Aliter Capital completed the acquisition of Sponge.

Aliter Capital, a private equity firm, completed its acquisition of Sponge, a custom digital learning solutions specialist, coming together with Glasgow-based Bolt Learning to create a major new force in the learning technology market. Financial terms were not disclosed. "Bringing Sponge and Bolt together creates a major new player in the digital learning market which combines powerful learning technologies with creative content development. Our strategy is to build on this foundation to create a broad-based blended learning group underpinned by market-leading learning technologies," Billy Allan, Aliter Managing Partner.