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Assima Announces the Acquisition of Kaplan Learning Technologies - Assima has purchased Kaplan Learning Technologies and extends product portfolio into the mid-level market with STT and Atlantic-Link - Assima.net
Assima Announces the Acquisition of Kaplan Learning Technologies

 

NewswireToday - /newswire/ - London, United Kingdom, 2012/02/09 - Assima has purchased Kaplan Learning Technologies and extends product portfolio into the mid-level market with STT and Atlantic-Link - Assima.net.

   
 
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Assima PLC today announces the acquisition of Kaplan Learning Technologies from Kaplan, Inc. The deal formally completed on February 9th 2012 and covers all assets and intellectual property associated with the STT Trainer and Atlantic-Link product lines but excludes the PerformIT product line. Kaplan Learning Technologies had business operations in Atlanta, GA, USA; Reading & Nottingham, UK and Cape Town, South Africa; these will join the Assima organisation.

STT Trainer and Atlantic Link are well-established, award winning collaborative platforms for authoring rich e-Learning content currently used by over 200 clients worldwide, including; Shell International, Barclays Bank, E.on, Heineken, Chelsea & Westminster Hospitals NHS Foundation Trust, Lancashire County Council, Warburtons, Santander, BskyB and BT Plc.

Assima will quickly bring the STT Trainer and Atlantic Link client base under its support operations and will be holding a client briefing and update day in late March 2012. Assima intends to include both product lines in its on-going development roadmap and will extend and enhance these offerings with its own innovative technology.

Commenting on the acquisition, Michel Balcaen, Chairman said,“Amidst continuing and sometimes confusing consolidation in the eLearning marketplace, we are pleased to bring STT and Atlantic Link into the Assima Group. These products provide competitively priced options for those clients that do not need the full software project lifecycle support offered by our enterprise level solutions but still seek award winning product technology and market leading professional services.”

LEÓN, MAYER & Co. served as exclusive financial advisor to Kaplan, Inc.

 
 
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Assima Announces the Acquisition of Kaplan Learning Technologies

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Publisher Contact: Paul Ells - Assima.net 
+44(0)20 3328 3280 paul.ellis[.]assima.net
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Assima securities in any jurisdiction including any other companies listed or named in this release.

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