gomo welcomes integrated talent management (ITM) platform PeopleFluent as part of Learning Technologies Group [press release]

Acquisition of PeopleFluent will enhance gomo’s ability to provide user-generated content.

gomo, the leading cloud-based authoring, hosting, distribution and analytics suite, announces parent company LTG’s intention to acquire PeopleFluent.

gomo welcomes integrated talent management (ITM) platform PeopleFluent as part of Learning Technologies Group

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.

PeopleFluent will introduce capability, including advanced video technology and social collaboration tools, to LTG’s portfolio of specialist digital learning businesses, which along with gomo, includes LEO Learning, Eukleia, PRELOADED, Rustici Software and NetDimensions.

gomo welcomes integrated talent management (ITM) platform PeopleFluent as part of Learning Technologies Group

The acquisition will provide gomo users with access to PeopleFluent’s on-demand video technology, KZO Innovation. KZO’s rapid content creation supports essential content creation functions within learning teams, allowing users to repurpose, enhance and deliver video content with speed and confidence. Differentiated by extensive search and collaboration capabilities, KZO is set to be available to gomo users in a matter of months.

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 organizational skills will have to be reprioritized or revisited because of digital business transformation[1]. The acquisition of PeopleFluent introduces a new range of capabilities required for the workforce of today, enabling LTG to provide the full employee lifecycle with a complete set of products and services from recruitment to retention.

Founded in 2010, PeopleFluent provides organizations 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.

“I am delighted to announce that we have entered into an agreement to acquire PeopleFluent. 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,” said Jonathan Satchell, Chief Executive of LTG.

The acquisition of PeopleFluent will also significantly expand LTG’s geographical reach, particularly in the North American region.

“This is another compelling acquisition by LTG and another world-class company for gomo to work closely with,” said Mike Alcock, Managing Director of gomo. “Talent and Learning are perfectly aligned and I look forward to the possibilities opened up for gomo to work with our new colleagues and complementary technologies at PeopleFluent.”

LTG’s announcement to the London Stock Market revealed an intention to acquire PeopleFluent, making an offer of $150 million / £105 million plus transaction costs.

gomo welcomes integrated talent management (ITM) platform PeopleFluent as part of Learning Technologies Group

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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.

[1] https://www.slideshare.net/HRTechWorld/digital-business-redefines-talent-management-john-kostoulas-gartner, slide 4

 

Enquiries:
Jared Orlin
Content and Press Specialist
jared.orlin@gomolearning.com
+441273728686

About gomo
gomo provides two great products that enable you to create, host, update, distribute and track beautiful multi-device eLearning. gomo authoring creates truly responsive and adaptive HTML5 content that looks perfect on all devices, including desktops, tablets and smartphones. gomo hosting and analytics allows you to get content into the hands of learners instantly, via websites, direct link, QR code, the gomo LMS wrapper, social media, the gomo central mobile learning app and more – all with full xAPI analytics.

With an ever-growing client base including Nike, Jaguar Land Rover, Booking.com, EE, Royal Mail Group, Santander, British Airways, Shell, Rentokil Initial, United Healthcare, the BBC, Norton Healthcare and many more, gomo is quickly becoming the established choice for global organizations seeking collaborative, future-proof and responsive HTML5 multi-device eLearning.

For more, visit gomolearning.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.

About PeopleFluent
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.

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