Investcorp acquires PRO Unlimited

New York, NY, October 30, 2014 - Investcorp, a global provider and manager of alternative investment products, today announced that it has acquired PRO Unlimited, a leading provider of software and services that enable large enterprises to more effectively manage their contingent workforce. Terms of the transaction were not disclosed.

Founded in 1991, PRO Unlimited delivers a full range of services to address procurement, management and compliance issues related to contingent workers, including independent contractors, consultants, temps and freelancers. PRO operates in 52 countries and provides services to some of the world's largest and most prestigious companies through its integrated, vendor-neutral software and services platform.

Headquartered in Boca Raton, FL, PRO Unlimited has approximately 600 employees and provides an integrated, purely vendor-neutral platform to manage its customers' contingent workforce spend. Through its proprietary cloud-based software (WAND), and its Managed Service Program, PRO provides end-to-end management services for an organization's entire contingent labour procurement practice. PRO's solutions help clients reduce costs, mitigate risks and address numerous other critical issues. The company also provides similar services to the healthcare arena through its industry leading RightSourcing subsidiary.