Randstad buys outplacement firm RiseSmart for $100 million

The world’s second-largest staffing firm provided outplacement services before the acquisition, but RiseSmart will be the company’s outplacement provider in the US going forward. Plans call for RiseSmart to operate independently as part of the Randstad Soureright operations. RiseSmart President and CEO Sanjay Sathé will remain, and the business will continue to be based in San Jose, Calif.