Omnicom Takes Stake in Internet Hiring Systems Leader Recruitsoft

San Francisco, CA – (BUSINESS WIRE) – March 3, 2000 –

Omnicom Group (NYSE:OMC), the world’s leading provider of marketing communications and advertising services, has invested in Internet hiring systems leader Recruitsoft, according to Louis Tetu, Recruitsoft’s CEO. Omnicom’s investment was made through its Internet investment arm, Communicade.

Omnicom has been a successful investor in Internet properties and holds stakes in companies in interactive marketing and digital media development such as AGENCY.com, Razorfish.com, Organic.com, Red Sky Interactive, Nuforia, and Dash.com.

"In our view, Recruitsoft’s technology and ASP is a complete recruitment platform that has enormous value to corporate recruiters," commented John Wren, Omnicom’s CEO. "A Web-based solution that encompasses the entire recruiting process and establishes effective dialogs with large numbers of qualified prospective employees, is going to dominate the corporate recruiting field in the years to come. Recruitsoft has emerged as the leader in this market," Mr. Wren added.

Commenting on the Omnicom investment, Mr. Tetu said, "Omnicom’s successful track record as a strategic investor within the Internet space, combined with their world leading marketing communications and advertising services, including recruitment advertising, makes them an ideal partner for us."

"Prospective employees are increasingly a very important audience for corporate marketing. Omnicom’s involvement adds tremendous leverage to Recruitsoft by bringing the innovative principles of one-to-one marketing to the recruiting area." he added.

About Omnicom Group
Omnicom Group Inc. (NYSE:OMC) is the world’s leading provider of marketing communications and advertising services. The Omnicom Group companies service clients through worldwide, national and regional independent agency brands. These brands include BBDO Worldwide, DDB Worldwide and TBWA Worldwide. Omnicom also includes Diversified Agency Services (DAS), which operates a branded independent agencies in public relations, specialty advertising, and direct response and promotional marketing; Optimum Media Direction, Goodby Silverstein & Partners, and Communicade, which manages significant minority investments in several leading Internet and digital media development companies.

About Recruitsoft
Recruitsoft is a California-based company providing the most complete on-line recruiting solutions for corporations. Recruitsoft’s Recruiter Webtop™ application powers the network of career Web pages of large corporations. This end-to-end solution offers a complete business application service over the Web that supports every aspect of the corporate recruiting process including requisition workflow management, e-headhunting and sourcing management, collaborative recruiting management, candidate relationship management and Web access to recruitment enhancement services by Bernard Hodes Group.

Recruitsoft’s solution is unique in its ability to manage and process all sources of candidates, both active and passive. It also provides on-line skill-based recruiting that automates pre-screening and electronic head-hunting. Recruitsoft’s customers include major corporations in North America in the fields of aerospace, technology, communications, manufacturing, finance and professional services.

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