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New Deal


Announced

Completed

Learning Technologies Group completed the acquisition of Open LMS from Blackboard for $32m.

Financials

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Transaction Value£24m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales2x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Private

Majority

e-learning platform

Education Services

Friendly

Digital Services

Acquisition

Single Bidder

Completed

Cross Border

Synopsis

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Learning Technologies Group, the provider of services and technologies for digital learning and talent management, completed the acquisition of Open LMS, an e-learning platform for distance learning, from Blackboard, an educational technology company, for $32m. "I am excited to expand LTG's capabilities through the acquisition of Blackboard's market-leading Moodle expert, Open LMS. The corporate learning market is showing increased interest in this type of scaleable technology, and we will now have the capability to meet customer demand. I am excited that Phill Miller has agreed to join LTG to drive forward our investment in open-source and to expand LTG's position in this important market segment," Jonathan Satchell, Learning Technologies Group CEO.

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