Patrick Beharelle, SeatonCorp's current COO will become the company's CEO and join the Board of Directors. Miles said, "Patrick has played a critical role in expanding our product offerings and enhancing our customer service since joining the company 18 months ago. I look forward to continuing our collaboration in our new roles."
SeatonCorp’s Staff Management division’s coo gains seat on seatoncorp board of directors
Joan Davison the COO of Staff Management, a SeatonCorp division, will also join the company's Board of Directors. Miles noted, "In Joan's 3 years as Staff Management's COO, the division has demonstrated outstanding performance, including through the recent challenging macroeconomic climate. Her appointment to the Board of Directors is recognition of her superior leadership and will provide more opportunity for her to assist in shaping the strategy of the entire company going forward."
Mark Muehlberg joins StudentScout as President
Mark will be overseeing the company’s Business Development, Sales, Regulatory Compliance, Product Development and Operations functions. Mark brings with him many years of experience in Higher Education Business Process Outsourcing. SeatonCorp CEO Patrick Beharelle says “we are thrilled that Mark has agreed to lead StudentScout into its next phase of growth. Mark brings over 19 years of Call Center Leadership experience across several industries and over the last seven years has played a key role in the development, innovation and growth of the Contact Center Industry in the For Profit Proprietary Higher Education Market. We know Mark will make a significant contribution to the success of StudentScout”. StudentScout is an operating company under SeatonCorp, a leading staffing and recruiting organization whose clients include many Fortune 500 companies.