Remote learning firm expands into US with fourth acquisition
Learning Pool, the online learning firm with a substantial base in Nottingham, has expanded into the US with the acquisition of Remote Learner, based in Denver, Colorado.
The deal is the fourth acquisition for private equity-backed Learning Pool in as many years and comes off the back of strong 2020 annual results for the firm, in which revenues were up 32% to £18.1m. It follows the company’s 2019 acquisition of HT2 Labs.
Learning Pool Group CEO Paul McElvaney said: “ We’ve been particularly impressed by the focus on delivering impact to customers that the Remote Learner team prides itself on, which has been especially evident through the COVID pandemic.
“This acquisition puts the Group in great shape to accelerate our already ambitious customer satisfaction and growth targets in the North American region and takes the global Learning Pool team to more than 260 dedicated and talented people.”
Remote Learner’s current president and chief innovation officer, Dr Page Chen, will assume the role of chief executive officer and join the Learning Pool Group board.
He said: “This acquisition represents a great opportunity to honor our commitment to helping our clients grow their impact.
“The team at Learning Pool has made impressive progress over the last twelve months on bringing together LMS, LXP, Analytics, Library and Custom Content solutions into one of the most compelling portfolios in today’s online learning market. We have a long history of using technology to improve lives through learning and look forward to driving even more value for our customers.
“The learning platform market is rapidly changing as business and educational institutions surge toward online learning solutions in the wake of the global events of 2020. This acquisition supports Remote Learner in both maximizing the opportunity created whilst continuing to provide exceptional service to customers in North America.”
Dr Ben Betts, CEO at Learning Pool, said: “Customers are increasingly asking us for more help, and the breadth of our portfolio offering serves the workplace learning needs of almost every business and organization in the UK and North America. We’re excited about bringing our innovative solutions around automation, analytics and learning in the flow of work to the Remote Learner customer base.”
