Acendre has acquired Maryland-based ICS Learning Group, a provider of custom training solutions, learning content and e-learning software systems. No financial terms were disclosed. ICS learning Group was backed by Strattam Capital.
Arlington, VA and Pasadena, MD, May 20, 2019 – Acendre, a leader in secure, cloud-based talent management software for government agencies and companies operating in regulated industries, today announced the acquisition of ICS Learning Group. The combined solution will deliver to the regulated industry a powerful, secure end-to-end talent management solution.
ICS Learning Group delivers e-learning training solutions including Learning Management Systems (LMS) and custom courseware development to customers in the manufacturing, healthcare, financial services, pharmaceutical markets as well as for government sectors. Their flagship product, Asentia LMS, boasts a powerful workflow engine and has been carefully designed to seamlessly blend the most advanced eLearning technology with time-tested conventional training methods, all within a rich learning ecosystem that fosters collaboration and communication.
“We’re excited to be joining forces with Acendre to provide a learning management platform that will be tightly integrated with their Talent Management System to provide customers with the full-circle solution from hiring through onboarding to performance and training,” said Ed Gipple, CEO of ICS Learning Group. “The combined solution will allow Acendre customers to complete the path from sourcing to productivity and engagement in one secure platform.”
In complex regulated industries, customers need simple, streamlined solutions to ensure their hires are quickly productive and compliant. Many commercial, “out of the box” solutions don’t meet the needs of regulated industries, so customers end up in costly customization and integration projects. Acendre solves this challenge with a highly configurable, powerful SaaS solution that allows customers to quickly get up, running, and realizing the benefit.
“Acendre is dedicated to partnering with customers who have complex hiring and development processes that must be automated to compete for talent,” said Mike Giuffrida, CEO of Acendre. “This deal builds on that commitment by introducing an extremely high caliber learning management platform that shares that same commitment. Combined we can offer a truly powerful and unique talent management SaaS solution for the regulated industry market.”
The acquisition of ICS Learning Group comes five months after a majority equity investment by Strattam Capital in Acendre to accelerate growth and more quickly advance its innovative, easy- to-use Software as a Service (SaaS) talent management platform.
Acendre is a leading provider of highly-secure cloud-based talent management software that empowers organizations to enhance their workforces. The company’s innovative solutions provide data and insight that address the unique needs of organizations in regulated industries that require a high level of configurability to manage complex workflows and interoperability challenges. Acendre serves both public and private sectors, including government, education, healthcare, utilities and mining. To learn more about Acendre, visit Acendre.com.
About ICS Learning
ICS Learning Group, established in 1998, is a leading provider of custom training solutions, learning content, and e-learning software systems. The company, headquartered in Pasadena, Maryland, serves several markets including software, manufacturing, health care, financial services, pharmaceutical, and government sectors. With an emphasis and expertise in providing complete training solutions, ICS Learning delivers advanced Learning Management technology with courseware solutions that meet the critical needs of today’s workforce. To learn more, visit www.icslearninggroup.com.
About Strattam Capital
Strattam Capital is a private equity firm with an innovative and focused approach to scaling established business IT companies. Our team’s alignment and engagement practices are designed to deliver a better future for our companies. Strattam has offices in Austin and San Francisco. To learn more visit www.strattam.com.