Learning Technologies Group PLC's (LON:LTG) Jonathan Satchell talks to Proactive London's Katie Pilbeam about their announcement to acquire privately-owned eThink Education for an initial cash consideration of US$20mln.
Satchell says 'we now have a $30mln plus revenue business' in this $200mln market which is growing fast. He predicts they will continue to grow into the 'mid teens' organically.
eThink is a North American company operating in the high-growth open-source learning management systems (LMS) market.
Satchell says to expect more acquisitions towards the latter part of next year and news on a 'very large contract with the Royal Navy'.