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Hudson Global Announces Expanded Relationship With Sagard Capital Partners

Hudson Global Announces Expanded Relationship With Sagard Capital Partners

Hudson Global, Inc. has 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.

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