Instructure is selling the corporate side of its learning management system business for $50 million. The buyer will be Learning Technologies Group plc (LTG), a UK company with multiple businesses that produce services and technologies for digital learning and talent management.
The Bridge software-as-a-service platform provides functionality for managing learning, performance and skills development. While the division generated $21 million for Instructure in the last fiscal year, it saw a loss of $1.3 million during the same period.
According to the companies, the acquisition will expand LTG’s offerings in the “mid-enterprise” market, alongside PeopleFluent, which serves large enterprises, and Breezy HR, which serves small and medium-sized businesses.
LTG noted that the integration of Bridge with its other portfolio offerings, including the recently acquired Reflektive engagement and analytics platform, would “create opportunities for cross-sell and upsell-led growth within the group.” LTG said Bridge would add a further 800 customers to its multiple businesses.