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By Dian Schaffhauser
02/23/21
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. ....

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