Derry headquartered Learning Pool consolidates its hold on global e-learning market.
Northern Ireland company Learning Pool has acquired New York-based adaptive compliance tech firm True Office Learning for an undisclosed sum.
True Office Learning is the fifth acquisition by Learning Pool in as many years and adds significant capacity and capability to the Group’s North American business where the company has offices in Boston, New York, Denver and Ontario, Canada.
“True Office Learning represents a significant step in our journey to create extraordinary outcomes for companies who invest in learning”
Following the acquisition, Learning Pool will employ almost 400 people serving more than 1,400 customers and partners from nine offices around the world including Derry and Belfast in Northern Ireland, as well as three offices in the UK and four in North America.
It’s about the learning experience
Learning Pool CEO Ben Betts
Derry tech firm Learning Pool recently revealed plans to create 100 new jobs after landing a new equity investment.
Global equity firm Marlin, which has $7.6bn of capital under management, acquired a strategic stake in Learning Pool.
Established in 2006, Learning Pool comes from the same generation of companies as Twitter and Facebook, but unlike Silicon Valley or Harvard, the location was Derry, Northern Ireland.
The opportunity that Learning Pool’s co-founders Paul McElvaney and Mary McKenna spotted was that organisations were struggling to shift their learning programmes online in a cost-effective way.
“True Office Learning represents a significant step in our journey to create extraordinary outcomes for companies who invest in learning,” said Learning Pool CEO Ben Betts.
“The True Office Learning team has developed the most trusted and innovative offering in the compliance space today and we couldn’t be more excited about bringing the technology and team into our Stream Learning Suite.”
True Office Learning is the creator of award-winning adaptive e-learning and behavioural intelligence technology that measurably improves performance in organisations around the world. Specialising in predictive insight and targeted remediation, True Office Learning has become the go-to disruptor in compliance helping a wide range of Fortune 100 clients like Pfizer, Mondelez and Cargill create award winning programmes that proactively manage risk and drive better business outcomes.
“True Office Learning has changed the way compliance teams think about training and data in just a few short years, since spinning out from the New York Stock Exchange,” said CEO of True Office Learning Neha Gupta.
“Having accelerated the adoption of our adaptive, insights-focused technologies to serve more than 300 leading organisations, we have shifted compliance training from ‘check the box’ to measurable, personalised experiences that yield actionable intelligence on the learners. The opportunity to combine our solutions with Learning Pool’s LXP technology, Stream, represents a significant leap forward for our combined customers. We are excited that our shared passion for innovation, customer centricity and delivering extraordinary outcomes will build the future of enterprise learning.”
Ben Betts added: “Most large companies rely on legacy learning management system platforms to deliver the nuts and bolts of learning, significantly limiting what they can measure, personalise and automate within eLearning experiences. But together, Learning Pool and True Office Learning will be able to demonstrate the advantages of delivering compliance learning through an LXP (learning experience platform) to meet critical business needs today, whilst also preparing the workforce for tomorrow. In the past two years, the way we work and learn has changed dramatically, and our aim is to lead the way in reshaping the new workplace learning landscape.”
As companies turn increasingly towards LXPs and the use of artificial intelligence in their learning solutions, the need for actionable, smart data to underpin personalised learning is becoming clear.
“True Office Learning has found a way to develop an action-orientated compliance solution that yields great data for clients while optimising seat-time,” said Mark Lynch, chief product officer at Learning Pool.
“The behavioural insights that a company can use to measure and manage risk through True Office Learning’s solutions can also be used behind the scenes to tailor and personalise the learning experience for others. Learning Pool has put data at the heart of our strategy for years, True Office Learning builds upon this platform to give us an unrivalled base from which to innovate and continue to deliver meaningful results by using AI and increasingly advanced machine learning techniques.”