Watson Wyatt to Acquire WisdomNet, Consulting

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<p><strong>Washington, D.C. &mdash; June 13</strong><br />Watson Wyatt Worldwide, a global consulting firm, intends to acquire WisdomNet, a Denver-based talent management solution and consulting firm.<br /><br />Founded in 2001, WisdomNet offers a proprietary line of business software products, including an end-to-end solution for managing organizations&rsquo; talent management processes.&nbsp; </p><p>These applications will increase Watson Wyatt&rsquo;s capabilities in the talent management technology area by linking and delivering compensation planning, performance management, succession planning, career development and workforce planning functionality &mdash; all within one firm.&nbsp; </p><p>They also will complement Watson Wyatt&rsquo;s current suite of compensation management, performance review and benefits administration solutions.<br /><br />&ldquo;We are very pleased to make WisdomNet a part of Watson Wyatt, especially as tight labor markets spur demand for talent management services,&rdquo; said Paul Platten, global practice director of Watson Wyatt&rsquo;s human capital group. &ldquo;The acquisition supports Watson Wyatt&rsquo;s vision to deliver a comprehensive suite of global people management services to our clients that combines our deep domain expertise and consulting with software and data solutions.&rdquo; <br /><br />Brian Wilkerson, WisdomNet co-founder, agrees.</p><p>&ldquo;It&rsquo;s exciting to join a company with the global reach of Watson Wyatt,&rdquo; he said. &ldquo;Watson Wyatt shares our philosophy &mdash; we both put priorities on clients, quality and integrity by delivering real value through world-class consulting and cutting-edge technology.&rdquo;<br /><br />All of WisdomNet&rsquo;s principals &mdash; Brian Wilkerson, Gregg Wilkerson and David Schleupner &mdash; will join Watson Wyatt.&nbsp; The deal is expected to close in July.</p>

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