Oslo, September 24, 2008 - Edvantage group, an e-learning company and Managed Learning Services provider, today announces that it has acquired Futuremedia Learning, the e-learning division of Futuremedia.plc. This acquisition significantly strengthens Edvantage group’s presence in the UK, a market with high growth opportunities.
Edvantage group will focus on developing client relationships by helping companies use e-learning to increase workforce performance. As a combined company, clients gain access to one of Europe’s largest teams of e-learning professionals, broadest range of content and powerful learning technologies. The company will employ 36 team members at offices in Brighton and Stamford, and over 100 team members internationally.
"I am excited about bringing together the two companies,” says Thomas Berglund, CEO of Edvantage group. “Futuremedia Learning is known for their skill and expertise, particularly in the area of developing e-learning programmes customised to specific learning needs. Combined with the skills of Edvantage group’s existing team and our range of products and services, we will have more resources and a stronger presence to serve UK customers and international organisations.”
George O’Leary CEO of Futuremedia PLC says, “The time is now for globalisation of the e-learning industry. Partners covering the UK, Europe and North America will have the best opportunities for growth in this world economy.” He continues, “Edvantage has a proven track record of product innovation and financial performance. We are excited about taking a minority ownership stake in their great company. This is a perfect fit for both companies and it best positions Futuremedia Learning in the marketplace going forward.”
Andrea Miles, Managing Director, Futuremedia Learning has been named Managing Director, Edvantage group UK. “Futuremedia Learning and Edvantage group share a common passion, culture and focus on delivering high value e-learning solutions. We complement each other very well and joining the two companies will benefit everyone involved,” concludes Miles.
Post merger, Edvantage group will have combined revenues of £12m, and a customer list of over 200 organisations including Aurum, Crown Prosecution Service, Ericsson, Heineken, MHA, Network Rail, Siemens, StatoilHydro, Virgin International and Volvo.
Picture: Thomas Berglund, CEO, Edvantage group and George O'Leary, CEO, Futuremedia PLC
