Exponent Private Equity LLP

SHL, the global leader in Talent Insight, today announces it is selling PDRI, a trusted provider of the workforce assessment services to US federal government agencies, to Pearson, the world’s leading learning company

“SHL has transformed its business to provide SaaS solutions to help global organizations better measure and manage the potential in their workforce,” said Andy Bradshaw, CEO SHL “This transformation has moved SHL further towards repeatable packaged solutions for global commercial customers The needs of the US Federal Government are less aligned to SHL’s strategic direction, making this a positive move for SHL and PDRI ” The consideration for PDRI represents an enterprise value of $190m Completion of the acquisition is expected to occur during H1 2023 subject to regular closing conditions, including any required regulatory filings or approvals

Elaine Pulakos, Chief Executive Officer of PDRI said: “Pearson has an excellent reputation in the assessments field, and we are excited to become a part of their growth strategy There is a significant opportunity to learn from each other to further improve our products and reach more customers with our proven assessment and talent solutions ”