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