Totara today announced that its owners have entered into a purchase agreement with Sydney private equity firm Five V Capital, under which Five V will acquire a majority ownership interest in Totara. The operations and management of Totara will remain unchanged with Richard Wyles continuing as Chief Executive Officer.
Totara is a global leader in learning management technologies, supporting over 1,500 customers and 20 million users worldwide. Its flagship product, Totara Learn, is a fully customisable LMS tailored to meet the needs of multinational corporations, government agencies, and mid-sized enterprises. Totara’s adaptable architecture, delivered by a network of over 75 partners, addresses complex organisational and security requirements. With offices in the UK, US, and New Zealand, Totara’s team of 120 continues to drive innovation and growth, including a strong focus on the US market. Following its FedRAMP authorisation in August 2023, Totara has expanded its presence in federal agencies, with the US now accounting for over one-third of its ARR.