Derry's Learning Pool acquires New York business
DERRY tech firm Learning Pool has the acquired New York-based business True Office Learning for an undisclosed sum.
The deal comes some just seven months after US investor Marlin Equity Partners bought a majority share in Learning Pool, announcing plans to create 100 jobs.
Truce Office Learning, which offers a cloud-based adaptive training and analytics platform, was previously owned by the New York Stock Exchange. It was acquired by Los Angeles-based Marlin in June 2017.
The deal, which is Learning Pool's fifth acquisition in as many years, gives the Derry headquartered company another foothold in north America, adding to its offices in Boston, New York, Denver and Ontario.
It also takes the e-learning group to almost 400 staff, serving more than 1,400 customers.
Learning Pool was founded in 2006 by Louise and Paul McElvaney. Now the group's executive chair, Mr McElvaney said the latest acquisition will bring “tremendous value” to customers on both sides of the Atlantic.
The company said True Office Learning's adaptive compliance technology, has already been deployed to more than 17 million users in 65 languages.
Ben Betts, who took over as Learning Pool's chief executive in December 2020, said: “In the past two years, the way we work and learn has changed dramatically, and our aim is to lead the way in reshaping the new workplace learning landscape.
“True Office Learning represents a significant step in our journey to create extraordinary outcomes for companies who invest in learning,” he added.
“The True Office Learning team has developed the most trusted and innovative offering in the compliance space today and we couldn't be more excited about bringing the technology and team into our Stream Learning Suite.”