Learning Technologies Group plc (LTG), a player in the workplace learning and talent industry, has entered into an agreement to acquire all intellectual property and assets relating to Blackboard’s Open LMS platform for $31.7 million (less some customary purchase price adjustments). Following completion of the transaction in approximately four weeks, Open LMS will be invested in as a standalone brand within LTG’s portfolio of best-in-class businesses.
The addition of Open LMS offers significant synergies across the Group’s portfolio of businesses, enhancing LTG’s current offering of learning platforms and meeting the needs of existing clients seeking open-source solutions. LTG will commit dedicated resources to Open LMS as a unique operation, encouraging organic and synergistic growth. Under a partnership agreement, LTG is to resell Blackboard products integrating with Open LMS.
Open LMS is one of the largest Moodle providers and is deployed globally across dozens of countries and is supported by a global team of e-learning and technology experts. Led by Phill Miller, Open LMS will form the foundation for a consolidation strategy, supporting further value-add within LTG and the Moodle community.
LTG Chief Executive, Jonathan Satchell, commented: “I am delighted to welcome Open LMS into the Group. We are excited, not only by the introduction of the Open LMS product into our portfolio, but by the addition of the talented workforce transferring into the Group under Phill’s leadership. I am keen to see how we can further develop the capability afforded by this acquisition in the coming weeks and months.”
LTG Chief Innovation and Product Officer, Tim Martin, to whom Open LMS will report, added: “We believe organizations’ learning platform needs vary wildly, and we intend to serve organizations in all geographies and with all manner of requirements. From high-consequence situations, where PeopleFluent is a great fit, to educational and governmental agencies, where Open LMS serves, we believe we have the coverage to meet our clients’ needs, rather than to have them accommodate our offerings. We’re particularly excited about our ability to serve the mid-market with a complete SaaS offering via Open LMS.”
Under LTG ownership, Open LMS is expected to drive innovation around the Moodle platform, creating unique functionality for its clients by evolving Moodle and integrating with other market-leading LTG products. Clients will be supported in creating a holistic solution for instruction and learning needs. LTG remains committed to student data privacy as it does with its other learning-related products and services.
Open LMS Managing Director, Phill Miller, who will remain with the business under LTG ownership, commented: “We’re continuing to see the distinction between education and corporate training disappear, and the global Moodle community is a reflection of that trend. With its ‘buy and grow’ strategy of investment, LTG is the perfect partner… I’m excited to connect with many of our clients over the next several weeks and months to share our plans and get feedback on the next set of innovations we plan to build.”
For more information, visit ltgplc.com