Knightsbridge Acquires Axsium Group Inc. - North America's Leader in Workforce Management Solutions



    Acquisition to Expand Knightsbridge Reach into U.S.

    TORONTO, July 3 /CNW/ - Knightsbridge, Canada's leading integrated human
capital solutions provider, today announced the acquisition of Axsium Group
Inc., North America's leading consultancy in workforce management solutions.
    The acquisition will allow Knightsbridge to provide the broadest range of
human capital resources services in Canada and to access Axsium's large
Fortune 500 customer base in the United States. The acquisition expands
Knightsbridge's range of services - including talent attraction,
organizational and leadership development, career management and transition
and workforce management.
    "Axsium Group Inc. is a perfect strategic fit that uniquely positions
Knightsbridge to further build its breadth and depth of human capital services
in Canada and to expand our reach into the United States," said David Shaw,
Founder and CEO, Knightsbridge. "This milestone union will add exceptional
workforce management domain expertise to our arsenal of integrated human
capital solutions consultants, expanding the reach, depth and speed at which
we manage customers' workforce and talent challenges."
    "Workforce management has a direct impact on an organization's bottom
line; strategic solutions can reduce labour costs, improve productivity,
improve customer satisfaction, increase revenues and improve employee
satisfaction and retention," said Tim Lett, Founder and Managing Partner,
Axsium Group Inc. "Merging with Knightsbridge will allow us to help more
organizations, especially in Canada, to even further improve their performance
by offering a full complement of talent management services."
    Post acquisition, Axsium Group will maintain its brand and operate within
the Knightsbridge group of companies focusing on workforce management
consulting services. The acquisition will expand Knightsbridge's team with
Axsium's 75 business and technical experts. Financial details of the
acquisition have not been disclosed.

    About Knightsbridge

    First in Canada to apply a holistic approach to human capital solutions,
Knightsbridge delivers integrated, sustainable solutions to complex human
capital challenges. The company's broad reaching services include talent
attraction through its Executive Search and Interim management businesses,
talent retention and engagement including organizational and leadership
development, coaching and assessment and career management and transition.
Knightsbridge is a strategic partner who works to align clients' talent
strategy to business strategy.
    Knightsbridge has 22 offices across Canada and the U.S. including the
major cities of Halifax, Montreal, Toronto, Calgary and Vancouver and serves
clients outside of the country through strategic alliances with Penna plc in
the United Kingdom, Lee Hecht Harrison with its complement of career
management services in the U.S. and Amrop Hever, a global Executive Search
partnership of which Knightsbridge is a member.
    The company employs more than 150 people in offices worldwide and is able
to serve clients in 13 languages. Following the acquisition Knightsbridge will
employ over 220 people in Canada and the U.S. For more information, visit
www.knightsbridge.ca.

    About Axsium Group Inc.

    Axsium Group Inc. is the industry leader in Workforce Management
consulting, dedicated to delivering business and technology advisory services
to large, highly distributed organizations. With a singular focus on Workforce
Management and through a combination of business and technology best practice
expertise, our clients gain access to trusted business advisors and technology
experts with unmatched experience. Axsium Group has worked with world-class
workforce management solutions for customers such as International Paper,
Safeway, American Eagle, Bank of America, Raley's and Duane Reade. For more
information, visit www.axsiumgroup.com.





For further information:

For further information: Knightsbridge: Melinda McInnes or Dianna Young,
Cohn & Wolfe, (416) 924-5700, melinda.mcinnes@cohnwolfe.ca,
dianna.young@cohnwolfe.ca; Axsium Group: Liz Roth, Marketing Manager, Axsium
Group, (416) 849-5400 x5442, lroth@axsiumgroup.com

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Knightsbridge Human Capital Solutions

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