M&A Deal Summary

Nexthink Acquires AppLearn

On January 30, 2024, Nexthink acquired information technology company AppLearn from K1 Investment Management

Acquisition Highlights
  • This is Nexthink’s 1st transaction in the Information Technology sector.
  • This is Nexthink’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2024-01-30
Target AppLearn
Sector Information Technology
Buyer(s) Nexthink
Sellers(s) K1 Investment Management
Deal Type Add-on Acquisition

Target

AppLearn

Manchester, United Kingdom
AppLearn is a system integrator, implementing HR systems for world-leading organizations. AppLearn created ADOPT a purpose-built Digital Adoption Platform (DAP) designed to support complex, large-scale change such as HCM, CRM, and ERP transformation projects. AppLearn was founded in 2011 and is based in Manchester, United Kingdom.

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Buyer(S) 1

Buyer

Nexthink

Lausanne, Switzerland

Category Company
Founded 2004
Sector Internet Software and Services
DESCRIPTION

Nexthink provides a cloud-based software platform that enables IT departments to monitor, analyse, and improve the digital employee experience by collecting real-time data on devices, applications, networks, and employee feedback, then triggering automated remediation. The Company was founded in 2004 and is headquartered in Lausanne, Switzerland.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 1

DESCRIPTION

K1 Investment Management, LLC is a West Coast US-based private equity firm investing in high-growth private companies across North America. The Firm has a special interest in enterprise software companies and looks to provide meaningful strategic and operational guidance when working with portfolio companies. K1 Investment Management was established in 2011 and is headquartered in El Segundo, California.


DEAL STATS #
Overall 10 of 15
Sector: Information Technology M&A 4 of 4
Type: Add-on Acquisition M&A Deals 3 of 8
Country: United Kingdom M&A 1 of 1
Year: 2024 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-24 ELMO Software

Sydney, Australia

ELMO Software is a cloud-based HR & Payroll software provider. The company offers customers a unified platform to streamline processes for HR, and also manage payroll and rostering / time & attendance. ELMO Software was founded in 2002 and is based in Sydney, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-06 GoCanvas

Reston, Virginia, United States

GoCanvas is a mobile platform that makes it simple for any business to automate how work is done, replacing outdated processes and expensive paperwork. The GoCanvas App works on all smartphones and tablets, helping companies easily collect information across their organization, share it instantly with others and gain real-time insights on their business operations. GoCanvas was founded in 2008 and is based in Reston, Virginia.

Sell -