Assessment analytics company SHL bought by CEB
The Corporate Executive Board Company, the leading member-based advisory company,disclosed that it has signed a definitive agreement to acquire SHL, a global leader in cloud-based talent measurement and management solutions for $660 million in cash. The merger brings together two highly complementary businesses to create the world’s foremost source of insight on the measurement and management of talent for business and government. Fusion of CEB’s rich best practices, insights and data with SHL’s assessments, predictive analytics and robust technology platform will create a global organization with a greatly enhanced capability to help clients manage talent, transform operations and reduce risk.
The acquisition will significantly expand the addressable market of both companies through an increased global presence across all major developed and emerging markets, enhancing CEB’s ability to scale and extend its existing platform with technology-driven solutions. The combined company will offer compelling career opportunities for a talented base of more than 3,000 employees as part of a larger, stronger global organization committed to advancing the science and practice of talent management.
SHL’s unrivaled assessment science and People Intelligence give customers the actionable insight they need to make the smart talent acquisition and mobility decisions that drive measurable business results and sustainable competitive advantage. Building on a foundation of 50 years of market leadership, innovation and expertise, SHL delivers more than 25 million scientifically proven selection and development assessments per year in 30+ languages. Offering the broadest global footprint in the industry, SHL deploys solutions in 150 countries and maintains a local presence in more than 50 countries. SHL is headquartered in London, with offices throughout the Americas, Europe, Middle East, Africa, Asia and Australia/New Zealand.