Eukleia was established in 2005 and has a leading reputation in the learning marketplace as a provider of training in Governance, Risk and Compliance (GRC) for international banking and finance institutions. It offers its clients bespoke elearning, generic elearning courses, instructor-led training, translation of training materials and its own learning management system. Eukleia’s clients include HSBC, Barclays, TD Bank, Deutsche Bank and the London Stock Exchange.
The acquisition significantly expands LTG’s scale and client base.
Jonathan Satchell, CEO of LTG, commented:
“This acquisition fulfils our ambition to augment the Group with companies that are experts and leaders in their chosen field. Eukleia has grown rapidly in the GRC market and is well placed to benefit from the growth in this market and the internationalisation of its client base.”
The Directors of LTG believe that the acquisition of Eukleia brings with it significant strategic benefit to the Group, including a presence in a substantial and growing market for GRC, a new suite of products to offer through LTG’s US sales presence and a platform from which to grow more repeatable revenues and to expand into adjacent financial services sectors.
As well as LEO Learning, Eukleia joins the multi-device elearning authoring tool gomo and Preloaded, the Games with Purpose pioneers, as part of the LTG portfolio. Eukleia is expected to take advantage of LTG’s international presence to access other GRC markets, in particular, those in the US. The founders and the senior management will remain with the business.
For full details of the acquisition, please read the full RNS.