London (UK), February 2021 - Learning Technologies Group plc, a provider of services and technologies for digital learning and talent management, has agreed to acquire Bridge from Instructure Inc. The acquisition of Bridge will expand Learning Technologies Group's capabilities in the mid-enterprise market.
Bridge is a learning, performance, and skills development platform for mid-enterprise organisations. Specialising in employee-centric experiences, the offering includes a learning management system, in addition to performance, engagement, and skills development products, which are delivered to clients in a single, easy-to-use, SaaS-based platform.
The acquisition significantly extends LTG's learning and talent offerings in the important mid-enterprise market. Bridge is highly complementary to PeopleFluent, which serves the large- enterprise market, and Breezy HR, which serves the small and medium-sized business market.
This latest addition enables LTG to provide a holistic learning and talent development offering to meet the needs of small, mid-size, and large enterprises, three distinct groups with varying needs.
The combination and integration of Bridge with LTG's other portfolio offerings will create opportunities for cross-sell and upsell-led growth. Bridge contributes a further 800 customers to the Group.
Jonathan Satchell, Chief Executive of LTG, said, "I am delighted to welcome Bridge to LTG. Bridge adds real strength and depth to our learning and talent offering for the mid-enterprise market, which has attractive structural dynamics. The acquisition extends LTG's current market coverage, enabling us to meet the needs of customers of all sizes and complexities."
The acquisition, which is expected to complete 26 February 2021, is to be funded from LTG's existing cash resources.