Learning Pool delivers strong results after acquiring rival HT2 Labs earlier this year.
Derry e-learning company Learning Pool has reported revenues of £18.2m for the past 12 months, up 32pc.
The strong results come on the heels of Learning Pool making the strategic acquisition of UK Oxfordshire rival HT2 Labs earlier this year.
“The HT2 Labs acquisition was a real statement of ambition for us”
As a result of their pioneering research and development in Learning Record Stores and Learning Experience Platforms, the HT2 Labs customer portfolio includes market-leading organisations such as AstraZeneca, Villeroy & Boch, KPMG and HSBC.
Learning Pool engaged more than 230 new clients during FY20 across a wide range of industries including Center Parcs, iRobot, Ofcom, Unicef, Dell, the Food Standards Agency, Isle of Wight Council, Places for People and HS2.
Core focus on value and service
“Learning Pool had another great year,” said Learning Pool’s Founder and CEO, Paul McElvaney. “The HT2 Labs acquisition was a real statement of ambition for us and the expanded team has worked phenomenally hard to bring together our respective product and client portfolios.
“As organisations adjust to very different ways of working, Learning Pool is now able to provide the complete scope of learning solutions needed for success in today’s environment”
“This means we are now bringing to market a unique suite of cost-effective learning solutions to serve every customer challenge: from a quick piece of custom learning content through to a modern and sophisticated learning ecosystem. Our core focus remains firmly on delivering outstanding value and service to every one of our customers as we continue to scale our business.”
Since Learning Pool partnered in 2016 with Carlyle Cardinal Ireland (CCI), Ireland’s largest private equity fund, the management team has pursued a blended growth strategy focused on organic growth supplemented by targeted acquisitions. I
In FY20, organic revenues grew by 18pc over the previous year and a further 14pc was added from the HT2 Labs acquisition. The company expects to continue to grow in FY21 as customers accelerate their search for online solutions to keep their workforce safe and well informed.
“We’re now engaged with customers and their requirements on a global scale,” said chief product officer Ben Betts. ”The learning content that we produce, in combination with a highly functional LMS (Learning Management System, the very latest in LXP (Learning Experience Platform) technology and market-leading LRS (Learning Record Stores) analytics, means our customers can deliver transformational online learning and compliance to their teams in a truly automated, agile and personalised way.
“As organisations adjust to very different ways of working, Learning Pool is now able to provide the complete scope of learning solutions needed for success in today’s environment.”
Written by John Kennedy (firstname.lastname@example.org)
Published: 12 August, 2020