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Learning Tech CEO expects more acquisitions after recent deals

Learning Technologies Group (LON:LTG) chief executive Jonathan Satchell told Proactive he could “pretty much guarantee” there will be more acquisitions to come, after the firm spent US$30mln on Friday.

The firm is to acquire Rustici Software LLC, a software specialist, for US$26mln and has agreed to invest US$3mln for a 30% stake in analytics specialist Watershed Systems.

“Buy and build is an essential part of where we are taking this business, but be under no illusion it’s nothing without a very strong underpinning of underlying growth,” he said.

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