Resources Connection, Inc. Acquires Practice In India

April 12, 2006 12:00 AM EDT
Resources Connection, Inc. Acquires Practice In India

"This acquisition provides Resources Global Professionals access to world-class talent needed to assist in serving our existing Asian practices in Beijing, Hong Kong, Singapore, Taipei and Tokyo, as well as offering us the opportunity to service the needs of new clients in India," said Don Murray, Chairman and CEO of Resources Connection, Inc.. "Our company's long-term strategy is to continue expanding to serve our multinational clients and this is another step towards achieving that goal." Resources Global Professionals, the operating subsidiary of Resources Connection, serves clients in North America, Europe and Asia Pacific.

"Mr. Chandrashekhar and Mr. Raviraj, both experienced financial professionals in the Indian business community, will provide leadership and local knowledge – a combination that has proved successful for our company's international growth," said Murray.

"India is emerging as one of the fastest-growing economies on the globe," said Chandrashekhar. "With a population of more than 1 billion and a vast, untapped market for products and services, this country provides huge opportunities for Resources Global Professionals. Our company is in good stead to ride the boom – it's a right step, in the right direction, at the right time."

ABOUT RESOURCES GLOBAL PROFESSIONALS
Resources Global Professionals, Inc. is an international professional services firm that provides accounting and finance, human capital, information management, supply chain management and internal audit/risk management, and legal services on a project basis. The Company was originated as part of Deloitte & Touche LLP in North America. Its legacy in Europe is from Ernst & Young and in Asia Pacific from Deloitte Touch Tohmatsu Australia and Deloitte Touch Tohmatsu Taiwan. Resources Global Professionals today is completely independent, autonomous and publicly traded on NASDAQ. In addition to its project professional services, Resources Global Professionals has established itself as a leading business services provider for companies seeking independent and cost-effective assistance for meeting or complying with many of the complex business and regulatory issues in today's marketplace.

Headquartered in Costa Mesa, California, the company operates from more than 70 domestic and international offices. The U.S. client portfolio boasts nearly 40 of the Fortune 50 companies as well as 46 of the Global Fortune 100. The company was named to Forbes Best 200 Small Companies list for the fourth consecutive year, most recently at #16, and is #3 on Forbes 100 Best Mid-Cap Stocks list. More information about the company is available at: http://www.resourcesglobal.com.