US-based Corporate Executive Board or CEB has bought Talent Neuron, an India-based talent analytics firm for a price tag of anywhere from $10 million to $15 million, TechCrunch reported. The combination of the talent data asset of Talent Neuron with the insight, best practice and predictive science of CEB in the talent acquisition, assessment and development sphere will help drive corporate performance since it puts the company in a position to help senior executives define and realize data-based talent outcomes, a statement about the acquisition said.
Talent Neuron Co-Founders Vijay Swami and Vamsee Tirukkala said in the statement, "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."
This marks CEB's third acquisition in the talent management space after it bought Valtera in February 2012 and UK-based SHL in July of that same year, TechCrunch reported.
Two years ago, Talent Neuron was incubated by Bangalore-based management consulting firm Zinnov. From then on, the startup has gained a lot of clients who pay for talent management and planning-focused big data and analytics solutions. Talent Neuron's own predictive data model is also able to forecast trends about talent in the important markets worldwide. It recently said that Silicon Valley has a shortage of talent with its figures revealing that for every 100 people that come in, there are at least 120 people that go out, the report said.
CEB Chairman and Chief Executive Officer said in the statement,"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."
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