M&A Deal Summary

Learning Technologies Group Acquires PeopleFluent

On April 25, 2018, Learning Technologies Group acquired internet software and services company PeopleFluent from Bedford Funding Corp for 107M GBP

Acquisition Highlights
  • This is Learning Technologies Group’s 2nd transaction in the Internet Software and Services sector.
  • This is Learning Technologies Group’s largest (disclosed) transaction.
  • This is Learning Technologies Group’s 3rd transaction in the United States.
  • This is Learning Technologies Group’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2018-04-25
Target PeopleFluent
Sector Internet Software and Services
Buyer(s) Learning Technologies Group
Sellers(s) Bedford Funding Corp
Deal Type Add-on Acquisition
Deal Value 107M GBP

Target

PeopleFluent

Waltham, Massachusetts, United States
PeopleFluent, Inc. is an independent provider of cloud based integrated talent solutions focusing on all aspects of the employee lifecycle: recruitment, development, performance and compensation. PeopleFluent, Inc. was established in 1997 and is based in Waltham, Massachusetts.

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Buyer(S) 1

Buyer

Learning Technologies Group

London, United Kingdom

Category Company
Founded 1986
Sector Internet Software and Services
Employees5,001
Revenue 562M GBP (2023)
DESCRIPTION

Learning Technologies Group is a provider of e-learning services and technologies to corporate and government clients in the United Kingdom. Learning Technologies Group was founded in 1986 and is based in London, the United Kingdom.


DEAL STATS #
Overall 6 of 12
Sector (Internet Software and Services) 2 of 6
Type (Add-on Acquisition) 5 of 9
State (Massachusetts) 1 of 1
Country (United States) 3 of 6
Year (2018) 1 of 1
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-29 Rustici Software

Franklin, Tennessee, United States

Rustici Software LLC is the world's foremost expert on SCORM (Sharable Content Object Reference Model). Its technology is embedded in hundreds of e-learning products and is essential for ensuring that they work well together. SCORM is the de facto industry standard for e-learning interoperability, allowing online learning content and learning management systems to communicate and work together.

Buy $26M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-10 Blackboard - Open LMS Business

District of Columbia, United States

Blackboard, Inc.'s Open LMS Business is a moodle-based SaaS LMS used to increase its focus on the innovations and services that are core to its client base.

Buy $32M

Seller(S) 1

SELLER

Bedford Funding Corp

White Plains, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2006
PE ASSETS 1.4B USD
Size Large
Type Sector Focused
DESCRIPTION

Bedford Funding is a specialist private equity firm focused on investing in the technology sector. Bedford has a specific interest in the software and IT services sectors where the firm can leverage the principals' industry experience. Prospective transaction situations include common stock purchases, leveraged buyouts, take-privates, PIPEs, recapitalizations, and consolidations. Bedford Funding was formed in 2006 and is based in White Plains, New York.


DEAL STATS #
Overall 1 of 2
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Massachusetts) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-24 MDLive

Sunrise, Florida, United States

MDLive, Inc. is a provider of online and on-demand health-care delivery services and cloud-based software-and the firm is prepared to fork out more. MDLive was founded in 2006 and is based in Sunrise, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-26 MDLive

Sunrise, Florida, United States

MDLive, Inc. is a provider of online and on-demand health-care delivery services and cloud-based software-and the firm is prepared to fork out more. MDLive was founded in 2006 and is based in Sunrise, Florida.

Sell -