Derry technology firm Learning Pool buys British counterpart
DERRY based educational software company Learning Pool has acquired British e-learning firm Mind Click.
The acquisition significantly increases Learning Pool's operations in Britain and brings staff numbers to 150.
It means Learning Pool is now the largest provider of Totara learning management systems (LMS) in the global network.
The company provides resources to public sector organisations and private companies throughout the UK and internationally.
Mind Click's managing director Sean Reddington is reinvesting in the expanded business and will join Learning Pool’s strategic management team.
Learning Pool CEO Paul McElvaney said Mind Click's growth in recent years "has been remarkable and driven by genuine innovation and customer focus".
"These are attributes that we share at Learning Pool and I’m confident that this acquisition will be a springboard to deliver more innovative training solutions to our clients," he said.
"This acquisition follows the investment in our company earlier this year by Carlyle Cardinal Ireland and positions us strongly for continued growth.
“Mind Click brings a new dimension to our offering and their creative team will be instrumental as we build out our technology and content at a quicker pace around trends like gamified learning and highly immersive content for our customers benefit."
Earlier this year, global asset manager the Carlyle Group made its first significant investment in Northern Ireland after buying a £4m-plus stake in Learning Pool.
Carlyle Group, which has $180 billion of assets under its management, established the Carlyle Cardinal Ireland (CCI) Fund in 2014 and handed it nearly €300m to invest in established Irish companies with strong management teams which have ambitions for further growth.