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Gartner exploring strategic alternatives for CEB Talent Assessment biz

Gartner Inc. has started a process to explore strategic alternatives for its CEB Talent Assessment business.

Gartner retained Evercore as financial adviser and Cooley LLP as legal adviser to assist in its review of strategic alternatives. It intends to consider several strategic options, including a sale of the business.

CEB Talent Assessment, formerly SHL, is a provider of global provider of talent assessment solutions. The business was acquired by Gartner as part of its acquisition of CEB Inc. in April. Its product portfolio consists of science-based assessment tools, benchmark data, predictive technologies and consultancy services. For the 12-month period ending June 30, CEB Talent Assessment's revenue represented approximately 6% of the combined adjusted revenue of both companies.

CEB Talent Assessment has "significant growth opportunities" but " it is not aligned with our core focus of providing research and advisory services," Gartner CEO Gene Hall said in a statement.