DESCRIPTION OF BUSINESS Hudson Global, Inc. and its subsidiaries (the  Company ) are comprised of the operations, assets and liabilities of the three Hudson regional businesses of Hudson Americas, Hudson Asia Pacific, and Hudson Europe ( Hudson regional businesses  or  Hudson ). The Company provides specialized professional-level recruitment and related talent solutions worldwide. The Company s core service offerings include Permanent Recruitment, Temporary Contracting, Recruitment Process Outsourcing ( RPO ) and Talent Management Solutions. As of December 31, 2014 , the Company had approximately 1,800 employees operating in 18 countries with three reportable geographic business segments: Hudson Americas, Hudson Asia Pacific, and Hudson Europe. The Company s core service offerings include those services described below. Permanent Recruitment: Offered on both a retained and contingent basis, Hudson s Permanent Recruitment services leverage its consultants, psychologists and other professionals in the development and delivery of its proprietary methods to identify, select and engage the best-fit talent for critical client roles. Temporary Contracting: In Temporary Contracting, Hudson provides a range of project management, interim management and professional contract staffing services. These services draw upon a combination of specialized recruiting and project management competencies to deliver a wide range of solutions. Hudson-employed professionals - either individually or as a team - are placed with client organizations for a defined period of time based on a client's specific business need. RPO: Hudson RPO delivers both permanent recruitment and temporary contracting outsourced recruitment solutions tailored to the individual needs of primarily mid-to-large-cap multinational companies. Hudson RPO's delivery teams utilize state-of-the-art recruitment process methodologies and project management expertise in their flexible, turnkey solutions to meet clients' ongoing business needs. Hudson RPO services include co