In a brief press release, Learning Tree President and CEO Nicholas R. Schacht commented: "For over 33 years, Learning Tree has taken the lead in providing the highest quality, vendor-independent education and training for managers and IT professionals worldwide … We believe this is an appropriate time to solicit offers to determine if a sale is the best way to maximize shareholder value."

"A sale would also address the desires of our two founders, who remain our principal shareholders, for diversification and liquidity to accommodate their charitable interests", he continued. It goes on to say that it has not ruled out either continuing as a stand-alone company "or pursuing some other strategic alternative".

"As we proceed with this process, we will continue to provide our customers with the same high levels of service and results for which we are known", Schacht concluded.


Learning Tree has retained RBC Capital Markets, a subsidiary of the Royal Bank of Canada, as its financial advisor and Manatt, Phelps & Phillips, LLP as its legal advisor. Learning Tree does not plan to release additional information about the status of this process until a definitive agreement is executed or Learning Tree otherwise determines that further disclosure is appropriate.

Learning Tree's UK subsidiary was ranked second in this year's Top 50 compiled by IT Skills Research.