Utah-based learning solutions company, eLearning Brothers (eLB), has announced a £54 million investment from RLG Capital and Trinity Investors. ELB provides a suite of integrated learning development tools such as a virtual reality course builder, an extensive library of eLearning templates, games, courses and much more. With high profile corporate clients such as Microsoft, PayPal and Proctor & Gamble, to name a few, the latest investments have made it possible for eLB to acquire Rehearsal; a video-based practice and coaching platform, and Origin Learning; a holistic learning system.
Speaking on what the recent acquisitions mean for eLB, Andrew Scivally, co-founder and CEO for eLearning Brothers, commented:
“I love the uniqueness of the Rehearsal tool and the way it drives true behavior change and skill development.”
Furthermore, in regards to Origin Learning, Andrew stated:
“Origin Learning brings a depth of experience that complements our existing products and services perfectly. With the additional headcount and skills that Origin brings, we’re excited to expand into new markets and help more organizations create better learning experiences.”
Based in Reno, Nevada, Rehearsal Learning is in close proximity to eLearning Brother’s founding city of American Fork, Utah. Interestingly, Origin Learning is based out of Chennai, India. Perhaps this is the next big market on the list of expansion for eLB.
Having raised $54 million so far, eLearning Brothers (eLB) is looking for further acquisitions in a bid to maintain its standing as a leader in the corporate learning industry. What’s more, these recent investments have enabled eLB to recapitalise its debt structure with Prudential’s PGIM Private Capital. PGIM has replaced all previous debt providers with the Prudential relationship to become the sole debtholder for eLB. This provides eLB with $100 million credit for any future investments and acquisitions.
So what’s the future objective for eLearning Brothers?
The recent pandemic has provided opportunities for eLB to shift focus to more remote working, enabling 100s of employees from across the world to join the team. The firm now has nearly 500 employees and the combined expertise from Rehearsal and Origin Learning. eLB will look to expand into new markets and help organisations of all sizes reach their learning and development goals. ELearning Brothers is positioning the company to be the leader in learning development software, creating an all-encompassing, one-stop integrated learning platform.
Enterprise Times: What does this mean?
The integration of Rehearsal and Origin Learning brings a wealth of software and development tools to eLB’s learning platform. Rehearsal brings video-based VR and AI technology, enabling users to practise skills, submit videos and receive direct feedback. While, Origin Learning brings 60 years worth of collective experience in holistic learning exercises, engagement models, UX design and cross-industry knowledge.
With the recent acquisitions earlier this month and the announcement of further acquisitions to come, this looks like this is just the beginning for eLB. The global pandemic has done nothing to slow down the expansion of eLB, with the company completing five acquisitions and increasing headcount over three-fold in the past two years alone. The company’s objective to become a one-stop integrated learning platform is certainly looking promising.
