BELLEVUE, Wash., Nov. 21 /PRNewswire/ -- Corum Group Ltd. today announced
the acquisition of its client, VTN Technologies, Inc., an Alberta-based
software-based training innovation firm known for its Ole(TM) Online Learning
Environment, by SilkRoad Technology, Inc., a N.C.-based leading provider of
talent management solutions.
'The complementary nature and tremendous synergies between SilkRoad and
VTN was evident right from the very first meeting,' said Marshall Warwaruk,
vice president of Corum. 'Both organizations recognized the growing demand for
a fully integrated 'talent management solution' especially with the
convergence of e-Learning and HR Performance Management. Moreover, the
business fit was remarkable: they both addressed critical talent management
and e-learning needs in the enterprise market, delivered functionally-rich,
complementary Web-based solutions, pursued the same target customers and
offered a very attractive value proposition under a SaaS business model.'
VTN's Ole is a Web-based learning environment with more than 400,000
subscribed users across world-class client organizations including DirecTV and
Rockwell Collins. Ole reduces training costs by automating learning
development and management processes. The popular online learning environment
product will be integrated into SilkRoad's Life Suite under the new brand name
GreenLight(TM).
About VTN Technologies
VTN is a dynamic software company leading the way in technology-based
training innovation. VTN's LMS/LCMS product Ole(TM), Online Learning
Environment, gives organizations an easy-to-use, cost-effective, robust
learning platform that delivers on the promise of reduced training costs and
increased learning effectiveness. VTN, through Ole(TM), has automated the
learning development and management processes, and enabled blended learning
strategies that work. Ole(TM) is built using the latest XML and MS.NET(R)
technology and is SCORM certified.
About SilkRoad Technology
SilkRoad Technology, Inc. provides software-as-a-service (SaaS) solutions
that significantly improve the talent within its more than 800 customers
across the globe. Through SilkRoad's Life Suite(TM), an integrated talent
management solution, companies are able to hire better employees, identify
high and low performers, drive a pay-for-performance culture and improve
employee tenure. The SilkRoad Life Suite includes OpenHire(TM) for recruiting
management, RedCarpet(TM) for employee onboarding and life events,
WingSpan(TM) for flexible employee performance management, GreenLight(TM) for
organizational learning, and Eprise(TM) for employee intranets and content
management.
About Corum Group
Corum Group Ltd. is the global leader in merger and acquisition services,
specializing in serving software and information technology companies
worldwide. For nearly 25 years and with offices in eight countries, Corum has
completed over US $6 billion in transactions spanning six continents. Corum
also educates the industry with its conferences and publishes the most widely
distributed software M&A research. Corum's principals are highly experienced
former tech CEOs, who are supported by the industry's leading researchers,
writers and valuators. The company has spent more than US $20 million to build
the world's largest and most comprehensive buyer database. This knowledge base
combined with Corum's experience and industry expertise, consistently ensures
unequaled success in client engagements. For more information, visit
http://www.corumgroup.com.
SOURCE Corum Group Ltd.
