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ecrm people has been acquired by InterQuest Group (Sept 07)
26/09/2007

ecrm people has been acquired by InterQuest GroupInterQuest Group Plc ('InterQuest' or 'the Group'), today (26th Sept 07) announces the acquisition of ecrm people Limited ('ecrm') for total consideration of up to £4.95m and the appointment of Chris Smith and Steven Morrisey, joint M.D`s of ecrm, to the Group's operational management board.

In the year to 31 July 2007, ecrm reported audited turnover of £10.03m and audited adjusted profit before tax of £0.71m. Net assets at 31 July 2007 were £0.55m.

The Board of Interquest believes that the acquisition is another milestone in the Group's development into one of the UK`s leading providers of niche IT recruitment services and that the acquisition will be earnings enhancing within the first year.

Gary Ashworth (Group Executive Chairman) said: 'We are delighted to welcome Chris, Steve and their team to the Group and to add another fast growing, specialist business to the others already in the Group.'

For further information please contact:
InterQuest Group Tel: 020 7025 0100

www.interquestgroup.com