NI e-learning firm Learning Pool expects to grow its business in the US to more than 50% of turnover following its acquisition of Colorado-based Remote Learner last month.
This is the fourth company to join the Learning Pool Group and the third acquisition supported by Ulster Bank.
Learning Pool currently has a client base totalling more than 1,100 companies around the world, and its e-learning solutions are estimated to support 5.1 million learners.
From its first acquisition in 2016, the company's global workforce has grown three-fold from 80 to more than 260.
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In 2016, Learning Pool acquired Mind Click, a British competitor with offices in Nottingham and Brighton and a large share of private sector companies which complemented Learning Pool’s public sector focus.
The Belfast business then took over Glasgow-based MediaCorp in 2018 and Oxfordshire-based HT2 Labs in 2019.
Learning Pool Group CEO Paul McElvaney said: “Acquiring Remote Learner is strategically important for us and will help us grow our US business which currently accounts for about 30% of turnover and we expect to increase to 50% pretty quickly. Ulster Bank has supported us to make our last three acquisitions and have been a great help to us on that journey.”
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Kenton Hilman, Head of Corporate and Property at Ulster Bank congratulated Learning Pool and added: “Public and private sector organisations have taken major strides forward in their adoption of technology-enabled teaching and learning on account of recent global events.
"With the support of learning and development technologies offered by companies like Learning Pool these organisations have been able to adapt quickly and efficiently to provide effective and personalised learning solutions for their employees in challenging market conditions.”
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Source: Written from press release
