Korn/Ferry International Inc. said on Monday that it has acquired Sensa Solutions, a Washington D.C.-area management consultant that primarily serves U.S. government agencies.
The acquisition opens a new market for Korn/Ferry, which has been hurt as corporate clients cut hiring in the recession. The Los Angeles staffing company said it expects the deal to add to its earnings within 12 to 18 months.
Terms were not disclosed.
Sensa is based in McLean, Va. and provides strategic planning, executive coaching, training and human resources development. Its chief executive, Vicki Tarallo, will join Korn/Ferry, continuing to run the Sensa business.
Shares closed up 51 cents, or 3 percent, to $17.01 on the New York Stock Exchange.
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