SAP introduced at the moment that it has reached an settlement to promote the Litmos enterprise to Francisco Companions and full the transition of Litmos to an impartial firm in December 2022.
Since its launch over 20 years in the past, Francisco Companions has invested in over 400 know-how corporations, making it some of the energetic and longstanding traders within the know-how {industry}. Francisco Companions has in depth expertise within the schooling and human capital know-how house and its investments have centered on corporations that present the very best merchandise for its clients, companions, and managers.
We all know that is very massive information, and we’ve numerous sources in place to help you thru the transition. We’re assured that that is the start of an thrilling new chapter for Litmos and our journey collectively.
Why is Litmos being bought?
Buyer success has at all times been the highest precedence for Litmos and for SAP. To realize this, SAP frequently critiques its options portfolio to make sure sources and investments are optimized to make sure continued development and innovation and the continued success of our clients.
We’re very happy with the market-leading studying administration system (LMS) and eLearning content material library that we’ve constructed over these a few years of success. Nonetheless, a lot of the Litmos worth proposition and platform functionalities overlap with a few of SAP’s present options.
Francisco Companions gives the perfect mixture of capital funding for development, strategic and operational advisors, alignment with our strategic path, and was the perfect cultural match for our workers, clients, and companions. This transition will present the funding, focus, and development to ship much more worth for our clients.Â
From a product perspective, we’ll drive extra funding into product improvements, together with in our industry-leading Content material Authoring device and different key options that may add intelligence and deeper analytics to our platform. We’ll proceed to concentrate on delivering superior inside worker coaching in addition to coaching in your prolonged enterprise (clients, companions, franchises, and so forth.) and need to spend money on rising our library of off-the-shelf studying content material. And naturally, we’ll proceed to keep up the ease-of-use, quick and versatile customization, and fast time-to-value that has made Litmos a pacesetter.
What’s occurring subsequent?
Even with this modification, you’ll proceed to keep up the Litmos relationships you have already got. No adjustments to enterprise as of now, and you’ll be listening to out of your buyer representatives quickly.
Please contact your Buyer Crew if in case you have questions. You can even e-mail clients@litmos.com and we’ll join again with you. Additionally, look for more information to return within the subsequent days and weeks. We’re excited to climb to even higher heights collectively!