CEB, Inc. (NYSE:CEB) is a business services company that provides best-practice and technology insights to businesses in a wide range of industries. We were first attracted to CEB for its recurring revenue business model and its low market penetration. IT research firm, Gartner, Inc., also found value in CEB’s platform and acquired the company during the first quarter in a cash and stock deal worth roughly $2.6 billion. By combining CEB’s existing client partnerships with Gartner’s operational expertise and distinct sales network, we believe the acquisition should be accretive.
From Meridian Growth Funds first-quarter 2017 shareholder commentary.
