The acquisition of PeopleFluent will increase LTG’s talent development and retention expertise, bring social learning and on-demand video technology capabilities, as well as opportunities to manage and measure coaching and mentoring.
Eukleia’s parent company Learning Technologies Group plc (“LTG”), the integrated elearning services and technologies provider, has entered into an agreement to acquire PeopleFluent, a leading independent provider of cloud-based integrated talent solutions focusing on all aspects of the employee lifecycle: recruitment, development, performance and compensation.
The acquisition of PeopleFluent is the Group’s response to the current global requirement for workplace change. According to research by Gartner, by 2022, nearly 80% of organisational skills will have to be reprioritised or revisited because of digital business transformation . PeopleFluent introduces a new range of capabilities required for the workforce of today, enabling Eukleia to work alongside PeopleFluent on the full employee lifecycle with a complete set of products and services from recruitment to pre-induction, onboarding and retention.
Founded in 2010, PeopleFluent provides organisations with cloud-based solutions to power a productive workforce. PeopleFluent’s Talent Productivity Platform unifies a company’s talent acquisition and talent management processes into a single, collaborative workspace that reflects their unique talent strategies, culture, and employer brand.
“We’re excited to welcome PeopleFluent to the LTG and Eukleia family,” said Bill Flind, Managing Director of Eukleia. “Talent development and learning should always go hand in hand, and that natural fit creates a huge opportunity for both companies, enabling us to add significant value for our clients.”
PeopleFluent brings enhanced capability, including pre-induction outreach, advanced video technology and social collaboration tools, to LTG’s portfolio of specialist digital learning businesses, which along with Eukleia, includes gomo, LEO Learning, PRELOADED, Rustici Software and NetDimensions.
The acquisition will provide Eukleia with access to PeopleFluent’s talent management platform, workplace collaboration software, on-demand video technology, as well as the ability to manage and measure leadership development and coaching and mentoring. Eukleia’s truly end-to-end offering benefits from PeopleFluent’s wealth of knowledge in pre-induction and onboarding, as well as increasing speed to competence.
“I am delighted to announce that we have entered into an agreement to acquire PeopleFluent,” said Jonathan Satchell, Chief Executive of LTG. “Learning and talent are closely aligned, and integrated talent and learning solutions will become vital as the pressure increases on corporates to attract, develop and retain people.”
The acquisition of PeopleFluent will also significantly expand LTG and Eukleia’s geographical reach, particularly in North America.
LTG announced its intention to acquire PeopleFluent to the London Stock Market on Tuesday 24 April 2018, making an offer of $150 million.
Completion of the acquisition is conditional upon, among other things, completion of the Placing, the incremental debt financing being available at completion of the acquisition, all applicable waiting periods (and extensions thereof) under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976 shall have expired or otherwise been terminated by the parties, and the Merger Agreement not being terminated, in each case, in accordance with the terms of the Merger Agreement.
Subject to the fulfilment of the above conditions, the Acquisition is expected to complete shortly after the satisfaction of the U.S. anti-trust condition which is expected to take approximately two weeks if the U.S. anti-trust authorities grant early termination of the statutory waiting period, and 30 days or more if early termination is not granted. Completion of the acquisition is therefore expected to occur in May 2018.
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Eukleia was first established in 2005, and has gone from strength to strength as a specialist Governance, Risk Management and Compliance (GRC) training consultancy ever since. Eukleia has offices in both London and New York, catering to an international clientele, including many of the world’s leading banks.
Our capabilities cover all aspects of training, from initial course design through to delivery and assessment. As part of Learning Technologies Group plc, we create engaging and accessible learning, partnering with our sister companies where appropriate to offer a wide variety of training solutions, including classroom training, e-learning courses, videos and games.
For more, visit eukleia.com.
About Learning Technologies Group
Learning Technologies Group is a leader in the high-growth workplace e-learning industry. The Group offers truly end-to-end learning solutions ranging from strategic consultancy, through a range of content and platform solutions to analytical insights that enable corporate and government clients to meet their performance objectives.
LTG is listed on the London Stock Exchange Alternative Investment Market (LTG.L) and headquartered in London. The Group has offices in Europe, the United States, Asia-Pacific and South America.
For more, visit ltgplc.com.
Designed exclusively for large enterprise employers, PeopleFluent is a leading independent provider of cloud-based integrated recruiting, talent management, and compensation management solutions. By deeply integrating pervasive video, strategic analytics and collaborative social technologies into its complete suite of Talent Management applications, PeopleFluent redefines employee engagement to boost productivity and improve financial results. Spanning across an organisation’s entire global workforce with one talent cloud, PeopleFluent equips leaders with the meaningful talent data and strategic analytics necessary to make better business decisions.
PeopleFluent has worked with over 5,100 organisations in over 200 countries and territories to engage employees to drive better business results. Today, 50 percent of the Fortune 100 relies on PeopleFluent as part of their talent management delivery strategy, helping them successfully achieve their talent aspirations.