Training software firm Learning Technologies seals US push with deal worth up to $30m


 

By Natasha Bernal

Learning Technologies Group (LTG), an AIM-listed provider of staff training software, has bought US human resources business Breezy in a deal worth up to $30m (£23m).

The deal, LTG’s latest in a string of acquisitions, will help it meet its goal to achieve earnings of at least £55m by the end of 2021, the company claimed.

LTG will pay an initial $12m for the recruitment software company, whose products are used by 10,000 companies in 72 countries, followed by a three-year payment of $18m if it meets targets.

LTG said the deal ‘extends the Group’s existing enterprise client-base to include a new SMB audience, with typically faster self-service sales cycle

Read More:
https://www.telegraph.co.uk/technology/2019/04/17/training-software-firm-learning-technologies-seals-us-push-deal/

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