{"id":107808,"date":"2024-01-30T08:00:05","date_gmt":"2024-01-30T13:00:05","guid":{"rendered":"https:\/\/trainingindustry.com\/?post_type=articles&#038;p=107808"},"modified":"2024-01-26T15:54:29","modified_gmt":"2024-01-26T20:54:29","slug":"ma-in-corporate-training-deals-of-the-fourth-quarter-of-2023","status":"publish","type":"articles","link":"https:\/\/trainingindustry.com\/articles\/learning-services-and-outsourcing\/ma-in-corporate-training-deals-of-the-fourth-quarter-of-2023\/","title":{"rendered":"M&#038;A in Corporate Training: Deals of the Fourth Quarter of 2023"},"author":27,"featured_media":107823,"template":"","tags":[1472,31391,29538,31392],"class_list":["post-107808","articles","type-articles","status-publish","has-post-thumbnail","hentry","tag-ma","tag-ma-in-corporate-training","tag-market-insights","tag-q4-of-2022","global_topic_tax-learning-services-and-outsourcing"],"acf":{"sponsored":false,"gated":false,"gated_content_type":"","file_attachment":null,"gated_content":"","form_instruction_header":"To access the full article, please fill out the form below:","pardot_html_embed":"","author_override":true,"author_name":"Sarah Gallo, CPTM ","author_image":98489,"author_bio":"Sarah Gallo, CPTM, is a senior editor at Training Industry, Inc., and co-host of\u00a0<a href=\"https:\/\/trainingindustry.com\/training-industry-podcast\/\" target=\"_blank\" rel=\"noopener\">The Business of Learning<\/a>, the Training Industry podcast.","excerpt":"The latest M&A in Corporate Training column explores the deals that took place in the market during the fourth quarter of 2022. ","main_content":"2023 was a busy year for the corporate training industry: Training providers rushed to adopt artificial intelligence (AI) capabilities into their existing offerings (and roll out new AI-powered solutions) in what some have deemed the <a href=\"https:\/\/trainingindustry.com\/articles\/learning-technologies\/the-ai-arms-race-is-your-organization-prepared-for-digital-acceleration\/\">\u201cAI arms race.\u201d<\/a> They were also busy developing solutions to meet ongoing business challenges, such as upskilling and reskilling solutions designed to bridge skills gaps and develop a future-ready workforce.\r\n\r\nThis year, <a href=\"https:\/\/trainingindustry.com\/articles\/strategy-alignment-and-planning\/trends-2024-ld-as-a-key-business-driver\/\">Training Industry predicts<\/a> that the training function will continue to be seen as a strategic business driver that will help propel organizations through change and into the future.\r\n\r\nWith 2024 in full swing, let\u2019s take a moment to pause and reflect on the deals that took place during the last quarter of 2023.\r\n\r\n<img class=\"alignnone size-full wp-image-107814\" src=\"https:\/\/trainingindustry.com\/content\/uploads\/2024\/01\/2023-Q4-Card-01.jpg\" alt=\"\" width=\"1920\" height=\"940\" \/>\r\n<h2>Learning Tech<\/h2>\r\nAlthough AI applications have spurred excitement into the learning technology market, we saw this market segment\u2019s value drop by 3% in 2023 compared to 2022, as organizations have grappled with inflation and an economic recession. That said, there were encouraging signs of growth in the fourth quarter of 2023.\r\n\r\nDeals in this segment of the market included:\r\n<ul>\r\n \t<li>360Learning, a global SaaS learning platform provider, <a href=\"https:\/\/trainingindustry.com\/press-release\/learning-technologies\/360learning-acquires-ai-powered-skills-platform-elamp-to-revolutionize-skills-based-learning\/\" target=\"_blank\" rel=\"noopener\">acquired<\/a> eLamp, an AI-powered skills platform.<\/li>\r\n \t<li>Bleeker Street Group (BSG), a global software holding company, <a href=\"https:\/\/trainingindustry.com\/press-release\/learning-technologies\/bleecker-street-group-expands-maritime-software-portfolio-with-acquisition-of-marine-learning-systems\/\" target=\"_blank\" rel=\"noopener\">announced<\/a> the acquisition of Marine Learning Systems, an eLearning technology and services provider.<\/li>\r\n \t<li>Virtual and augmented reality (VR\/AR) training provider iQ3Connect <a href=\"https:\/\/trainingindustry.com\/press-release\/learning-technologies\/vr-ar-training-and-collaboration-company-iq3connect-receives-seed-investment-from-nova-prime-fund\/\" target=\"_blank\" rel=\"noopener\">secured<\/a> a seed funding round from the NOVA Prime Fund, a venture capital fund created by LG Electronics. The transaction details were not disclosed.<\/li>\r\n<\/ul>\r\n<h2>Leadership Training<\/h2>\r\nIn the leadership training segment of the market:\r\n<ul>\r\n \t<li>Hyperdive Agile Leadership, an agile management solutions provider, acquired Scaled OKRs, a premier company in objective and key results (OKR) frameworks. In the <a href=\"https:\/\/trainingindustry.com\/press-release\/leadership\/hyperdrive-agile-leadership-acquires-scaled-okrs\/\">press release<\/a>, Stacey Louie, CEO of Hyperdrive Agile Leadership, states, \u201cThe acquisition of Scaled OKRs is a testament to our commitment to helping clients outperform their competition through superior agile practices and high-performing teams.\u201d<\/li>\r\n<\/ul>\r\n<img class=\"alignnone size-full wp-image-107813\" src=\"https:\/\/trainingindustry.com\/content\/uploads\/2024\/01\/2023-Q4-Card-05.jpg\" alt=\"\" width=\"1918\" height=\"608\" \/>\r\n<h2>Compliance<\/h2>\r\nThe compliance training segment of the market also saw some activity last quarter. It\u2019s worth noting that, although compliance training has a reputation of being purchased primarily off the shelf, compliance is one of the top subject areas in custom content development solutions.\r\n\r\nHere are the compliance training deals we took note of last quarter:\r\n<ul>\r\n \t<li>Safeware, Inc., a provider of protective equipment and solutions, <a href=\"https:\/\/trainingindustry.com\/press-release\/compliance\/safeware-announces-new-training-division-with-acquisition-of-hazard3\/\">acquired<\/a> Hazard3, an emergency response training provider.<\/li>\r\n \t<li>Traliant, a compliance training provider, <a href=\"https:\/\/trainingindustry.com\/press-release\/compliance\/traliant-acquires-kantola-training-solutions\/\" target=\"_blank\" rel=\"noopener\">announced<\/a> the acquisition of Kantola Training Solutions, a provider of harassment prevention and diversity, equity and inclusion (DEI) training and human resources (HR) compliance.<\/li>\r\n<\/ul>\r\n<h2>Learning Services<\/h2>\r\nIn the learning services segment of the market:\r\n<ul>\r\n \t<li>ttcInnovations, an L&amp;D staffing partner, <a href=\"https:\/\/trainingindustry.com\/press-release\/learning-services-and-outsourcing\/innovative-talent-expansion-ttcinnovations-acquires-dashe-and-thomson-to-enrich-client-offerings\/\" target=\"_blank\" rel=\"noopener\">announced<\/a> the acquisition of Dashe &amp; Thomson, Inc., a custom eLearning solutions provider.<\/li>\r\n<\/ul>\r\n<h2>Other Deals by Market Segment<\/h2>\r\n<strong>IT and Technical Training <\/strong>\r\n<ul>\r\n \t<li>Lumify Group, Australasia\u2019s largest provider of corporate ICT and digital skills training, <a href=\"https:\/\/trainingindustry.com\/press-release\/it-and-technical-training\/lumify-group-expands-its-portfolio-by-acquiring-city-desktop-training\/\">acquired<\/a> City Desktop Training, Australia\u2019s leading provider of instructor-led Adobe end user training.<\/li>\r\n<\/ul>\r\n<strong>DEI Training <\/strong>\r\n<ul>\r\n \t<li>Workplace Options (WPO), a provider of well-being and mental health solutions, announced the <a href=\"https:\/\/trainingindustry.com\/press-release\/diversity-equity-and-inclusion\/workplace-options-acquires-the-diversity-movement\/\" target=\"_blank\" rel=\"noopener\">acquisition<\/a> of The Diversity Movement (TDM), a training and consulting firm focused on diversity, equity and inclusion (DEI).<\/li>\r\n<\/ul>\r\n<strong>Workforce Development <\/strong>\r\n<ul>\r\n \t<li>Colibri Group, a professional education company that provides learning solutions to licensed professionals, <a href=\"https:\/\/trainingindustry.com\/press-release\/workforce-development\/colibri-group-announces-strategic-acquisition-of-trc-healthcare\/\" target=\"_blank\" rel=\"noopener\">acquired<\/a> TRC Healthcare, which offers a pharmacy product suite and continuing education offerings for health care professionals.<\/li>\r\n<\/ul>\r\n<strong>Content Development\u00a0<\/strong>\r\n<ul>\r\n \t<li>Freedom Learning Group and Ease Learning <a href=\"https:\/\/trainingindustry.com\/press-release\/content-development\/ease-learning-and-freedom-learning-group-announce-merger-position-for-growth\/\" target=\"_blank\" rel=\"noopener\">announced a strategic merger<\/a> of the two eLearning brands. \u201cOver the past several months, it became abundantly clear that we are mission-aligned with complementary services,\u201d said Ease Learning\u2019s Laurie Pulido in the press release. \u201cSeparately, we were headed in the same direction. Together we will go further, faster.\u201d<\/li>\r\n<\/ul>\r\n<img class=\"alignnone size-full wp-image-107812\" src=\"https:\/\/trainingindustry.com\/content\/uploads\/2024\/01\/2023-Q4-Card-04.jpg\" alt=\"\" width=\"1917\" height=\"599\" \/>\r\n\r\n<strong>Professional Development <\/strong>\r\n<ul>\r\n \t<li>Cognota announced the <a href=\"https:\/\/trainingindustry.com\/press-release\/professional-development\/cognota-acquires-learningoperations-com-and-launches-free-job-board\/\" target=\"_blank\" rel=\"noopener\">acquisition<\/a> of LearningOperations.com to support the launch of LearnOps 360\u2122, a free job board dedicated to L&amp;D professionals. The job board aims to connect talented individuals in the L&amp;D field with new career opportunities while continuing to support their growth and professional development through the LearnOps community.<\/li>\r\n<\/ul>\r\n<img class=\"alignnone size-full wp-image-107811\" src=\"https:\/\/trainingindustry.com\/content\/uploads\/2024\/01\/2023-Q4-Card-03.jpg\" alt=\"\" width=\"1920\" height=\"600\" \/>\r\n\r\n<strong>Performance Management <\/strong>\r\n<ul>\r\n \t<li>Workleap, an employee experience software company and learning management system (LMS) provider, <a href=\"https:\/\/trainingindustry.com\/press-release\/performance-management\/workleap-acquires-us-based-pingboard-an-employee-experience-saas-company-recognized-for-its-industry-leading-org-chart-and-employee-directory-capabilities\/\" target=\"_blank\" rel=\"noopener\">acquired<\/a> Pingboard, an HR tech SaaS company.<\/li>\r\n<\/ul>\r\n<em>What are your thoughts on the training market activity we saw last quarter? What market predictions do you have for this year? Email <\/em><a href=\"mailto:editor@trainingindustry.com\"><em>editor@trainingindustry.com<\/em><\/a><em> to let us know!<\/em>\r\n\r\n<img class=\"alignnone size-full wp-image-107810\" src=\"https:\/\/trainingindustry.com\/content\/uploads\/2024\/01\/2023-Q4-Card-02.jpg\" alt=\"\" width=\"1920\" height=\"940\" \/>","full_width":false,"content_band":[{"acf_fc_layout":"content_area","wysiwyg":"[hubspot type=\"form\" portal=\"47185625\" id=\"7e962f31-7bb4-497b-a425-af60588bd3a9\" version=\"v4\"]<script> $(document).ready(function() {iFrameResize({},'[data-form-id=\"7e962f31-7bb4-497b-a425-af60588bd3a9\"] iframe') }); <\/script>"}],"tice_sponsors":"","custom_dfp_keywords":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.8 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>M&amp;A in Corporate Training: Deals of the Fourth Quarter of 2023 - Training Industry<\/title>\n<meta name=\"description\" content=\"The latest M&amp;A in Corporate Training column explores the deals that took place in the market during the fourth quarter of 2022.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trainingindustry.com\/articles\/learning-services-and-outsourcing\/ma-in-corporate-training-deals-of-the-fourth-quarter-of-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"M&amp;A in Corporate Training: Deals of the Fourth Quarter of 2023\" \/>\n<meta property=\"og:description\" content=\"The latest M&amp;A in Corporate Training column explores the deals that took place in the market during the fourth quarter of 2022.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trainingindustry.com\/articles\/learning-services-and-outsourcing\/ma-in-corporate-training-deals-of-the-fourth-quarter-of-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"Training Industry\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TrainingIndustry\/\" \/>\n<meta property=\"og:image\" content=\"https:\/\/assets-staging.trainingindustry.com\/content\/uploads\/2024\/01\/1.30.24-MA-in-corporate-training-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"964\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@TrainingIndustr\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/trainingindustry.com\\\/articles\\\/learning-services-and-outsourcing\\\/ma-in-corporate-training-deals-of-the-fourth-quarter-of-2023\\\/\",\"url\":\"https:\\\/\\\/trainingindustry.com\\\/articles\\\/learning-services-and-outsourcing\\\/ma-in-corporate-training-deals-of-the-fourth-quarter-of-2023\\\/\",\"name\":\"M&A in Corporate Training: Deals of the Fourth Quarter of 2023 - 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