Training Industry Magazine - September/October 2019 - 57

C O M PA N Y
N E W S

ACQU I S I T I O N SA N DPA RTN E R SHIPS
Steele Compliance Solutions, Inc., a
leading global provider of integrated
risk management solutions acquired
the premier provider of corporate
compliance and oversight solutions,
Osprey Compliance Software. The
acquisition of Osprey complements
Steele's robust product suite, providing
one of the most comprehensive
integrated risk management solutions
to the compliance industry.
eThink Education, a fully managed
e-learning solution provider, is partnering
with
OpenSesame,
an
industryleading content curator. Partnering
with OpenSesame will allow eThink
to add high-quality content to their
LMS offerings and provide a complete
e-learning solution capable of meeting

a variety of workplace
training needs.

L&D

and

CoAdvantage, one of the nation's top
professional employer organizations
(PEO) and provider of strategic human
resource (HR) solutions, will be acquired
by Aquiline Capital Partners, a private
equity firm investing in financial services
and technology. The acquisition will be
funded with investment funds managed
by Morgan Stanley Capital Partners.
Toast, the fastest-growing restaurant
management platform in the U.S., will
acquire StratEx, a leading provider of HR and
payroll software for restaurants. Acquiring
StratEx will enable Toast to better support
restaurants in simplifying HR, payroll and
talent management on their platform.

Thomson Reuters, a leading provider
of business information services, has
acquired HighQ, a leading collaboration
platform for the legal regulatory market.
With the acquisition, Thomson Reuters
will expand on its strategic objective
to provide more cloud-based software
offerings and meet a growing market
need for legal professionals.
BTS, a leading global strategy
implementation firm, will acquire Swiss
Virtual Business School, a provider of
high-impact digital learning solutions
for the modern corporate learner. With
this acquisition, BTS will be able to offer
clients a wider range of solutions and
become even competitive as an end-toend talent partner.

INDUST RYNE WS
PREDICTION ENGINE ENABLING
BUSINESS LEADERS TO SEE INTO
THE FUTURE

Culture Amp, the leading People & Culture
platform, unveiled the HR technology
industry's most advanced prediction
engine to forecast employee performance
and turnover risk. The new Foresight
Engine delivers recommendations to
organizations' decision-makers through
personalized dashboards with clear
actions for change.
INTELLIGENT ASSISTANT TO DELIVER
SEAMLESS, FULLY TRACKED LEARNING
IN THE FLOW OF WORK

Global leader in talent development
solutions, SumTotal Systems, announced
enhancements to its talent development
suite that deliver a seamless and enriched
experience for learners, administrators
and managers. The enhancements align
with SumTotal's goal to reimagine talent

development by providing advanced
universal content support, a world-class
mobile experience, superior career and
employee development functionality,
and exceptional extended enterprise
capabilities.
SKILLING TODAY'S YOUTH FOR THE
JOBS OF THE FUTURE

NIIT, a global leader in skills and talent
development, announced "Future Ready
Talent," an initiative to encourage aspiring
professionals to enhance their knowledge
through future ready programs. In the
month of July, NIIT conducted seminars
across 26 centres in India wherein
successful leaders from diverse fields
shared their experiences with youth,
making them aware of the importance of
new-age future ready careers.

MASTER'S PROGRAMS IN DATA SCIENCE,
ARTIFICIAL INTELLIGENCE FIELDS

Simplilearn, a global online training provider,
announced a collaboration with IBM
to introduce four master's programs in
artificial intelligence (AI) and data science.
This collaboration will allow professionals
to access live virtual classrooms and
self-paced video courses that combine
Simplilearn's seamless training experience
and world-class instructors with IBM's
state-of-the-art labs and course content.

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