Jonathan Satchell, chief executive of the e-learning group Learning Technologies Group PLC (LTG) announced the acquisition of NetDimensions and characterized it as “Transformational” for LTG. The purchase is an all cash deal of £54million and expected to close end of March 2017.
LTG began as a professional services group and is transitioning into a full service SaaS company. Their first acquisition was Rustici in 2016, which generated 27% of LTG’s group revenues. Satchell wishes to grow this revenue stream to 50% of group revenues with the NetDimensions acquisition. View Satchell’s interview at: http://bit.ly/2kdVvA0