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 enables learning technology solutions that connect upskilling and performance management to clear organisational outcomes. Multinational corporations, government entities, and mid-market companies choose Totara for their ongoing talent development needs, building on the company’s pioneering expertise and deep, flexible technology platform. With over 20 million users in 140 countries, and customers ranging from Amazon and Pepsico to Samsung and Deloitte, Totara is the solution of choice for empowering people to do their best work.