Aliter Capital bolsters its digital learning platform with investment in Skill Pill
The addition of Skill Pill to Aliter’s existing portfolio companies, Sponge and Bolt, further strengthens the newly enlarged group’s credentials as a market leading full-service digital learning business.
Aliter Capital has announced the completion of its investment in Skill Pill, a digital microlearning specialist, which produces high-quality video, animation, and gamified eLearning content with a particular strength in business performance support, leadership, management, sales and personal effectiveness training. Skill Pill has a library of 500 modules and serves over 1 million learners in over 168 countries with customers such as the BBC, Fujitsu, John Lewis/Waitrose, Save the Children, and the NHS. Its learning is based on globally recognised methodologies published by leading organisations such as Pearson and the Financial Times.
Skill Pill’s microlearning content and blue-chip customer base is highly complementary to Aliter’s existing digital learning group, which includes Sponge and Bolt, brought together by Aliter in 2019 with the vision of creating a major new force in the growing learning technologies market. Together as one group, Sponge and Bolt have evolved under Aliter’s direction and are continuing to perform exceptionally well against a difficult economic backdrop.
Gerry Griffin, Founder and Managing Director of Skill Pill said: “We are excited at the prospect of working with Aliter and becoming part of a group with Sponge, allowing us direct access to award-winning bespoke content and expanding Skill Pill’s range further to create a dominant offer in quality, international digital learning.”
Billy Allan, Chairman of Sponge and Managing Partner of Aliter said: “We are very pleased with the progress that has been made on the strategic plan for our existing group. The addition of Skill Pill will significantly add to the subscription-based ‘off-the-shelf’ content sales and further strengthen our customer base, including new blue-chip corporate and channel partner relationships.”
About Skill Pill (www.skillpill.com)
Founded by Gerry Griffin in 2015, Skill Pill focuses on corporate learning and business skills through advanced microlearning content with an adaptive algorithm technology so each module has a 14 point ‘fingerprint’ allowing the system to match the pattern of the learner and along with recommendations. Its learning library of 500 modules, available in 20+ languages, specialises in business performance support: leadership, management, sales and personal effectiveness. Skill Pill has established over 100 high profile loyal customers over the years through their growing content and advanced learning technology.
About Sponge (www.wearesponge.com)
Sponge was founded in 2004 by Louise Pasterfield. A leading custom digital learning provider, Sponge training solutions solve multiple business challenges, from risk and compliance to business transformation, people development and skills enhancement. The company works with global brands across multiple sectors and industries including pharmaceutical, retail, manufacturing, finance, professional services and FMCG. Recognised as a market leader, Sponge was named Learning Provider of the Year at 2019 LPI Learning Awards and won silver for Company of the Year at the 2018 Learning Technologies Awards.
Aliter Capital LLP is a specialist UK support services investor which announced the close of its specialist support services fund (Aliter Capital I, LP) in February 2017.
Aliter was founded by a group of seasoned support services entrepreneurs and investors – Billy Allan, Greig Brown, Andy Galloway and Andrew Busby – and focuses on small and mid-sized businesses in the UK support services sector, a market valued at over £300 billion. Its approach differs from traditional private equity models by making only a limited number of selective portfolio investments to deliver dedicated hands-on support. Aliter has now closed a total of 17 transactions since the beginning of 2017.