NEWS
Lumesse
acquires SaaS-based learning experts Edvantage Group
10
October 2011
Singapore
| Lumesse announced on 3 October that it has signed a binding
agreement to acquire Edvantage Group (www.edvantagegroup.com).
Over 500,000 users across hundreds of organisations use Edvantage
Group’s SaaS (Software-as-a-Service) learning solutions
to develop employee skills and competencies.
Edvantage Group brings Lumesse world-class capabilities in learning
management, content development and management, online content
delivery, and custom course development. The two companies already
share a number of customers and have pre-existing integrations
between their respective product sets. The acquisition includes
all customer contracts, intellectual property, assets and goodwill
of the business and, subject to the usual regulatory approval
by the Norwegian competition authorities, is expected to close
during October.
“People love to learn, and learning is rising up the corporate
agenda as every successful business needs to retain and develop
its people as part of a full talent management strategy,”
said Matthew Parker, CEO at Lumesse. “Acquiring Edvantage
gives Lumesse an award-winning learning and content platform that
will enhance the 2012 product roadmaps for both Lumesse TalentLink
and Lumesse ETWeb. We are very excited to be welcoming this great
company, its many high-profile customers, and its talented employees
to the growing Lumesse family.”
Already
offering some of the most complete talent management solutions
in the industry, Lumesse will broaden its products further to
include Edvantage Group’s learning management system, award-winning
content authoring platform, extensive range of on-demand content,
and its custom developed e-learning programs. Lumesse customers
will be able to easily provide formal, informal, social and mobile
learning opportunities to employees as a part of a fully integrated
talent development strategy.
Lumesse
is a global company providing talent management solutions.
The Edvantage
Group is a leading e-learning company helping organisations
improve employee skills and transfer knowledge, leading to better
performance and business results.
Source : Lumesse
