Research and advisory company Gartner Inc. has initiated a process to explore and evaluate strategic alternatives for its CEB Talent Assessment business, formerly SHL. Those options may include a sale of the business.
CEB Talent Assessment is a global provider of talent assessment solutions that equips organizations with tools to assess, select and develop the right people for the right roles. For the 12-month period ending June 30, CEB Talent Assessment”™s revenue represented approximately 6 percent of Gartner and CEB combined adjusted revenue.
Stamford-based Gartner acquired CEB in January in a cash and stock transaction worth about $2.6 billion. At the time, Gartner CEO Gene Hall said the combination would create “the leading global research and advisory company for all major functions in the enterprise.”
In making the new announcement, Hall said, “The board and management team regularly evaluate opportunities to enhance shareholder value and believe now is the right time to explore potential alternatives for CEB Talent Assessment.”
Since the acquisition, he said, “We have repositioned the business to drive long-term growth. While CEB Talent Assessment is a recognized industry leader in a rapidly expanding marketplace with significant growth opportunities, it is not aligned with our core focus of providing research and advisory services to address the mission-critical priorities of every functional leader in the enterprise.
“We are confident this is a positive step forward for CEB Talent Assessment and its clients,” Hall said, “as it represents an opportunity to bring a renewed focus on the business to better support innovation, product development and long-term growth.”
