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Futuremedia Completes Acquisition of Open Training

 

15.02.05

Futuremedia Completes Acquisition of Open Training

Futuremedia plc, a leading European e-learning services provider, announced today that it has completed the acquisition of Open Training, a leading provider of e-learning services in Sweden, for $2 million in cash and stock, in addition to an earn-out provision subject to performance targets and the issuance of a minimum of 300,000 options to Open Training's employees. Open Training generated approximately $2 million in revenues in 2004. The Company is profitable and has no debt.
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Category: e-learning news

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