|CEB Completes Acquisition Of Evanta|
"CEB's mission calls on us to unlock the potential of leaders and organizations by advancing the science and practice of management. Adding Evanta helps us do just that," said CEB Chairman & CEO,
"This relationship and the related synergies will create near and long-term value for clients, partners, colleagues and shareholders," Monahan added. "And it goes without saying that we're thrilled to add a team of Evanta's caliber to our roster."
CEB also announced today that in connection with the completion of the Evanta acquisition it amended its senior secured credit agreement with
CEB 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 equips leaders at more than 10,000 companies with the intelligence to effectively manage talent, customers, and operations. CEB is a trusted partner to nearly 90% of the Fortune 500 and FTSE 100, and more than 70% of the Dow Jones Asian Titans. More at cebglobal.com.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements using words such as "estimates," "expects," "anticipates," "projects," "plans," "intends," "believes," "forecasts" and variations of such words or similar expressions are intended to identify forward-looking statements. In addition, all statements other than statements of historical fact are statements that could be deemed forward-looking statements. You are hereby cautioned that these forward-looking statements are based upon CEB's current expectations and assumptions and, as a result, are subject to risks and uncertainties. These risks and uncertainties could cause actual future events to differ materially from the expectations reflected in the forward-looking statements, including (among others) the following: the businesses of CEB and Evanta may not be combined successfully, or the combination may take longer or cost more to accomplish than expected; we may not achieve anticipated operating and cost synergies through combining the businesses of CEB and Evanta, or those synergies may be realized less quickly than we anticipate; Evanta may not achieve the results projected in its current 2016 full year forecast; potential operating costs, customer loss and business disruption (including employee loss or turnover) following the acquisition may be greater than expected and could negatively affect the financial results and performance of Evanta; Evanta may not perform at the level we are expecting, and as a result the anticipated positive impact of the acquisition of Evanta on the operations and future financial results of CEB may not be achieved or may be lower than expected; our leverage, which we increased in connection with the acquisition of Evanta, could materially and adversely affect our financial condition or operating flexibility; and other risks and uncertainties regarding our business, the acquisition of Evanta and our indebtedness included in our periodic and other reports filed with the
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