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Learning Technologies Group completed the acquisition of Reflektive for $14m.

Synopsis

Learning Technologies Group, the provider of services and technologies for digital learning and talent management, completed the acquisition of Reflektive, a performance management software provider, for $14m. "I am delighted to announce our acquisition of Reflektive, which will join during this exciting time of resilient growth for LTG's Software and Platforms division. Reflektive takes a cutting-edge approach to performance management, matched with flagship tools that enable truly engaging continuous goal-setting within organisations. This highly complementary acquisition will enhance the capabilities of PeopleFluent, bringing over 450 new corporate customers. Furthermore, it increases LTG's proportion of proforma recurring revenue to more than 80%," Jonathan Satchell, LTG Chief Executive.

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