US tech consultancy Gartner is selling its CEB Talent Assessment business to UK-based Exponent Private Equity for $400m, just a year after it acquired parent firm CEB in a deal valued at around $2.6bn. The firm has also reported Q4 2017 revenue up sharply to $1.01 billion.
Last October, Gartner said it was exploring potential alternatives for CEB Talent Assessment, explaining that the unit’s focus was not aligned with its own. The sale is expected to close in the first half of 2018 and is subject to customary closing conditions. Gartner CEO Gene Hall (pictured) said the sale ‘represents an opportunity to bring a renewed focus on the business to better support innovation, product development and long-term growth’.