Watson Wyatt to Acquire WisdomNet, Talent Management Software and Consulting Firm

Watson Wyatt Worldwide, a leading global consulting firm, announced today its intention to acquire WisdomNet, a Denver-based talent management solution and consulting firm.

Founded in 2001, WisdomNet offers a proprietary line of business software products, including an end-to-end solution for managing organizationsí talent management processes. These applications will increase Watson Wyattís capabilities in the talent management technology area by linking and delivering compensation planning, performance management, succession planning, career development and workforce planning functionality ó all within one firm. They will also complement Watson Wyattís current suite of compensation management, performance review and benefits administration solutions.

ìWe are very pleased to make WisdomNet a part of Watson Wyatt, especially as tight labor markets spur demand for talent management services,î said Paul Platten, global practice director of Watson Wyattís human capital group. ìThe acquisition supports Watson Wyattís 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.î

ìItís exciting to join a company with the global reach of Watson Wyatt,î added Brian Wilkerson, co-founder of WisdomNet. ìWatson Wyatt shares our philosophy. We both put priorities on clients, quality and integrity by delivering real value through world-class consulting and cutting-edge technology.î

Richard Hubbard, North American practice director of Watson Wyattís technology and administration solutions practice, said: ìHelping companies manage their talent is a very important area of growth for Watson Wyatt. With WisdomNetís talent management application, we can offer an immediate solution to deliver to the market. At the same time, we can develop and integrate additional functionality that enhances our well-regarded global REWARD suite of compensation administration software and our global data services.î

All of WisdomNetís principals ó Brian Wilkerson, Gregg Wilkerson and David Schleupner ó will join Watson Wyatt. The deal is expected to close in July 2007.