HR Administration

Korn/Ferry to Pay $80 Million for Leadership Firm

By Staffing Analysts

Dec. 6, 2012

Executive search firm Korn/Ferry International Inc. (NYSE: KFY) signed a deal to acquire leadership advisory firm PDI Ninth House for $80 million in cash at closing plus an earn-out of up to $15 million. PDI Ninth House provides leadership assessments, leadership development services, coaching, online learning for leaders and leadership strategy services.

The deal marks the second major acquisition of a leadership consulting firm for Korn/Ferry. In September, it acquired Global Novations LLC for $35 million in cash plus an earn-out of $5 million, according to a filing with the U.S. Securities and Exchange Commission. Global Novations provides diversity and leadership offerings that include consulting, training, education and e-learning.

PDI Ninth House is on track for fee revenue of between $90 million and $100 million this year and is based in Minneapolis. Korn/Ferry expects to close the acquisition by the end of the year.

“We believe the combined suite of talent management offerings, rich intellectual property and world-class people will immediately increase Korn/Ferry’s depth and scale in being the most relevant leadership organization in the world,” Korn/Ferry CEO Gary Burnison. “PDI Ninth House not only has capabilities that are a strong fit for our clients, but they share our same vision that despite all of the technological innovations of the past century, it is still great people that drive business success.”

Korn/Ferry also today posted revenue of $196.2 million in its fiscal second quarter ended Oct. 31. Revenue was down 2.0 percent from the same period last year.

Staffing Industry Analysts is a sister company of Workforce Management. Comment below or email

Stay informed and connected. Get human resources news and HR features via Workforce Management’s Twitter feed or RSS feeds for mobile devices and news readers.


blog workforce

We build robust scheduling & attendance software for businesses with 500+ frontline workers. With custom BI reporting and demand-driven scheduling, we help our customers reduce labor spend and increase profitability across their business. It's as simple as that.

Book a call
See the software

Related Articles

workforce blog

HR Administration

Policy management: What is it and what does it look like for HR?

Summary Policy management involves the creation and maintenance of administrative procedures and guidel...

hr policy, policy automation, policy management

workforce blog


Minimum Wage by State in 2022 – All You Need to Know

Summary The federal minimum wage rate is $7.25, but the rate is higher in 30 states, along with Washing...

federal law, minimum wage, pay rates, state law, wage law compliance

workforce blog

HR Administration

Rest and lunch break laws in every US state

Summary Federal law does not require meal or rest breaks Some states have laws requiring meal and rest ...