Korn/Ferry International (NYSE:KFY) was founded in 1969 and is headquartered in Los Angeles, California, with 7,000 full-time employees. It is a management consulting company that, together with its subsidiaries, provides talent management solutions worldwide.
Korn/Ferry International (KFY) US stock encyclopedia:
Korn Ferry Consulting is divided into 3 departments to operate: Executive Search (headhunting company), Hay Group and Futurestep. Services include :
1. Provide executive recruitment services for customers in consumer, financial services, industrial, life science/healthcare providers, technology and education/non-profit industries to fill executive positions, such as directors, CEOs, and chief executives Financial officers, chief operating officers, chief information officers, chief human resources officers and other senior managers.
2. It also provides talent strategy, succession management and leadership development, as well as rewards, incentives and participation solutions to assist clients in continuous evaluation, compensation and leadership development.
3. In addition, the company also provides various talent recruitment solutions, including recruitment process outsourcing, project recruitment, professional search, talent consultation and employer brand building, as well as personal professional search and consulting services.
Korn/Ferry International Consulting provides services to public and private companies, mid-market and emerging growth companies, as well as government and non-profit organizations.
Korn/Ferry International (KFY) History Encyclopedia:
- In 1969, Lester Korn and Richard Ferry founded the company.
- In 1972, the company went public for the first time (IPO) and acquired all outstanding shares for privatization two years later (1974).
- In the 1970s, Korn Ferry expanded internationally by acquiring small and medium-sized enterprises and establishing subsidiaries of Korn Ferry International. One example is Korn Ferry International Japan, which was established in Japan in 1973.
- With the opening of Korn Ferry International Singapore in 1975, the company has 41 offices in 20 countries.
- In 1977, Korn Ferry International acquired Hazzard & Associados in Mexico City.
- In 1978, Korn/Ferry International Consultants established offices in Malaysia and Hong Kong and acquired the British company John Stork.
- In 1979, Korn Ferry International acquired Guy Pease Associates in Australia.
- In 1987, Korn Ferry opened an office in Bangkok, Thailand. At that time, it had 37 offices in 15 countries, serving approximately 1,250 client companies and organizations.
- In 1989, the company’s revenue exceeded US$100 million for the first time (equivalent to US$197 million in 2015).
- In 1993, under the leadership of Richard Ferry, Korn Ferry acquired Carre Orban and Partners and merged its European businesses into Korn/Ferry Carre/Orban International.
- Korn Ferry opened their first offices in India (1994), China (1995), Indonesia (1996) and South Korea (1998).
- In 1999, Korn/Ferry International acquired German company Hofman Herbold and Australian company Amrop International for US$3.8 million.
- In 2000, Korn/Ferry International Consulting acquired the PA Consulting Group in London for approximately US$35 million (equivalent to US$49.7 million in 2015).
- In 2000, Korn/Ferry Consulting International purchased the Boston-based Westgate Group, which specializes in financial services headhunting.
- In May 2000, Korn Ferry acquired Pratzer & Partners Inc., a Canadian executive recruitment company.
- In 2001, acquired Levy Kerson, Helstrom Turner & Associates (specializing in retail and fashion industry) and Pearson, Caldwell, and Farnworth (specializing in financial search industry).
- In 2006, Korn Ferry acquired Lominger International of Golden Valley, a leading development tool company, for US$24 million. This move was designed to diversify Korn Ferry’s products beyond recruitment.
- In 2007, Korn/Ferry Consulting International acquired LeaderSource, a privately held, 25-employee, Minneapolis company founded by Kevin Cashman in 1986 and had revenues of $3.5 million in 2006.
- In 2008, Korn Ferry acquired Lore International Institute.
- In June 2009, Korn Ferry acquired Whitehead Mann, a London-based headhunting company.
- In 2010, Korn/Ferry International acquired Sensa Solutions.
- In 2013, Korn Ferry completed the acquisition of PDI Ninth House in Minneapolis for US$80 million.
- In 2015, Korn Ferry acquired Pivot Leadership.
- In September 2015, Korn Ferry Consulting Co., Ltd. acquired Hay Group, a human resources consulting company, with a value of US$452 million in cash and stock. As part of the transaction, Korn Ferry merged its Leadership and Talent Consulting business with Hay Group to create A human resources consulting company with 7,000 employees.