Announced
Financials
Sources
Tags
Ireland
Single Bidder
Friendly
Private Equity
Pending
United Kingdom
Acquisition
Digital Services
Majority
Cross Border
Online and Social Platforms
elearning solutions
Private
Synopsis
Marlowe, an investment company, agreed to acquire Riskwize and EssentialSkillz, a provider of eLearning and compliance SaaS, for $34m. "This acquisition of EssentialSkillz is the next step in our strategy to become the compliance software market leader. EssentialSkillz is a leading compliance SaaS and eLearning business of scale and its merger with our new WorkNest platform further strengthens our one-stop-shop regulatory compliance offering for our clients. The proposed fundraise will also provide Marlowe with additional funding for near-term accretive bolt-on M&A, in line with our strategy to deepen and broaden our activities to address more and more of our customers' safety and regulatory compliance needs," Alex Dacre, Marlowe CEO.
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