Disposal
28 April 2010
Intellego Holdings plc
(“Intellego” or the “Company”)
The Directors of Intellego are delighted to announce that they have sold the UK distribution rights for the EKP range of Learning Management software back to NetDimensions Limited. This includes the business and assets including the goodwill and customer list. Intellego will continue as an affiliate of NetDimensions and will receive commissions on the sale of its products
These changes will allow both Intellego and NetDimensions to concentrate on their strategic objectives.
Intellego is focussed on the provision of performance enhancing solutions through training – it will increasingly sell services and proportionately less of the growth will be achieved through distributing software.
NetDimensions set up its own direct salesforce in the UK in 2007, the acquisition of Intellego’s customers increases critical mass in one of Europe’s most important markets. Further it gives NetDimensions direct and better access to their end-users in the UK.
As an affiliate of NetDimensions Intellego will continue to sell EKP or introduce EKP sales leads to NetDimensions but be much less involved in the sale and technical implementation and after-sale processes.
The value of the sale is £464,000 with £276,000 being payable on completion to be offset against the balance owing to NetDimensions and performance based payments of up to £94,000 on the next two anniversaries of the sale. For the year ended 31 March 2010, Intellego achieved revenues of £451,000 from the business being sold.
Angus Forrest, chairman of Intellego, commented “We have enjoyed working with NetDimensions for the past six years but believe this sale and change in relationship will be good for both parties enabling each to concentrate on their core strengths to attain their strategic objectives. We will be focused on the use of the software platform that is the content, services and providing performance enhancement through training in our chosen market verticals (healthcare, retail and financial services) and building a profile of excellence in these markets.”
Jay Shaw, CEO of NetDimensions, said “This deal will give us direct and better access to our end-users in the UK and will have a positive impact on margins. Furthermore this acquisition will increase our UK profile and provide us with a better staffed operating entity in the UK to drive and support local sales.”
For further information:
Intellego Holdings plc
Angus Forrest
Tel: 0845 058 3960
Intellego shortlisted for prestigious e-learning award
8-Sep-2009 » Training Press Releases »
Intellego, a leading e-learning courseware and infrastructure solutions company to the healthcare, retail and financial services sectors is delighted to have been short-listed by the E-Learning Age awards panel in the category of 'Excellence in the production of learning content - Private sector'.
Underscoring Intellego's reputation for e-learning course development that marries creative excellence with industry-sector domain expertise, Andy Green, Managing Director commented:
"We're extremely pleased to have been short-listed for this prestigious award given the number of entries. Our development teams across Teddington and Newcastle strive to deliver to our clients, programmes that really engage learners whilst at the same time imparting deep industry-relevant knowledge. We're pleased that this hard work has been recognised".
Learn more about the E-Learning Age Award
About Intellego
Listed on the Alternative Investment Market (AIM) in London, Intellego is a publisher and developer of creative and innovative elearning-based solutions that heighten performance, ensure compliance and improve financial return.
With extensive experience and a deep understanding of the challenges faced by the Retail, Financial Services & Pharmaceutical Life Science industries, we have a loyal client base of over 250 loyal customers who are located globally, including AstraZeneca, Schering-Plough, Sanofi-Aventis, Boots, B&Q, and Specsavers who continue to benefit from our integrated "courseware with infrastructure" model of e-learning solutions provision.
To find out how Intellego could help your organisation with it's next learning project please contact us by email at info@intellego.co.uk, by phone on 44 (0)845 058 3960 44 (0)845 058 3960 44 (0)845 058 3960 44 (0)845 058 3960 or visit www.intellego.co.uk
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