Background

We invested in Bolt Learning as the first business in a new platform to create a major new player in the market which combines powerful learning technologies with creative content development providing services to SMEs and blue-chip customers across a range of sectors.

The second acquisition of Sponge builds on this foundation to create a broad-based blended learning group underpinned by market-leading learning technologies.

How we’ve helped

In May 2019, we invested in Bolt Learning, a Learning Management System and online training solutions provider that offers a range of services, including bespoke eLearning content creation through its inhouse developed ‘content editor’. Shortly afterwards we invested in Mercurytide, an IT and technology solutions provider closely associated with Bolt Learning, which adds resource and ongoing development support to the platform.

In November 2019, Aliter invested in Sponge, a bespoke eLearning content solutions designer which delivers globally across a range of platforms. As a leading European provider, Sponge covers customers throughout the UK, Europe and US and has translated their content into over 200 languages.

Strategy

Bringing together skills and resources from Bolt and Sponge is in line with our strategy to create a broad-based blended learning group underpinned by market-leading learning technologies.

Aliter will utilise established networks and expertise to support organic growth and growth through the acquisition of additional, complementary training businesses.

"The decision to have Aliter as our investment partner was an obvious choice. From the beginning, the team have been working closely with me to further develop our strategy and support new business opportunities. Aliter have an extensive network and I strongly believe that their expertise will help us take Bolt to the next stage of development.”

Tamlin Roberts, CEO, Bolt

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