Corporate Executive Board Company Acquires SHL

July 12, 2012 – The Corporate Executive Board Company (CEB) has acquired SHL, a global leader in cloud-based talent measurement and management solutions, from funds managed by HgCapital and Veronis Suhler Stevenson for $660 million in cash, subject to customary pre- and post-closing adjustments. 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. Tom Monahan, chairman and CEO of CEB, stated: “The combination of these enterprises creates a uniquely valuable resource to help executives apply predictive analysis to the selection, development and management of talent. This acquisition will accelerate all elements of our existing growth strategy, and generate significant value for our clients and shareholders.” The Corporate Executive Board Company drives faster, more effective decision-making among the world's leading executives and business professionals.