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Idox lets TFPL Recruitment go.

Information World Review

| February 05, 2007 | COPYRIGHT 2007 Incisive Media, published with the permission of Incisive Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Tracey Caldwell

Idox lets TFPL Recruitment go

Tracey Caldwell

TFPL Recruitment is up for sale following a year when the information management recruitment market saw a marked shift away from contract to permanent appointments.

The resulting loss of contract income led to a 10.4% fall in TFPL Recruitment's combined revenues despite the agency reporting levels of permanent recruitment 63.7% above previous years.

Poor trading at beginning of 2006, blamed on a slowdown in local authority purchasing, triggered a restructuring of Idox to focus on its core software businesses and divest the rest.

Information services company Idox acquired TFPL Recruitment in 2004.

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Source: HighBeam Research, Idox lets TFPL Recruitment go.