Prism facilitates sale of digital doyen to Finnish group
Cambridge technology M & A specialist Prism Corporate Broking has facilitated the sale of The Working Manager Limited, a Herts-based digital learning management platform provider, to Valamis Group Oy in Finland. Valamis is a learning experience platform provider.
TWM’s most recent platform, CareerBurst, was developed through a strategic partnership with Talent & Potential. It offers regularly updated and clear career guidance for employees as well giving management the tools to help support career conversations and progression.
CareerBurst and TWM’s learning platform technologies will be combined with Valamis’s own learning solution to offer businesses an end-to-end employee experience.
This will not only help employees develop and find career opportunities but also enable employers to reduce the high cost of employee turnover and staff shortages by upskilling staff and improving career mobility. The new enterprise will serve a diverse global client base and help over three million learners.
Phil Purver, CEO of TWM says: “We understand first-hand many of the challenges that our customers are facing. That helps us develop our software in line with those requirements but also gives us an understanding of the partnership that is required to address the rapidly changing needs of businesses.
“Valamis has a similar approach and company culture that will empower businesses across the UK and globally to build greater employee loyalty and, in the end – stronger businesses.”
Jussi Hurskainen, CEO of Valamis added: “The Working Manager’s technology, proven record of customer satisfaction, and most importantly their people, are a complete fit with Valamis’ longstanding values.
“Together, our technology, partnership approach, and authenticity will give the market a solution that puts people first and helps customers every step of the way succeed with their business initiatives.”
Prism Corporate Broking is an award-winning corporate finance and broking boutique that specialises in buying and selling technology businesses. The Prism team assisted TWM throughout the whole sale process, including identifying Valamis as a potential acquirer.