EX-99.2
3
dex992.htm
PRESS RELEASE OCTOBER 1,2004
Press Release October 1,2004
Exhibit 99.2
Hewitt Associates, Inc.
100 Half Day Road
Lincolnshire, IL 60069
Tel (847) 295-5000
Fax (847) 295-7634
www.hewitt.com
For Immediate Release
October 1,
2004
Argentina
Australia
Austria
Belgium
Brazil
Canada
Channel Islands
Chile
China
Czech Republic
France
Germany
Greece
Hong Kong
Hungary
India
Ireland
Italy
Japan
Malaysia
Mauritius
Mexico
Netherlands
Philippines
Poland
Puerto Rico
Singapore
South Africa
South Korea
Spain
Sweden
Switzerland
Thailand
United Kingdom
United States
Venezuela
Media Contact: Jennifer Frighetto, (847) 442-7663, jennifer.frighetto@hewitt.com
Investor Contact: Jennifer Rice, (847) 295-5000, investor.relations@hewitt.com
Hewitt Announces Completion of Merger with Exult,
Creating Clear
Leader in HR Outsourcing Industry
Hewitt Will Ring NYSE Opening Bell on
October 4 to Celebrate
LINCOLNSHIRE, Ill. - Hewitt Associates, Inc.
(NYSE: HEW), a global human resources services firm, announces the completion of its merger with Exult, Inc. (NASDAQ: EXLT), creating the clear leader in the HR business processing outsourcing (BPO) industry. Hewitt and Exult stockholders voted to
approve the companies' proposed merger agreement yesterday (September 30, 2004).
The combined organization, known as Hewitt Associates, Inc., will be the leading provider of HR BPO services with a market share greater than 30 percent.1 Hewitt already serves more than 300 companies and more than 18 million employees with benefits outsourcing services.
To celebrate the completion of its merger with Exult, Hewitt will ring the Opening Bell at the New York Stock Exchange on Monday, October 4.
Dale Gifford, Hewitt Chairman and CEO, will ring the bell while Bryan Doyle, HR outsourcing leader, and other members of management and the Board will be in attendance.
-more-
1
Source: Everest Partners, LP, based on total contract value for the indicated contract term and Gildner & Associates, Inc., based on number of clients with more
than 10,000 employees. Hewitt makes no representation as to the accuracy of these estimates.
"This is a special day for Hewitt as we have successfully completed the most significant deal in our firm's 64-year history
to create the leader in the HR BPO industry", said Gifford. "Hewitt now has the most comprehensive and flexible solution in the marketplace, providing companies with unmatched execution, excellence and experience in HR".
About Hewitt Associates
With more than 60 years of experience, Hewitt Associates (NYSE: HEW) is the world's foremost provider of human resources outsourcing
and consulting services. The firm consults with more than 2,300 companies and administers human resources, health care, payroll and retirement programs on behalf of more than 300 companies to millions of employees and retirees worldwide. For more
information, please visit www.hewitt.com.
# # #
2

EX - 99 . 2 3 dex992 . htm PRESS RELEASE OCTOBER 1 , 2004 Press Release October 1 , 2004 Exhibit 99 . 2 Hewitt Associates , Inc . 100 Half Day Road Lincolnshire , IL 60069 Tel ( 847 ) 295 - 5000 Fax ( 847 ) 295 - 7634 www.hewitt.com For Immediate Release October 1 , 2004 Argentina Australia Austria Belgium Brazil Canada Channel Islands Chile China Czech Republic France Germany Greece Hong Kong Hungary India Ireland Italy Japan Malaysia Mauritius Mexico Netherlands Philippines Poland Puerto Rico Singapore South Africa South Korea Spain Sweden Switzerland Thailand United Kingdom United States Venezuela Media Contact : Jennifer Frighetto , ( 847 ) 442 - 7663 , jennifer.frighetto@hewitt.com Investor Contact : Jennifer Rice , ( 847 ) 295 - 5000 , investor.relations@hewitt.com Hewitt Announces Completion of Merger with Exult , Creating Clear Leader in HR Outsourcing Industry Hewitt Will Ring NYSE Opening Bell on October 4 to Celebrate LINCOLNSHIRE , Ill . - Hewitt Associates , Inc . ( NYSE : HEW ) , a global human resources services firm , announces the completion of its merger with Exult , Inc . ( NASDAQ : EXLT ) , creating the clear leader in the HR business processing outsourcing ( BPO ) industry . Hewitt and Exult stockholders voted to approve the companies ' proposed merger agreement yesterday ( September 30 , 2004 ) . The combined organization , known as Hewitt Associates , Inc . , will be the leading provider of HR BPO services with a market share greater than 30 percent . 1 Hewitt already serves more than 300 companies and more than 18 million employees with benefits outsourcing services . To celebrate the completion of its merger with Exult , Hewitt will ring the Opening Bell at the New York Stock Exchange on Monday , October 4 . Dale Gifford , Hewitt Chairman and CEO , will ring the bell while Bryan Doyle , HR outsourcing leader , and other members of management and the Board will be in attendance . - more - 1 Source : Everest Partners , LP , based on total contract value for the indicated contract term and Gildner & Associates , Inc . , based on number of clients with more than 10,000 employees . Hewitt makes no representation as to the accuracy of these estimates . " This is a special day for Hewitt as we have successfully completed the most significant deal in our firm 's 64 - year history to create the leader in the HR BPO industry " , said Gifford . " Hewitt now has the most comprehensive and flexible solution in the marketplace , providing companies with unmatched execution , excellence and experience in HR " . About Hewitt Associates With more than 60 years of experience , Hewitt Associates ( NYSE : HEW ) is the world 's foremost provider of human resources outsourcing and consulting services . The firm consults with more than 2,300 companies and administers human resources , health care , payroll and retirement programs on behalf of more than 300 companies to millions of employees and retirees worldwide . For more information , please visit www.hewitt.com . # # # 2