Kenexa� began operations in 1987 as a provider of recruitment services to a wide variety of industries. In 1993, we offered our first automated talent acquisition system, and by 1997, we had expanded to provide employee research, employee performance management technology and consulting services. In late 1997, responding to growing demand from our customers, we embarked on a strategy to provide comprehensive human capital management services integrated with on-demand software. Between 1994 and 1998, we acquired 15 businesses that collectively enabled us to offer comprehensive HCM services integrated with on-demand technology. In 1999, we embarked on a strategy that would augment our recruitment process outsourcing and employee performance management solutions, and reduce our strategic focus on discrete professional services. As a result of this shift, we exited our temporary staffing business, and acquired four businesses between 2000 and 2001. These acquisitions enhanced our screening and behavioral assessment solutions and skills testing technologies. Since 2002, we have reduced our strategic focus on position-specific recruiting services, discontinued our Oracle implementation business and sold our pharmaceutical training division. On June 29, 2005, we completed our initial public offering, and in 2006, we enhanced our recruitment process outsourcing solutions and client base through the acquisitions of Webhire, Inc., Knowledge Workers Inc., Gantz Wiley Research, Psychometric Services Ltd., and BrassRing Inc. In June 2007, Kenexa acquired recruitment process outsourcing pioneer, StraightSource. Kenexa also acquired Germany-based HRC Human Resources Consulting GmbH in August 2007 to expand our presence and growth in mainland Europe. Throughout 2008, Kenexa has expanded its global footprint to include 26 offices and locations in North America, Europe, the Middle East and Asia Pacific. These global locations support the continued expansion of services to our growing client base. Specifically, in March 2008, Kenexa opened a state-of-the-art campus in Vizag, India, which serves as a key development center for Kenexa�s technology innovation. Most recently, in April 2008, Kenexa acquired Quorum International, a global recruitment process outsourcing provider to expand our leadership position, reach and customer delivery capabilities in Europe, the Middle East and Africa. Today, Kenexa is the leader in building the world�s greatest workforces by using the unique combination of software, science and business process optimization. We�re pleased to have touched the lives of more than 100 million people worldwide, fulfilling our purpose of globally serving humanity, everyday.