Learning Technologies Group plc (“LTG”), the integrated elearning services and technologies provider, is pleased to announce that it has successfully completed the acquisition of NetDimensions, an integrated enterprise talent management software platform provider, for £53.6 million.
This deal enhances the Group’s capability, introducing proprietary learning management technology to LTG’s portfolio of specialist digital learning businesses, which include LEO, gomo, Eukleia, Preloaded and Rustici. The acquisition of NetDimensions will also significantly expand LTG’s geographical reach, particularly in the Asia-Pacific region.
Founded in 1999, NetDimensions’ award-winning suite of learning products provides organisations with talent management solutions to personalise learning, share knowledge, enhance performance, foster collaboration and manage compliance programmes for employees, customers, partners and suppliers. The business is headquartered in Hong Kong with offices in the Philippines, Australia, the United Kingdom, the United States and Germany. The acquisition will bring exciting cross-selling capabilities for the Group’s other businesses as LTG continues to introduce its market-leading portfolio of services and products to new regions.
The acquisition of NetDimensions completes the range of capabilities required for a full-service offering, enabling LTG to create and deliver dynamic, end-to-end learning solutions to its global client base. With the addition of NetDimensions to the Group, LTG can now offer platforms using technology developed and owned in-house, thereby further positioning the Group as a leading provider of digital learning solutions on a broader scale for global corporates and governments.
Jonathan Satchell, Chief Executive of LTG, commented: “This is a momentous step in LTG’s journey that materially enhances our capabilities and takes us closer to our goal of creating the world’s leading learning technologies firm.
The addition of NetDimensions’ platform bolsters our competitive edge and allows us to offer unrivalled capability and value, placing us firmly at the heart of the global learning industry. We are looking forward to welcoming our new colleagues and working with their customers and partners around the world.”
Jay Shaw, Chief Executive of NetDimensions, said “Given the complementary nature of LTG’s brands, I expect this acquisition to have a very positive impact on our growth. Together, we will have a strong foundation from which we expect to leverage our strengths and achieve product innovations that will benefit our clients and valued business partners.”
NetDimensions will remain a separate operating company and brand within the Group and through its key customers and resellers, it will extend LTG’s presence in high-consequence sectors such as financial services, defence and security, and government.