Prism Facilitate Sale of Digital Learning Management Platform Provider
We are delighted to announce that we have facilitated the sale of The Working Manager Limited (TWM), a digital learning management platform provider, to Valamis Group Oy (Valamis), a Finnish learning experience platform provider.
TWM is a highly regarded and accredited digital learning management platform provider. Their most recent platform, CareerBurst, was developed through a strategic partnership with Talent & Potential. It offers regularly updated and clear career guidance for employees, as well giving management the tools to help support career conversations and progression.
CareerBurst and TWM’s learning platform technologies will be combined with Valamis’s own learning solution to offer businesses an end-to-end employee experience. This will not only help employees develop and find career opportunities, but will also help employers reduce the high cost of employee turnover and staff shortages by upskilling their employees and improving career mobility. They will serve a diverse global client base and help over 3 million learners.
Phil Purver, CEO of TWM, says “We understand first-hand many of the challenges that our customers are facing. That helps us develop our software in line with those requirements but also gives us an understanding of the partnership that is required to address the rapidly changing needs of businesses. Valamis has a similar approach and company culture that will empower businesses across the U.K. and globally to build greater employee loyalty and, in the end – stronger businesses”
Jussi Hurskainen, CEO of Valamis, states “The Working Manager’s technology, proven record of customer satisfaction, and most importantly their people, are a complete fit with Valamis’ longstanding values. Together, our technology, partnership approach, and authenticity will give the market a solution that puts people first and helps customers every step of the way succeed with their business initiatives.”
The Prism team assisted TWM throughout the whole sale process, including identifying Valamis as a potential acquirer.
Peter Watson, Managing Director of Prism, says “We saw strong synergies between the two companies early on in our research and we were very pleased when Valamis responded to our approach. Despite COVID restrictions and without actually having met Phil Purver in person, which is a first for us, the sale went very smoothly. We are delighted to have been involved in the uniting of two great businesses.”
This video shows Phil Purver, CEO of TWM, and Jussi Hurskainen, CEO of Valamis, discussing the deal: