18 August 2020
LearningMate, provider of business to business ed-tech services has sold a majority stake to SPi Global, the content technology enterprise. SPi Global is owned by Partners Group, a global private markets investment management firm with over USD 96 billion in assets under management, on behalf of its clients.
Founded in 2003, LearningMate has today close to 1000 ed-tech professionals, across the globe. LearningMate is among the leading diversified digital enablement providers in the ed-tech space with a strong multi-geographic presence across 6 locations (New York, Phoenix, Mumbai, Kolkata, London, and Vancouver). For more information, visit LearningMate.
LearningMate leads with a ‘Services over Platform’ strategy in the K-12, Higher education and Corporate Training sectors. LearningMate’s best-in-class middleware technology platform provides clients with a cloud-based infrastructure that allows them to create, curate, enhance and deliver digital learning content to multiple delivery channels. LearningMate also supports its clients with digital content and curriculum services that focus on improving learning efficacy and reach. LearningMate’s platforms and solutions have benefited over 250 clients till date and touch millions of students and faculty every day across the globe.
The partnership will help both companies leverage complementary strengths and bring greater value to their customers. The ed-tech space is booming today and online learning is becoming the new normal especially in the light of the recent developments. LearningMate’s founding team and senior management will continue to remain invested in the company and successfully lead the organization to build value for the future.
“We are very pleased to join hands with the LearningMate team. Having known the organization and management for more than a decade, I have always considered LearningMate as one of the leading players in the ed-tech space. I am pleased to be part of the LearningMate board and look forward to working alongside Sam to create value in the Education markets” said SPi Global President and CEO Ratan Datta.
“We are excited with this new partnership and look forward to working closely with Partners Group and the SPi Global leadership to accelerate our growth and make a significant contribution to our education and training communities in these unprecedented times of rapid change that will need us to innovate more than ever before.” added Samudra Sen, Founder and CEO, LearningMate.