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Covington Advises Technisource on Spherion Acquisition

11/16/2007

NEW YORK, NY, November 16, 2007 — Technisource, Inc. announced it has signed a definitive agreement to be acquired by Spherion Corporation for total consideration of $140 million. Covington & Burling LLP advised Technisource on the transaction.

Spherion Corporation is a leading recruiting and staffing company that provides integrated solutions to meet the evolving needs of companies and job candidates. Technisource is one of the nation’s leading IT staffing companies and is majority-owned by private equity firm Charlesbank Capital Partners.

The Covington corporate team was led by partner Stephen Infante and included associates Sean Ward and Christine McMillan.

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