Acquisitions and investment activity across the learning sector reached new heights in July. Learning vendors are hungry to expand in new markets and acquire new technologies. Fuse, Capita, Filtered, Learning Technologies Group, Articulate, OpenSesame, QA, Valamis and The Working Manager are just a few on the list.
Learning Technologies Group is to acquire GP Strategies for £284 Million, LTG’s fourth acquisition in 2021. The deal will result in one of the world's largest workforce transformation companies with over five thousand employees and it's expected to complete in Q4.
Fuse has acquired the performance support provider PowerGuides and aims to take the majority of learning content out of courses and make it available at the point of need. The new technology will be released to the market later in Q3.
The global consulting business, Capita, has taken a shareholding in the smart content provider, Filtered. The deal will help Filtered scale its content intelligence offering to Capita's global customer base, where it aims to reduce the amount of time learning professionals spend creating content.
Articulate has raised $1.5 Billion to fund product development and growth, yes you read that correct, $1.5 Billion.
Rob Caul is stepping down as CEO at Kallidus after 20 years. He's being replaced by Stephen Read who has a background in HR cloud software, a market Kallidus has expanded further into following the acquisition of Sapling.
Sponge also has a new Group CEO. Adam Poulter joins to head up the new expanded group of companies acquired by Sponge's investor, Aliter Capital, in the last year, which includes Bolt, Skill Pill and Idox Compliance.
More on July's investment and acquisitions news stories:
- LTG to acquire GP Strategies for £284 Million
- Articulate raises $1.5 Billion
- QA acquires Circus Street
- Fuse acquires PowerGuides; targets ‘knowledge-in-the-flow’
- Capita takes shareholding in Filtered
- TWM acquired by Valamis
- Open Sesame raises $50 Million strategic growth funding
- New Kallidus CEO Stephen Read; Rob Caul steps down after 20 years
- New Group CEO at Sponge: Adam Poulter