itslearning and Sanoma Group today announced that they have entered into an agreement in which Sanoma Group will acquire the majority share in itslearning. Sanoma Group is a leading European learning and media company headquartered in Helsinki, Finland.
itslearning will operate as a stand-alone company within the Sanoma Group which reported net sales of EUR 1.3 billion in 2018. Key personnel from itslearning will remain as minority shareholders in the company following this acquisition.
Sanoma has operations in six European countries and more than 4,000 employees. The group has had a long and successful history in the education industry through Sanoma Learning, a strategic business unit (SBU) which provides multi-channel learning solutions for the education market. itslearning will be reported as part of Sanoma Learning SBU.
“itslearning is an excellent addition to our digital learning platform business. The acquisition expands our footprint in digital learning into several European countries and extends our position in several core markets. We will enhance their business as a stand-alone company and work together to evaluate the strategy going forward,” says Susan Duinhoven, President and CEO of Sanoma.
Together itslearning and Sanoma will serve 15 million students in Europe alone.
About itslearning
We make a learning platform that’s designed for teachers. Since 1999, we’ve built technology that elevates teaching and helps students realize their potential. We work closely with educators to understand their needs and we take pride in being their partner. We feel that passion, competence, and reliability are the keys to success. Based in Bergen, Norway and Boston, MA, we serve millions of people around the world.
About Sanoma
Sanoma is a front running learning and media company impacting the lives of millions every day. We enable teachers to excel at developing the talents of every child, provide consumers with engaging content, and offer unique marketing solutions to business partners. With operations in Finland, the Netherlands, Poland, Belgium, Sweden and Spain, our net sales totaled EUR 1.3 billion and we employed more than 4,400 professionals in 2018. Sanoma shares are listed on Nasdaq Helsinki. More information is available at www.sanoma.com
For more information please contact:
[email protected]
Recent Posts
- Becki Lee of Hopwood Hall College awarded “UK Teaching Oscar” for Digital Innovator of the Year
The Pearson National Teaching Awards are known as the ‘Oscars’ of the teaching profession. They are the UK’s most […]
- Keeping familiarity and structure during remote learning
Amy Ong, Maths Teacher and VLE Administrator May 12, 2020 St Paul’s Catholic School based in Milton Keynes has been … The […]
- Release Notes: May 2020
The post Release Notes: May 2020 appeared first on itslearning - United Kingdom.
- Shifting from eLearning to Remote Learning
Becki Lee, Head of Quality Improvement and eLearning April 30, 2020 Hopwood Hall Further Education College has been using […]
- Increasing Communication During Remote Learning
St. Bartholomew’s, a Church of England Primary School based in Loughborough have been using the platform for several years, the […]
- Continued efforts to boost platform capacity for itslearning users
Monday 16th of March we registered a new record number of concurrent users logged onto itslearning, with twice as many … The […]
