ThirdForce EGM approves $18 million acquisition of US corporation MindLeaders

No se puede mostrar la imagen “” porque contiene errores.El miércoles 23 de mayo de 2007ThirdForce enters US market with acquisition of Mindleaders. .. in a deal worth $18 million. anunciamos la adquisición de MindLeaders por ThirdForce, el lunes se confirmó por el EGM …aquí tenéis la noticia en la web de ThirdForce

DUBLIN, Monday 18th June, 2007: The major e-learning provider ThirdForce plc received full EGM approval today for the $18 million acquisition of Ohio-based MindLeaders Corporation in the United States. Through this development, ThirdForce will target further strategic business growth across North America as the group pursues its objective to become a global player in e-learning. The USA is considered to be the world’s largest e-learning market followed by the UK where ThirdForce also has significant operations.

With complementary e-learning products and leading clients, the combined businesses will provide mutual access to new market development opportunities with annual revenues of over €30 million, based on historic 2006 results. The acquisition will be completed in a cash and share deal following a successful fund-raising.

The fund-raising was over-subscribed and the company decided to increase the value of new shares issued from the original range of €10 – €13 million to a total of €15 million.

ThirdForce is already a major e-learning provider to governments, schools, colleges and commercial organisations in the UK, Ireland, the Middle East and Australia. MindLeaders is a long established and well known brand in the USA with a 25 year track record in personalised learning, offering 2,000 e-learning courses to approximately 850 organisations.

CEO Brendan O'Sullivan Fourth acquisition

CEO Brendan O’Sullivan
Fourth acquisition
También tenéis la noticia en RTe business

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Fuente: [Third Force]

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