Global Learning, a Cary, N.C.-based provider of IT and business training, has agreed to acquire Nexient Learning, a Canadian corporate training and talent development company. Global Learning is a portfolio company of Welsh, Carson, Anderson & Stowe.
Nexient Learning Inc. announced today it has entered into an agreement through which Global Knowledge will purchase certain assets and operations of Nexient Learning, subject to court approval. This completes the marketing and sale process Nexient initiated on June 26 with the filing of CCAA protection and enables Nexient’s business to continue without disruption. Financial terms of the transaction were not disclosed.
“Nexient is delighted to join forces with Global Knowledge to offer our clients an expanded learning portfolio and to deliver our learning products in the international marketplace. Global Knowledge’s international reputation as a leader in the training industry as well as their management and financial
strength will provide the needed support to secure our position as market leader in Canada,” said Nexient’s President and Chief Executive Officer, Donna de Winter. “We look forward to becoming a part of the Global Knowledge team.”
“We view the Canadian training marketplace as having significant growth potential and the chance to acquire Nexient’s operations presented a rare opportunity to expand in this important market,” Brian Branson, CEO and President of Global Knowledge said. “We are excited to let the customers of both companies know that they will not only experience the same great service they’ve been receiving from Nexient and Global Knowledge, but that our combined learning portfolios of technical and soft skills will address an even wider array of their talent management needs.”
The business will continue to operate under the Nexient brand for an undetermined period.
About Nexient Learning Inc.
Nexient Learning Inc. is the largest corporate training and talent development company in Canada. Nexient delivers the broadest choice of top calibre, industry-recognized curricula in information technology, business process improvement and leadership business solutions. With 12 locations across Canada, Nexient offers innovative learning solutions in both classroom and online formats. Nexient is traded on the NEX as “NXL.H”. More information is available on the company’s website at www.nexientlearning.com.
About Global Knowledge
Global Knowledge is the worldwide leader in IT and business training. Global Knowledge delivers via training centers, private facilities, and the Internet, enabling its customers to choose when, where, and how they want to receive training programs and learning services. The company’s more than 700 courses span foundational and specialized training and certifications. Founded in 1995, Global Knowledge employs more than 1,200 people worldwide and is headquartered in Cary, N.C. The company is owned by New York-based investment firm Welsh, Carson, Anderson, and Stowe. More information is available on the company’s website www.globalknowledge.com.