SHL and PreVisor Merge to Create Global Leader in Talent Management
“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 programmes.”
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