Learning Technologies helping talent shine through in a digital age
- Learning Technologies chairman predicts strong recovery in 2021
- Tech in Focus with Proactive's industry expert Richard Jeans
Quick facts: Learning Technologies Group PLC
Price: 215.2135 GBX
Market Cap: £1.69 billion
About the company
Learning Technologies Group plc is a market-leader in the fast-growing workplace digital learning and talent management market.
The company offers large organisations a new approach to learning and talent in a business world driven by digital transformation.
How it is doing
Learning Technologies Group PLC’s (LON:LTG) chairman is set to tell investors that the company is “confident of a strong recovery” in its content & services business in 2021 and that trading so far during the year has been in line with management expectations.
In remarks to be delivered at the digital learning specialist’s AGM on Wednesday, Andrew Brode said the company had “continued to make excellent progress” in 2020 by broadening its offering and addressable market significantly through several acquisitions.
Into 2021, Brode said the current year had “started well” and that aside from content & services, the firm is “encouraged” by the performance of its software & platforms business which he said had been “enhanced” by recent acquisitions where integrations are “well advanced and delivering ahead of expectations”.
Learning Technologies Group PLC (LON:LTG) said it expects a “strong recovery” in its content and services division as trading in 2021 began in line with expectations.
In an outlook statement accompanying results for the past calendar year, the digital learning and talent management specialist said it had seen “excellent momentum in sales in the past six months” which is expected to help boost its recovery.
Learning Technologies Group PLC (LON:LTG) said the acquisition of getBridge LLC and related assets (Bridge) has now completed.
The provider of services and technologies for digital learning and talent management announced last month it agreed to acquire Bridge for US$50mln (£36mln) from Instructure Inc using existing cash resources.
What management says
Proactive's tech analyst Richard Jeans explains what's been happening this week with UK tech stocks lagging the broader market as the focus has switched to commodities and value plays, eg, UK banks 'have had a great run this month'.
Jeans says Learning Technologies (LON:LTG) continues to trade near record highs. It has acquired a learning and talent development software provider for the mid-market, which complements its existing positions in the large enterprise and SME spaces. Among small caps, Blancco Technology (LON:BLTG) has edged higher after delivering a solid set of interim results.
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