Development Dimensions International, Inc., a human resources and leadership development consultancy and front-runner in leadership selection, development, and succession planning, recently divested its pre-employment testing assets to PSI Services LLC (PSI), a global workforce assessment and management solutions provider.
PSI will acquire DDI’s automated pre-employment testing content, including customizable career batteries and adaptive reasoning tests, adding to PSI’s suite of talent measurement solutions for healthcare, manufacturing, sales, professional individual contributors, support services, and customer service.
“Over the course of nearly five decades, DDI has built a strong reputation on the quality and accuracy of our assessment services, and we’ve seen a growing demand from companies that want to use our assessments to bring more objectivity into their hiring and promotion decisions,” said Tacy Byham, CEO of DDI. “As the market has grown, we made the decision to focus our core business exclusively on serving leaders. Because PSI is one of the most reputable testing companies in the world, we believe that they are the right company to acquire our testing services for non-leadership roles and continue our legacy of providing top-tier service and innovation to our clients.”
Harbor View Advisors served as exclusive financial advisor to DDI in the transaction.
DDI is a global leadership company that helps organizations transform the way they hire, promote and develop leaders at every level. With more than 100 industrial-organizational psychologists on staff, DDI has dedicated itself to the science and practice of leadership since 1970. Clients include half of the Fortune 500 and multinationals in every industry across more than 90 countries. To find out more information about DDI’s leadership expertise, visit www.ddiworld.com.
About PSI Services LLC
PSI Services LLC (PSI) has over 70 years of experience providing worldwide testing solutions to corporations, federal and state government agencies, professional associations, certifying bodies, and leading academic institutions. PSI offers a comprehensive solutions approach from test development to delivery and results processing, including pre-hire employment selection, managerial assessments, licensing and certification tests, distance learning testing, license management services, and professional services. More information is available at www.psionline.com
Harbor View Advisors provides M&A advisory, turnkey corporate development and strategic consulting to software and technology-enabled business services companies. Our unique approach combines the strategic thinking of a consulting firm with the execution experience of an investment bank to provide clients with the full spectrum of guidance they need to achieve their goals. Whether you are seeking a path to liquidity for your business or are looking to strengthen your corporate development program, we work with your leadership team to solve your toughest challenges.