Towers Watson, a global professional services company, has acquired psychometric assessment business, Saville Consulting for £42 million.
Founded in 2004, Saville Consulting is highly regarded internationally for its occupational psychology expertise and proprietary software. Chairman and Founder of Saville Consulting, Peter Saville said the company has grown rapidly in the past decade to the point where over 2 million individuals have used their online tools in the past 12 months.
He says:
“To further accelerate our growth and significantly extend the use of our tools, we need greater reach, which we will gain as being part of Towers Watson. In addition, Towers Watson and Saville Consulting complement each other strategically, and I’m confident that our clients will experience the same commitment to excellence and innovation.”
The software helps organisations recruit and develop talented individuals and teams. Its online assessment tools are used in over 80 countries worldwide. Saville Consulting’s revenues for the financial year ending December 2015 are expected to exceed £10 million.
Julie Gebauer, global leader for Towers Watson’s Talent and Rewards business segment, says:
“With the addition of Saville Consulting’s market-leading online assessment tools to our suite of HR software, data, analytics and advice, we have a powerful offering to address the big and growing area of leadership and talent. Saville Consulting’s portfolio adds online tools which test ability, assess potential and screen for behavioural strengths. In combination with our engagement and talent software, we can readily help companies that want efficient, technology-enabled solutions to identify and develop talent.”
Amie Filcher is an editorial assistant at HRreview.
