Washington, DC (October 2, 2007) --
FOCUS, LLC a national middle market investment banking firm
providing merger, acquisition, divestiture and corporate
finance services announced today that AY Recruiting Solutions,
with headquarters in Fairfax, Virginia, has been acquired
by Hobsons U.S., with US headquarters located in Cincinnati,
Ohio. FOCUS represented AY Recruiting in the transaction.
AY Recruiting Solutions
has been serving the higher education admissions market
for fifteen years. For the past eight years, AY has been
providing an internet-based student admissions system designed
to help subscribing schools more effectively manage recruitment
communications and data management workflow applications.
Today, more than 300 top colleges and universities use
AY’s technology and applications
to manage their recruitment and admissions process. The Company’s
products are run in a “software-as-a-service” model.
AY Recruiting Solutions is also the exclusive outsourced
service provider to Common Application Online, a non-profit
consortium of over 300 undergraduate private liberal arts
institutions.
Hobsons U.S., a part of the Daily Mail and
General Trust, has been serving the higher education market
for more than 30 years. The Company partners with colleges
and universities to enhance and empower their enrollment
and admissions effort. Hobsons U.S. has been operating in
the United States since 1994, with business areas including
publishing products, multimedia services, enrollment technology,
research and events. Hobson has over 1300 college and university
clients throughout the world.
“For over 30 years, Hobsons has reached
out to students with important and timely information to
educate them about their educational path. Hobson’s
complimentary, strategic objective is to provide the best
products and services to our client colleges and universities
to assist them in college recruitment and admissions. Our
acquisition of AY Recruiting Solutions will keep us on the
forefront of that effort” said Craig Heldman, President
of Hobsons,U.S.
Len Metheny, President
and CEO of AY Recruiting Solutions also commented “With
the dramatic growth in our business over the last several
years and our recent award of the Common Application Online
contract, we determined that we needed to attract a much
larger corporate acquisition partner. Hobson, U.S., with
its extraordinary reputation in the higher education market
is the ideal partner for our company.”
About FOCUS, LLC
FOCUS, LLC provides a range
of middle market investment banking services across the
U.S. with an emphasis on mergers, acquisitions, divestitures
and corporate finance. FOCUS is headquartered in Washington,
D.C. with regional offices in Atlanta, Chicago and San
Francisco. FOCUS
specializes in business units with transactions or revenues
in the $5-300 million range, serving entrepreneurs, corporate
owners and various types of investors across a broad range
of industries, throughout the US and worldwide. All
FOCUS bankers are seasoned operating and financial executives
with extensive transaction experience. Securities transactions
are conducted by affiliated FINRA broker dealer, Wm H. Murphy
Co. For more information on FOCUS, visit www.focusbankers.com.
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