SHL and PreVisor Merge to Create Global Leader in Talent ManagementBy Shl, PRNE
Monday, January 10, 2011
Offers Organisations the World's Largest Resource of Talent Assessment Solutions, Data and Expertise
LONDON and ATLANTA, January 11, 2011 - Two of the biggest talent assessment pioneers, SHL and PreVisor, today
announced they have merged to create the global leader in talent management.
The combined company will be known as SHL, delivering more than 15 million
assessments annually in over 150 countries and over 30 languages. Terms of
the transaction were not disclosed. Both SHL and PreVisor are privately held
The new organisation will transform the talent management market by
bringing together best-in-class innovation, assessment science and services
to improve the business results and performance of organisations through
superior people decisions. The merged company will be able to provide
customers with the broadest range of assessment solutions for roles at all
levels and to support decisions from recruitment to succession planning, in
more languages and countries than any other talent management provider.
"As the economy improves, organisations are looking for globalised,
integrated, science-based solutions for recruiting and talent assessment,"
said Josh Bersin, President and CEO of Bersin & Associates. "The merger of
SHL and PreVisor creates a global market leader that can both advance the
state of the industry and meet the needs of growing companies around the
"As organisations look longer-term to support their growth objectives,
quicker and more accurate visibility into talent gaps and workforce readiness
is critical", said Kevin Martin, Senior Vice President of Research Operations
at Aberdeen Group. "The merger between SHL and PreVisor brings together two
leaders in pre- and post-hire assessments that combined has the potential to
support an organisation's global talent management needs from entry-level to
executive job roles."
The combined company will have over 850 employees with a presence in more
than 50 countries, and through the merger becomes the largest employer of
business psychologists anywhere in the world outside the public sector. These
capabilities alongside a world-class consulting practice and a 24-hour
customer support centre means SHL will be able to offer clients both global
expertise and local insight, alongside access to over 1,000 assessments
through an easy-to-use technology platform.
"For more than 30 years, SHL and PreVisor have been at the forefront of
talent management, and so the announcement of our merger is an
industry-defining moment," said David Leigh, Chief Executive Officer, SHL,
who will become CEO of the newly formed SHL Group. "This decisive move will
accelerate the creation of a truly global leader in people intelligence,
fundamentally changing the talent management market. The scientific rigor,
innovation and technology leadership combined with the largest pool of
industry experts and data, will make us the foremost global authority on
driving business benefit through more effective people decisions."
"This is a significant day for our customers, partners and employees
across the globe. By joining forces we will be able to drive even greater
innovation and value within the talent management marketplace," said Noel
Sitzmann, Chief Executive Officer, PreVisor. "Through the science of people
intelligence, the company will be able to embed talent assessment solutions
within our clients' processes, improving hiring and development decisions and
generating greater ROI for their talent management programs."
SHL will be headquartered in London, with offices in North America,
Europe, Middle East, Africa, Asia and Australia / New Zealand.
The scale of services available to clients is the reason why over 50% of
the Fortune Global 500, 80% of FTSE 100 and half of the Australian Stock
Exchange (ASX) count on SHL and PreVisor for their people and talent
management solutions and services, including Barclays, Coca-Cola, Danone,
General Mills, Marks & Spencer, Microsoft, Sprint, Target, Time Warner Cable,
UnitedHealth Group, Vodafone, and Xerox Corporation.
SHL is a portfolio company of UK-based private equity firm Hg Capital,
and PreVisor is a portfolio company of US-headquartered private equity firm
Veronis Suhler Stevenson (VSS). By way of the merger, Hg and VSS shall each
continue their ownership of the combined company in partnership.
For additional information on the merger and the combined business please
go to www.shl.com/merger.
SHL was founded in 1977 and is the global leader in talent assessment
solutions, supporting organisations in the selection, performance management
and development of people at all levels and across all sectors. Headquartered
in the UK but with a presence in more than 50 countries and in more than 30
languages, SHL offers the world's largest portfolio of assessment tools,
creating innovative solutions to help organisations increase productivity and
gain competitive advantage through improved people performance. SHL works
with thousands of the world's best known organisations. For more information
visit the website at: www.shl.com.
PreVisor, the leading provider of on demand employment assessments and
talent measurement solutions, helps clients connect employment decisions to
business results in the United States. Following the rigorous standards of
industrial-organiaational psychology, PreVisor's assessment content
accurately predicts on-the-job performance and supports fair hiring
practices. PreVisor's solutions help streamline hiring, reduce recruiting and
training costs, and improve corporate performance for clients worldwide,
including more than 125 of the Fortune 500. The company is headquartered in
Atlanta, Georgia, with offices in Washington D.C., Minneapolis, Tampa,
London, and Sydney. For more information visit the website at:
EMEA, Giles Peddy, Hotwire, +44(0)20-7608-4656, giles.peddy at hotwirepr.com, or Americas, Kevin McLaughlin, Resound Marketing, +1-609-279-0050 x102, kevin at resoundmarketing.com, or Asia Pacific, Frances Dwyer, IMPACT Communications Australia, +61-2-9519-5411, frances at impactcommunications.com.au
Tags: England, georgia, January 11, London And Atlanta, Shl