Customers Benefit from Unmatched Visibility into the Labor
Market Enabling More Effective Talent Planning, Acquisition and
Deployment
ARLINGTON, Va. and QUEBEC CITY, Nov. 4,
2015 /PRNewswire/ -- CEB Inc. (NYSE:CEB), a best
practice insight and technology company, today announced the
acquisition of Wanted Technologies Corporation (TSX-V: WAN), a
leading provider of real-time market intelligence and analytics for
staffing and talent sourcing professionals. Today's announcement
signals the successful completion of the previously announced plan
of arrangement (the "Arrangement") and affirms CEB's
commitment to equip HR leaders and other talent-focused
executives with the insights and tools they need to inform
workforce planning but that they can't access in a meaningful way
today.
"We're laser focused on helping executives enhance the precision
of their talent management investments," said Jesse Levin, CEB's Head of Corporate Strategy.
"By marrying Wanted Technologies' deep knowledge of demand-side
talent data with our existing CEB TalentNeuron supply-side
analytics, we're giving our customers a view into the talent market
economics that materially changes the approach to talent planning
and recruiting. This new level of insight into trends in labor
skills, demand, availability, and cost within and across
geographies allows business and HR leaders to collaboratively set
strategy with greater confidence and to predict the impact of
talent investments on business outcomes."
CEB will continue to offer Wanted Technologies products on a
largely stand-alone basis through year end. However, the company
plans to accelerate both its CEB TalentNeuron and the Wanted
Technologies capability and product roadmaps to address immediate
and evolving customers' needs through a more integrated offering in
2016. The company will serve the largest installed base of
customers across corporate, recruiting and staffing, and government
sectors globally.
"We're proud of the work the Wanted Technologies team has done
and the leadership position we've established in demand-side talent
market and recruiting analytics," said Meredith E. Amdur, Wanted Technologies CEO. "Our
product is essential to many of our customers, but we also know
they will benefit greatly from having a richer suite. As part of
CEB, we will have the tools and resources to give our customers
exactly what they've been craving—and the ammunition to have
meaningful, data-based conversations with their business partners
around talent."
The Arrangement
The Superior Court of Quebec
granted a final order approving the Arrangement on November 3, 2015. Trading in the shares of Wanted
Technologies ceased as of the opening of markets this morning, and
those shares are expected to be delisted from the TSX Venture
Exchange at the end of trading on or about November 6, 2015. Wanted Technologies also
intends to apply as soon as practicable to cease to be a reporting
issuer under applicable Canadian securities laws.
Pursuant to the Arrangement, CEB Inc., through its wholly-owned
subsidiary CEB Canada Inc., acquired all of the issued and
outstanding common shares of Wanted Technologies for CDN$1.79 in cash for each share. As a result of
the completion of the Arrangement, Wanted Technologies is now an
indirect wholly-owned subsidiary of CEB Inc.
Full details of the Arrangement and certain other matters are
set out in the management information circular of Wanted
Technologies dated October 1, 2015
(the "Information Circular"). In order to receive the
cash consideration for shares of Wanted Technologies, registered
shareholders must follow the instructions set out in the
Information Circular. A copy of the definitive arrangement
agreement, the Information Circular and other meeting materials can
be found under the profile of Wanted Technologies on SEDAR at
www.sedar.com.
For more information with respect to the Arrangement, see the
joint press release issued by Wanted Technologies and CEB on
September 11, 2015.
Forward-Looking and Cautionary Statements
This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, Section 21E of the Securities Exchange Act of 1934, as
amended, and under Canadian securities laws. Forward-looking
statements are statements other than historical information or
statements of current condition and relate to matters regarding the
plan of arrangement, the delisting of the Wanted Technologies'
common shares and Wanted Technologies' application to cease to be a
reporting issuer under applicable Canadian securities laws. These
forward-looking statements are identified by the use of such terms
and phrases as "intends," "goal," "estimate," "expect," "project,"
"plans," "anticipates," "should," "will," "designed to," "believe,"
and other similar expressions which generally identify
forward-looking statements. Forward-looking statements involve
known and unknown risks and uncertainties that could cause actual
results and events to differ materially from those projected.
Important factors that could cause actual results to differ
materially include, but are not limited to: the success of near and
longer term integration efforts between the companies; unexpected
acquisition-related costs and expenses, competitive changes in the
market place applicable to the products of Wanted Technologies,
including, but not limited to the pace of growth or adoption rates
of applicable products or technologies, shifts in focus among
target customers, and other comparable changes in projected or
anticipated markets; the depth, extent and duration of current and
anticipated worldwide economic uncertainty, at both a macro level,
and as it impacts both CEB Inc.'s and Wanted Technologies'
historical products, industry, and market sector, as well as those
of Wanted Technologies' following closing of the Arrangement, and
CEB Inc.'s ability to forecast and achieve anticipated earnings in
light of continuing economic uncertainty, including estimates
applicable to Wanted Technologies, as well as resulting from the
integration of Wanted Technologies' financial performance and
results into CEB Inc.'s full financial results. Additionally,
forward-looking statements should be considered in conjunction with
the cautionary statements contained in the "Risk Factors" section
and elsewhere in CEB Inc.'s most recent Annual Report on Form 10-K,
in CEB Inc.'s other filings with the SEC, and in material
incorporated therein by reference and those contained in the
"Prospective Statements" section in Wanted Technologies' 2015
management's discussion and analysis, each as filed on SEDAR at
www.sedar.com.
With respect to the forward-looking statements, CEB Inc. and
Wanted Technologies have provided such statements and information
in reliance on certain assumptions that they believe are reasonable
at this time, including assumptions based on Wanted Technologies'
and CEB Inc.'s experience and perception of historical trends,
current conditions and expected future developments, as well as
other factors that are believed to be appropriate in the
circumstances. Readers are cautioned that the foregoing list of
important factors and assumptions is not exhaustive.
Forward-looking statements are not guarantees of future
performance. In light of the significant uncertainties inherent in
the forward-looking information included herein, any such
forward-looking information should not be regarded as
representations by either CEB Inc. or Wanted Technologies that its
respective objectives or plans will be achieved. Investors are
cautioned not to place undue reliance on any forward-looking
information contained herein. Forward-looking statements are
provided for the purpose of providing information about
management's current expectations and plans relating to the future.
Readers are cautioned that such information may not be appropriate
for other purposes. In addition, these forward-looking statements
relate to the date on which they are made. CEB Inc. and Wanted
Technologies each disclaim any intention or obligation to update or
revise any forward-looking statements or the foregoing list of
factors, whether as a result of new information, future events or
otherwise, except to the extent required by law.
About Wanted Technologies
Wanted Technologies was founded in 1999. The company's
headquarters are in Quebec City,
Canada, and it maintains a US-based subsidiary with primary
offices in New York City. The
company began collecting detailed Hiring Demand data in
October 2002, and currently maintains
a database of more than 1.2 billion unique job listings covering 22
markets worldwide.
About CEB Inc.
CEB Inc. is a best practice insight and technology company. In
partnership with leading organizations around the globe, we develop
innovative solutions to drive corporate performance. CEB Inc.
equips leaders at more than 10,000 companies with the intelligence
to effectively manage talent, customers, and operations. CEB is a
trusted partner to 90% of the Fortune 500, nearly 75% of the Dow
Jones Asian Titans, and more than 85% of the FTSE 100. More at
cebglobal.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Logo -
http://photos.prnewswire.com/prnh/20131107/PH13083LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/ceb-acquires-wanted-technologies-creates-most-comprehensive-source-of-global-talent-supply--demand-analytics-300172397.html
SOURCE CEB Inc.