-Combined teams will leverage expertise, advanced artificial intelligence to 
specialize in all levels of professional recruitment-

Retained executive search firm Caldwell (TSX: CWL) has signed a definitive 
agreement to acquire IQTalent Partners, a talent acquisition and recruitment 
firm offering consulting, candidate sourcing, candidate research, and 
full-cycle recruiting to its clients, with an anticipated close date of 
December 31, 2020. The companies will combine to create a technology-powered 
talent acquisition firm specializing in recruitment at all levels, driving 
growth and increased profitability for both. 

Logo - https://mma.prnewswire.com/media/1391165/Caldwell_50_logo.jpg 
Logo - https://mma.prnewswire.com/media/1391166/IQTalent_Partners_Logo.jpg 

"For 50 years, Caldwell has been connecting clients with transformational 
talent. With this merger, we are setting our sights on transforming the world 
of talent," said John Wallace, chief executive officer of Caldwell. "IQTalent 
Partners' unique service model and innovative use of technology, paired with 
Caldwell's expertise, network and resources will allow us to serve our clients 
in a more integrated fashion and allow us to have a greater impact on their 
long-term success, which remains our primary mandate."

Founded in 2009, IQTalent Partners provides talent acquisition solutions in a 
scalable and adaptable on-demand format. Leveraging a unique recruiting 
services model, the firm has partnered with more than 300 corporations from 
Fortune 500s to startups across a wide range of industries and functions 
throughout North America, Europe, Australia, Asia and South America. 

IQTalent Partners recently launched IQTalent Xchange, an original market 
concept using advanced artificial intelligence combined with human expertise to 
create a passive candidate marketplace. The proprietary platform includes more 
than 300 million global professionals, offering its customers unprecedented 
access to the most qualified candidates.

"At IQTalent Partners our mission is to find a better way for companies and 
candidates to find a match," said David Windley, chief executive officer of 
IQTalent Partners. "The merger with Caldwell strengthens our offerings to our 
clients at the executive search level and expands our access to a wider range 
of industry expertise, giving our clients one trusted go-to partner for their 
professional level recruiting needs, all the way through to the C-suite and 
Boardroom."

Windley added: "IQTalent Partners has seen explosive growth in the last six 
years, with a CAGR of 45% per year. Coupled with the power, network and 
resources of Caldwell, we expect to see accelerated growth."

Operating as two distinct brands with two different service offerings and 
pricing models, the two firms will take a collaborative approach to provide a 
unified and seamless client experience. 

Wallace continued: "Caldwell has a history of forward-thinking strategy – in 
2009 when many firms in the recruitment industry contracted, we leveraged our 
financial strength to establish new sector practices and a significant presence 
in the US market, more than doubling our revenue-producing potential and 
sparking a decade of continuous growth," said John Wallace, chief executive 
officer of Caldwell. "We are confident that this is an investment in innovative 
models and technologies, and that combining our resources, network and team 
with the those of IQTalent Partners will drive a new and even more impressive 
era of growth."

About Caldwell 

At Caldwell we believe Talent Transforms. As a leading provider of executive 
talent, we enable our clients to thrive and succeed by helping them identify, 
recruit and retain their best people. Our reputation–nearly 50 years in the 
making–has been built on transformative searches across functions and 
geographies at the very highest levels of management and operations. We 
leverage our skills and networks to also provide agile talent in the form of 
flexible and on-demand advisory solutions for companies looking for support in 
strategy and operations. With offices and partners across North America, Europe 
and Asia Pacific, we take pride in delivering an unmatched level of service and 
expertise to our clients.

Caldwell's Common shares are listed on The Toronto Stock Exchange (TSX: CWL). 
Please visit our website at www.caldwellpartners.com for further information. 

About IQTalent Partners 

IQTalent Partners, Inc., is a talent acquisition and executive search firm 
offering consulting, candidate sourcing, candidate research, and full cycle 
recruiting to its clients. It uses a unique on-demand business model in which 
IQTP augments the client's in-house talent acquisition team in a partnership 
without commissions or long-term contracts. Founded in 2009 with a mission to 
find a better, more cost-effective, and efficient way for organizations and 
candidates to find a match, the company has partnered with more than 300 
corporations from Fortune 500s to startups.


Investors: Chris Beck, CPA, Chief Operating and Financial Officer, 
cbeck@caldwellpartners.com, +1 (617) 934-1843; Media: Caroline Lomot, Director 
of Marketing, clomot@caldwellpartners.com, +1 (516) 830-3535



SOURCE: The Caldwell Partners International Inc.