Towers Watson (NYSE, NASDAQ:TW), a leading global professional services company, announced today the completion of its acquisition of Aliquant, a privately held, full-service health and welfare benefits administration outsourcing firm. The acquisition enables Towers Watson to strengthen its position as a premier provider of high-quality health and welfare benefits outsourcing services.

?We are very pleased to welcome Aliquant's clients and employees to Towers Watson. This acquisition will provide clients with access to a deeper and broader set of benefits outsourcing services and expertise and at the same time enable us to continue to deliver the outstanding service and attention that clients are accustomed to receiving,? said Pat Amendola, North America leader of Towers Watson's Technology and Administration Solutions business.

Aliquant was founded in 1985 in Milford, CT, to develop software for the administration of health and welfare benefit plans. Aliquant's service offerings include core administration services, employee contact centers, FSA and COBRA administration and direct billing. Aliquant's clients -- which number more than 75 and range in size from 1,000 to 100,000 employees -- span a variety of industries. For the fiscal year ended September 30, 2010, Aliquant had revenues of approximately $32 million.

The acquisition of Aliquant is expected to be slightly accretive to Towers Watson's adjusted diluted earnings per share in the fiscal year ending June 30, 2011, but does not change the company's financial expectations for the fiscal year.

About Towers Watson

Towers Watson (NYSE, NASDAQ: TW) is a leading global professional services company that helps organizations improve performance through effective people, risk and financial management. The company offers solutions in the areas of employee benefits, talent management, rewards, and risk and capital management. Towers Watson has 14,000 associates around the world and is located on the web at towerswatson.com.

Forward-Looking Statements

This document contains ?forward-looking statements? within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements and other forward-looking statements in this document by words such as ?may,? ?will,? ?would,? ?expect,? ?anticipate,? ?believe,? ?estimate,? ?plan,? ?intend,? ?continue,? or similar words, expressions or the negative of such terms or other comparable terminology. Such statements are based upon the current beliefs and expectations of Towers Watson's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements.

The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: the risk that the Towers Perrin and Watson Wyatt businesses will not be integrated successfully; the risk that anticipated cost savings and any other synergies from the merger of Towers Perrin and Watson Wyatt may not be fully realized or may take longer to realize than expected; the ability to successfully make and integrate profitable acquisitions; the risk that the recently announced acquisition of EMB or the Aliquant acquisition are not profitable or are not otherwise successfully integrated; the ability to successfully address issues surrounding the number of company shares that will become freely tradable on January 1, 2011; the ability to recruit and retain qualified employees, particularly given the company's recent changes in employee compensation plans; and to retain client relationships, particularly in the executive compensation business, given recent Securities and Exchange Commission (SEC) and other regulatory actions; the risk that the company fails to adequately respond to rapid technological changes; and the risk that a significant or prolonged economic downturn could have a material adverse effect on Towers Watson's business, financial condition and results of operations. Additional risks and factors are identified under ?Risk Factors? in Towers Watson's Annual Report on Form 10-K filed on September 7, 2010, with the SEC.

You should not rely upon forward-looking statements as predictions of future events because these statements are based on assumptions that may not come true and are speculative by their nature. Towers Watson does not undertake an obligation to update any of the forward-looking information included in this document, whether as a result of new information, future events, changed expectations or otherwise.

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