Corporate Executive Board (CEB), the US-based leading member-based advisory company, has acquired Talent Neuron, a provider of market intelligence technology tools based on large-scale data analytics.
Corporate Executive Board (CEB), the US-based leading member-based advisory company, has acquired Talent Neuron, a provider of market intelligence technology tools based on large-scale data analytics. According to a report in techcrunch, the deal size is expected to be around $10-$15 million.
By combining Talent Neuron's talent data asset with CEB's insight, best practice and predictive science on talent acquisition, assessment and development, the company is uniquely positioned to help senior executives define and realize measurable, data-based talent outcomes that drive corporate performance.
The Talent Neuron tools provide a clear and normalized view into talent market dynamics across 600 cities, 7,500 companies and 90 roles globally. The SaaS-based analytics platform informs a wide range of workforce-planning processes and has been configured to support Chief HR Officers and their teams as well as functional leaders, such as CIOs and CFOs, who increasingly need direct support in making decisions around specialized talent within their own functions.
Joint customers see immediate value in linking CEB's depth on strategy and business challenges with Talent Neuron's deep, timely insight into labor markets globally. "The HR function is in an exciting time of transformation from a data reporter to a solution provider using talent analytics to drive competitive advantage," said Shari Moore, Vice President of HR, Product Design & Delivery organizations at NetApp.
"We've long prescribed that companies must apply the same rigor to managing their people as they do their balance sheet," said Tom Monahan, CEB chairman and CEO. "With the addition of Talent Neuron, we're helping our members bridge the gap between talent outcomes and business outcomes by equipping them with the missing link—trusted employee and market data—that strengthens their planning processes and complements their own good judgment."
Vijay Swami and Vamsee Tirukkala, Co-founders of Talent Neuron, added, "The marriage with CEB is a perfect fit for Talent Neuron. The businesses share a strong belief in the power of big data, combined with sound judgment and predictive science and technology. Additionally, the companies have a similar service ethic and customer orientation. The combination of our assets creates a powerful platform to change the ways that companies drive talent decisions."