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Learning Technologies Group is The Assignment Report’s UK Education Industry Company of the Year 2015

publication date: Jan 1, 2016

The corporate learning and development market is large, dynamic and fragmented. Within this market, the eLearning segment comprises a mix of system providers, content providers and consultants, helping businesses to appraise their learning needs and to specify and provide solutions to meet them. Learning Technologies Group’s (LTG) mission is to consolidate this fast-growing learning technologies sector in the coming years by building on the success of its existing ventures, and through strategic acquisitions and diversification, with the objective of building a global eLearning business of scale with annual revenue of £50m. 2015 has seen LTG take another significant step towards achieving this objective.

LTG was formed by the reverse takeover of AIM listed In-Deed Online in November 2013 by Epic Group, the Brighton-based eLearning company owned by Andrew Brode, Chair, and Jonathan Satchell, CEO – a highly experienced leadership team in the learning technologies sector. Since listing on AIM, LTG has acquired Line Communications (in April 2014), a designer of blended learning solutions, for £9.0m, Preloaded, (in May 2014), a creator of learning games, for an initial consideration of £2.2m and Eukleia (in July 2015), a provider of eLearning to the financial services sector, for an initial consideration of £7.5m. Following the acquisition of LINE, LTG merged the company with its Epic business to create LEO, the UK market leader in eLearning. LTG now employs over 250 people in offices in the UK and internationally in Rio de Janeiro, New York and Zurich.

Acquisitions and organic growth have contributed to LTG’s rapid growth. For the year ended 31 December 2014, the company posted an adjusted EBITDA of £2.1m (2013: £1.5m), on revenue up 97% to £14.9m (2013: £7.6m). And for the first six months of 2015. LTG delivered an EBITDA of £1.3m (2014: £0.9m), on revenue up 29% to £8.4m (2014: £6.5m). The company expects to deliver further profitable growth in the second half of 2015.

And to cap a successful year, LTG announced in December 2015 that its learning solutions business, LEO, in partnership with KPMG, has been awarded a three year contract to provide learning and development services for the entire UK Civil Service. According to LTG, the contract will be a transformational deal for the company and is the most significant contract LTG has ever won. The news of the contract win also buoyed LTG’s share price, which finished the year up 47.6% at 30.25p.

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