Lumesse, which claims to be the only global company that can make talent management solutions work locally, signed an agreement to acquire the Edvantage Group, Europe's premier e-learning company that combines cloud and SaaS (News - Alert) technologies with exceptional learning experiences.
In a press release, Matthew Parker, CEO at Lumesse commented on the agreement and said, "Acquiring Edvantage gives Lumesse an award-winning learning and content platform that will enhance the 2012 product roadmaps for both Lumesse TalentLink and Lumesse ETWeb.”
The acquisition is expected to strengthen Lumesse's leadership in Europe and also increase its customer base by over 200 new companies. Lumesse will acquire Edvantage's SaaS learning solutions and also its world-class capabilities in learning management, content development and management, online content delivery and much more.
Lumesse customers will be able to easily provide formal, informal, social and mobile learning opportunities to employees as a part of the talent development strategy.
Edvantage Group founder and CEO Thomas Berglund, who will be in charge of the Global Learning business at Lumesse appeared satisfied with the acquisition, which promised a bright future for the company’s employees, customers, partners and others.
Subject to regulatory approval by the Norwegian competition authorities, the acquisition is expected to be completed in October 2011.
Berglund spoke about the elevated status of the Edvantage Group in the e-learning market and said, "We think they are a great fit for the Lumesse culture and we are looking forward to combining their strengths with ours during 2012 to bring a superb, fully integrated learning offering to our customers and to the global market."
In related news, Edvantage group announced that it had been selected to provide Yara International with e-learning solutions in the safety training area, so that Yara can become the leading performer in the area of worker safety with a targeted accident rate as close to zero as possible.