Altitude Learning, a San Francisco-based developer of educational software (formerly known as AltSchool), has acquired the US business of itslearning AS, a Norway-based learning management system provider.
itslearning will sell its shares in itslearning Inc (US) and transfer all US-staff to Altitude Learning. The new organisational structure unites the two US-businesses and establishes a partnership for continuous distribution of the itslearning platform in the US.
This publication last February revealed that shareholders in itslearning had appointed bankers from Houlihan Lokey to explore options around a sale.
Steve Tucker, chief executive of itslearning, said: “I am excited to be partnering with Altitude Learning; the synergy between our two businesses will enable us to provide a range of enhanced services to our valued clients in North America. As the leading LMS in Europe, itslearning has seen tremendous growth this year across our European operations and this deal will further ensure that we are able to focus and invest in these core markets.”
Ben Kornell, chief exeutive of Altitude Learning, added: “The partnership between itslearning and Altitude Learning enables us to even better support diverse partners’ needs. Bringing these organisations together empowers our efforts to create more learner-centered experiences, and we are excited about the potential of this growing community to be the leading edge of learner-centered education in the United States.”
This new partnership will not change the contractual obligations for itslearning’s current clients. itslearning AS will continue to host and maintain services for existing US customers.
Date published: 7 October 2020