Hudson Global Announces Expanded Relationship With Sagard Capital Partners

Hudson Global Announces Expanded Relationship With Sagard Capital Partners

NEW YORK, May 16, 2013 (GLOBE NEWSWIRE) -- Hudson Global, Inc. (Nasdaq:HSON),
a global talent solutions company with expertise in leadership and specialized
recruitment, contracting solutions, recruitment process outsourcing and
eDiscovery, today announced it has entered into an agreement to expand its
relationship with Sagard Capital Partners, L.P., one of its largest
shareholders. The agreement provides for Sagard Managing Partner Dan Friedberg
to attend Hudson's Board and Board committee meetings as a non-voting
participant. By providing Sagard with greater access, Hudson believes that
Sagard can gain a deeper understanding of Hudson's business and can therefore
offer an additional perspective, taking into account their investing and
consulting experience in multiple industries and with numerous companies of
Hudson's size. 

"We are delighted that an investor like Sagard Capital Partners shares our
vision and recognizes the significant potential within Hudson," commented
Manuel Marquez, Chairman and Chief Executive Officer at Hudson. "Sagard has a
reputation for investing in and partnering with organizations where it sees
meaningful long-term prospects," said Mr. Marquez."Sagard brings a team with
strategic, operating and financial expertise and a history of working in
support of the long-term goals of the companies in which they invest.We
believe that this relationship will help progress our strategy and solidify
our path."

Dan Friedberg, Managing Partner at Sagard, commented, "We are pleased to be
increasing our level of involvement with Hudson. We believe that there are
strong structural changes under way which support the long-term prospects of
the industry, and that Hudson has key assets which are well positioned to be
successful given these changes."

Sagard initially invested in Hudson in 2010 and has steadily increased its
position since then, holding 14.3% of the outstanding shares of Hudson stock.

About Hudson

Hudson is a global talent solutions company with expertise in leadership and
specialized recruitment, contracting solutions, recruitment process
outsourcing, talent management and eDiscovery. We help our clients and
candidates succeed by leveraging our expertise, deep industry and market
knowledge, and proprietary assessment tools and techniques. With approximately
2,000 people in approximately 20 countries, and relationships with millions of
specialized professionals, we bring an unparalleled ability to match talent
with opportunities by assessing, recruiting, developing and engaging the best
and brightest people for our clients. We combine broad geographic presence,
world-class talent solutions and a tailored, consultative approach to help
businesses and professionals achieve higher performance and outstanding
results. More information is available at

About Sagard

Sagard Capital Partners, L.P. is a long-term investor in public and private
small and mid-sized companies. Sagard Capital is an evergreen fund with an
indefinite holding period for its investments. Sagard specializes in flexible
equity structures in minority and control positions that best address a
company's needs. Sagard partners with management teams committed to driving
long-term value, through a combination of capital, a global network of
relationships, a team built to deliver value-added support, and a focus on
building strong, sustainable leading businesses over the long term. Additional
information may be found at

Forward-Looking Statements

This press release contains statements that Hudson believes to be
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. All statements other than statements of
historical fact included in this press release, including statements regarding
Hudson's future financial condition, results of operations, business
operations and business prospects, are forward-looking statements. Words such
as "anticipate," "estimate," "expect," "project," "intend," "plan," "predict,"
"believe" and similar words, expressions and variations of these words and
expressions are intended to identify forward-looking statements. All
forward-looking statements are subject to important factors, risks,
uncertainties and assumptions, including industry and economic conditions'
that could cause actual results to differ materially from those described in
the forward-looking statements. Such factors, risks, uncertainties and
assumptions include, but are not limited to, global economic fluctuations;
risks related to fluctuations in the company's operating results from quarter
to quarter; the ability of clients to terminate their relationship with the
company at any time; competition in the company's markets; risks associated
with the company's investment strategy; risks related to international
operations, including foreign currency fluctuations; the company's ability to
implement cost reduction initiatives effectively, including the recently
announced restructuring program; the company's dependence on key management
personnel; the company's ability to attract and retain highly skilled
professionals; risks in collecting the company's accounts receivable; the
negative cash flows and operating losses that the company has experienced from
time to time in the past may reoccur in the future; restrictions on the
company's operating flexibility due to the terms of its credit facilities; the
company's heavy reliance on information systems and the impact of potentially
losing or failing to develop technology; risks related to our dependence on
uninterrupted service to clients; the company's exposure to employment-related
claims from both clients and employers and limits on related insurance
coverage; volatility of the company's stock price; the impact of government
regulations; and restrictions imposed by blocking arrangements. Additional
information concerning these and other factors is contained in Hudson's
filings with the Securities and Exchange Commission. These forward-looking
statements speak only as of the date of this document. Hudson assumes no
obligation, and expressly disclaims any obligation, to update any
forward-looking statements, whether as a result of new information, future
events or otherwise.

CONTACT: David F. Kirby

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