Solutions firm celebrates 25 years on Nasdaq amid COVID-19 pandemic
Tampa, FL – August 14, 2020 – Kforce, an award-winning solutions firm, celebrates a milestone on August 15 after thriving for 25 years as a publicly-traded company. With over 55 years of history, the firm has been through more than 20 acquisitions, the dot-com boom and today’s challenges of a global pandemic but has continuously come out on top.
“I remember when we first traded under the symbol ROMC with an adjusted price of $3 per share as a $35 million dollar firm. We were initially told the company was too small to go public, but we knew we were building something great,” said David Dunkel, Kforce Chairman and CEO. “Today we’re over a billion dollars and serve customers nationwide in Technology and Finance & Accounting.”
Over the years, Kforce used economic downturns to reevaluate their strategy. During the dot-com boom, it was one of the first firms in the industry to embrace the Internet. During the 2008 recession, executives noted that while staffing industry revenue as a whole decreased 25%, Kforce’s technology business decreased only 6.5%. Leadership then "doubled-down" on providing technology solutions to customers. That strategy has proven successful through the current climate as the firm’s technology division has continued to be resilient.
To commemorate the firm’s 25th anniversary as a public company, Dunkel thanked his executive team on Nasdaq’s Virtual Bell Ringing Ceremony citing their hard work, perseverance and wisdom particularly during this difficult time in history. He also expressed gratitude to the firm’s clients, consultants and talented associates who continue to deliver great results in their new virtual working environment. And "great results" they are. This was just one day after Kforce released its quarterly earnings results, exceeding market expectations.
“Our belief for years has been that technology-focused businesses should perform relatively well in all economic climates,” remarked Dunkel.
At the ceremony, David Wicks, VP at Nasdaq, congratulated Kforce on what he called an extraordinary milestone. “What a tremendous journey Kforce has had,” said Wicks. “As you have from the very beginning, Kforce has met the challenges of these uncharted times with creativity and innovation while continuing to focus on the future.”
Dunkel says he is excited about what lies ahead for Kforce. “If you want to look to the future, you must first look to the past. Our past was rooted and grounded in relationships, and the future will be as well.”
Kforce invites our partners to reimagine how business gets done. We deliver on your business objectives by combining a global KNOWLEDGEforce® — our namesake — with flexible solutions and an unmatched drive for excellence. Each year, we provide opportunities for more than 30,000 highly skilled professionals who work with cutting-edge clients, including 70% of the Fortune 100. At Kforce, our promise is to deliver great results through strategic partnership and knowledge sharing®.
Director, Communications & PR
813.552.3830 | KBird@Kforce.com