CEB Acquires Leading Talent Management Firm Valtera
ARLINGTON, Va., Feb. 7, 2012 /PRNewswire/ -- Corporate Executive Board (CEB) (NYSE: EXBD) today announced that it has acquired Valtera, a global talent management company with assets including a lauded team of organizational psychologists, an innovative technology platform, an extensive list of Fortune 100 clients, and premier customer satisfaction scores. Through the acquisition, CEB creates a leading resource for insight and support on employers' most pressing challenges – hiring, engaging and developing talent. The solutions will be brought to market as CEB Valtera.
"The ability to select, assess, manage and motivate talent is the single biggest lever companies can pull to improve corporate performance, but too often corporate leaders lack the analytic power to drive great outcomes," said Tom Monahan, Chairman and CEO, CEB. "We believe that companies can create competitive advantage by approaching talent investments with the same rigor that they apply to other key business decisions. With the acquisition and integration of Valtera, CEB is giving them the tools to do just that. We're delivering the science to make informed decisions, the best practice to turn insight into performance, and the technology to manage change and transform the organization."
"Valtera was born out of a commitment to the application of science in the workplace and the advancement of the IO psychology profession," said William Macey, founder and CEO, Valtera . "We are thrilled to become part of CEB as the company not only values our commitment, but is dedicated to ensuring that companies put great ideas into action. CEB's global service footprint, unrivaled library of best practices in talent management, and multi-functional view on business performance will greatly expand the support we can bring to our clients. We believe that the combined power of Valtera and CLC Genesee will bring an unmatched ability to help clients drive tangible business results through enhanced employee productivity.""In acquiring Valtera, CEB gains a rich data set, powerful analytic capabilities and a group of dedicated, respected industry leaders—including Bill Macey, Nancy Tippins and Mort McPhail," Monahan added. "By combining these capabilities with those that reside with our CLC Genesee team, CEB is uniquely qualified to help global enterprises drive productivity and business outcomes based on talent and employee-engagement decisions. CEB Valtera expands our platform for disseminating exceptional ideas, technology and performance improvement resources to an expansive list of Global 2000 companies." In addition to increasing CEB's market share in the employee engagement arena, the Valtera acquisition represents the addition of new employee assessment and selection capabilities. The acquisition also expands CEB's domestic footprint with new offices in Greater Chicago, Ill. and Houston, Tex. The company will also acquire European offices in Amsterdam and Prague. The combined entity boasts the highest customer satisfaction rates in the industry with client renewals topping 80 percent. For more information, please visit www.executiveboard.com. About Corporate Executive Board By identifying and building on the proven best practices of the world's best companies, CEB helps senior executives and their teams drive corporate performance. CEB offers comprehensive data analysis, research and advisory services that align to executive leadership roles and key recurring decisions. CEB tools, insights, and analysis empower member companies to focus efforts, move quickly, and address emerging and enduring business challenges with confidence. CEB's client and member network includes 85 percent of the Fortune 500, 50 percent of the Dow Jones Asian Titans, and 70 percent of the FTSE 100. It spans more than 50 countries, 5,300 individual organizations, and 225,000 business professionals. For more information, visit www.executiveboard.com.
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