Corporate Executive Board Co.
), a leading U.S.-based member advisory company, has recently
acquired analytics services provider KnowledgeAdvisors for
approximately $52 million.
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Following the announcement, Corporate Executive Board's share
price touched an intraday high of $78.17 before closing at
$77.80, thereby recording a 4.6% increase. The stock price
appreciation reflected a positive market sentiment of the
Founded in 1999, KnowledgeAdvisors provides analytics solutions
that measure and assess the impact that training initiatives have
on an organization. Its unique cloud-based software application -
Metrics that Matter - is configured to provide comprehensive
analytic solutions that enable companies to evaluate and improve
their talent development programs. This results in improved
allocation of human capital investments through strategies that
enable speedy, more accurate and data-driven decision-making.
An estimated $145 billion is spent by corporations annually on
training programs, but more than half of that investment
reportedly fails to culminate in material returns, with
performance gains from learning investments estimated at less
than 10%. KnowledgeAdvisors pioneered an initiative to attempt to
resolve this issue by developing analytic solutions to enable
companies to focus on the most constructive strategies for talent
management and workforce optimization. Its technology and
consulting solutions enhance productivity, reduce administrative
costs and increase returns on training programs such as sales,
leadership, onboarding and corporate universities.
KnowledgeAdvisors's integration with Corporate Executive Board
will strengthen the former's ties with clients by linking
outcomes more strongly to talent insight and best practices. It
will also enable KnowledgeAdvisors to showcase its analytics to
more than 16,000 senior executives in the Corporate Executive
Talent-focused organizations expect significant operating
synergies to result from the acquisition, given Corporate
Executive Board's know-how on the competencies that drive
performance and KnowledgeAdvisors' analytic capabilities and
learning benchmarks. This acquisition puts Corporate Executive
Board in a position to optimize training investments, enabling
senior executives to make high-impact leadership development
decisions in a data-driven manner, thereby maximizing operating
efficiency and driving corporate performance.
Corporate Executive Board helps to unlock the potential of
organizations by mitigating vulnerabilities across the entire
information risk expanse, including technology changes, data
privacy, and widespread employee digital access. The company
boasts the industry's most robust talent measurement platform. It
also has a strong portfolio of organically developed new
products, enhanced by the acquisition of Talent Neuron. The
company's latest move consolidates its position in the emerging
talent management space and further stimulates its revolutionary
work involving talent acquisition, evaluation and development.
Experts believe that the integration of the assets will create a
powerful platform to transform the talent decision-making process
of companies. For Corporate Executive Board, this is the fourth
acquisition in the talent management space, following the buyout
of TalentNeuron last month, U.K.-based SHL in Jul 2012 and
Valtera in Feb 2012.
At present, Corporate Executive Board carries a Zacks Rank #3
(Hold). Some other stocks that look promising in the industry
Huron Consulting Group Inc.
Bureau Veritas SA
). While CBIZ sports a Zacks Rank #1 (Strong Buy), Accenture and
Bureau Veritas have a Zacks Rank #2 (Buy) each.