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Eukleia latest acquisition for Learning Technologies group
Learning Technologies Group plc has acquired Eukleia, a specialist governance, risk management and compliance (GRC) training consultancy in a deal that could be worth up to £11 million. Eukleia is a provider of e-learning to the financial services sector founded in 2005. Learning Technologies Group acquired the entire issued share capital of its latest acquisition.
CDG: platform to deliver
Casual Dining Group is altering its employee training and development with the introduction of a training platform, created by CPL Online. The restaurant operator, whose high street restaurant brands include Bella Italia, Café Rouge and Belgo, has rolled out a company-wide learning management system (LMS) available to CDG’s 6,000 employees via desktops and mobile devices. Catherine McGuckin, HR director at Casual Dining Group said: “I am very excited about the impact this will have not only on capability and performance but also employee engagement and satisfaction.”
The induction process and experience has been transformed with the new system and content and it has given the company a platform to deliver enhanced training plans that it has structured for all its employees.
Custom made by CPL Online, specialist in the hospitality sector, the LMS has a company centric induction course as well as brand specific inductions for all new employees in a series of bite-sized training sessions taking less than 10 minutes. The brand specific induction courses are compulsory for employees, however there is the option for employees to complete the various other CDG brand training modules. CDG is the first client of CPL to opt to go 100% HTML5.
A bespoke authorising tool for Casual Dining
Group allows employees to complete tasks designed to improve their knowledge and skill set. In order for the task to be marked as completed the user must complete actions such as watching video clips or reading assigned documents. David Dasher, CPL Online’s managing director
said: “Casual Dining Group’s knew exactly what it wanted to achieve and has been swift in delivering it across its business.”
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The consideration comprises an initial payment of £7.5m of which £6.0m will be paid in cash and £1.5m in new Learning Technologies Group shares, at a price of 22 pence per share, issued to the shareholders of Eukleia. Up to a further £3.5m will be payable based on the revenue growth of Eukleia in each of the years ending 31 December 2016 and 2017, payable with up to 20% in new Learning Technologies Group shares at the option of the Company with the remainder in cash. Eukleia offers its clients bespoke e-learning, generic e-learning courses, instructor-led training, localisation of training materials and its own learning management system. Eukleia’s clients include HSBC, Barclays, TD Bank, Deutsche Bank and the London Stock Exchange. Jonathan Satchell, CEO of Learning Technologies Group, said: “This acquisition meets our goal of
augmenting the Group with companies that are experts and leaders in their chosen field. Eukleia has grown rapidly in the GRC market and is well placed to benefit from the continued expansion in this market and the internationalisation of its client base. Both our order book and acquisition pipeline are strong and we look forward to updating shareholders in due course as we continue to work towards our ambition of creating a £50m revenue group.” The directors say that the acquisition of Eukleia brings with it significant strategic benefit to the Group, including a presence in the substantial and growing market for GRC, a new suite of products to offer through Learning Technologies Group’s US sales presence and a platform from which to grow more repeatable revenues and to expand into adjacent financial services sectors.
Eukleia is expected to take advantage of Learning
Technologies Group’s international presence to access other GRC markets, in particular, those in the US. It operates from a single office in London and has 51 employees. The founders and the senior management will remain with the business. At the same time Learning Technologies Group shares price hit 25.5p making the group’s stock market value reach the significant £100 million mark.
E-learning companies join cyber-crime fight
Unicorn and eXact learning solutions are taking a central role in helping tackle the global risk from cyber-crime by working alongside AXELOS – a joint venture between the Government and Capita plc – to raise cyber awareness to up to one million users worldwide.
AXELOS Global Best Practice has launched a Cyber Resilience Best Practice portfolio – which is aimed at making employees central to an organisation’s fight against cyber-crime. It is also intended to provide companies with confidence to respond to and recover from cyber-attacks effectively. As part of this Unicorn has partnered with the company to host a suite of learning modules on its learning management system SkillsServe. At the same time eXact learning solutions’ learning
content management system (LCMS) is being used by AXELOS to manage taxonomy and content creation and publication.” Mark Jones, Unicorn’s commercial director, said: “This project gets to the heart of supporting learning about the cyber risks that staff face, their personal responsibilities for their employee’s cyber resilience, and how we can all develop a positive culture of cyber awareness across our organisations.” AXELOS says that the nature and frequency of
cyber-attacks has evolved so much so that it is no longer a case of if an organization will be attacked, but when. Cyber Resilience reflects this evolution and focuses its efforts on how organizations can also respond to and recover from a cyber-attack.
e.learning age september 2015
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