Merger creates the world’s largest resource of talent assessment solutions, data and expertise.
Two of the world’s largest talent assessment pioneers, SHL and PreVisor, recently announced their merger—the new company will be known as SHL. 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 will continue their ownership of the combined company in partnership. The combined company, with over 850 employees, will be headquartered in London, with a presence in more than 50 countries and offices in North America, Europe, Middle East, Africa, Asia and Australia/New Zealand.
The merger means that, outside the public sector, SHL is now the largest employer of business psychologists in the world. The new organisation will deliver more than 15 million assessments annually in over 150 countries—providing over 1,000 assessment solutions in over 30 languages for roles at all levels and support decisions from recruitment to succession planning. Over half of the Fortune Global 500, 80% of FTSE 100 and 50% the Australian Stock Exchange (ASX) currently use SHL and PreVisor for talent management solutions.
Josh Bersin, CEO, Bersin & Associates said, “As the economy improves, organisations are looking for globalised, integrated, science-based solutions for recruiting and talent assessment.” Kevin Martin, Senior VP, Research Operations at Aberdeen Group added, “As organisations look longer-term to support their growth objectives, quicker and more accurate visibility into talent gaps and workforce readiness is critical.”
Stuart Hedley was appointed to the new role of VP Professional Services for the APAC region, effective 1 February 2011. Hedley, who formerly held a senior Professional Services role in the US, will cover China, Hong Kong and Singapore and report to SHL’s Chief Customer Officer, Mike Tims.
Paul Arkwright
Publisher
