Acquisition: Learning Technologies Group plc
Learning Technologies Group plc (LTG), the provider of services and technologies for digital learning and talent management has entered into an agreement to acquire all intellectual property and assets relating to Blackboard’s Open LMS platform for $31.7 million (subject to customary price adjustments). Open LMS will be acquired by way of a combined asset carve-out and entity acquisition from Blackboard.
Open LMS offers significant synergies across the LTG’s portfolio of businesses, enhancing LTG’s current offering of learning platforms and meeting the needs of existing clients seeking open-source solutions. LTG will commit dedicated resources to Open LMS as a unique operation, encouraging organic and synergistic growth.
Crowe's role and team
Client quote
“Crowe was an integral part of the successful acquisition and delivered efficient and proactive support, advice and commitment during the transactions. We continue to be impressed with Crowe’s ability to support our growth aspirations globally.”
Jonathan Satchell, Chief Executive, Learning Technologies Group plc
