Latest News
Francisco Partners to Acquire Learning Management System Specialist Litmos from SAP
Thursday 18 August 2022

US-based investment firm Francisco Partners has signed a definitive agreement with German software company SAP SE's (NYSE: SAP) SAP America Inc. business under which Francisco Partners will acquire SAP Litmos (Litmos) from SAP, the firm said.

Litmos is in the learning management system market. FP is a global investment firm that specializes in partnering with technology businesses.

SAP America Inc. is a wholly owned subsidiary of SAP SE.

The transaction is expected to close in 4Q22 and is subject to customary regulatory clearances. Financial terms of the transaction were not disclosed.

Since its launch over 20 years ago, Francisco Partners has invested in over 400 technology companies, making it one of the most active and long-standing investors in the technology industry.

The current Litmos leadership team will continue in similar roles in the new stand-alone company, serving existing customers, such as corporations, OEMs and technology partners.

SAP Litmos develops eLearning solutions for top-performing companies. An established player in the market since 2007, SAP Litmos offers a LMS SAP Litmos Training and a course library SAP Litmos Training Content.

The firm was acquired by CallidusCloud in 2011, then by SAP in 2018, and now Francisco Partners in 2022. SAP Litmos solutions are used by more than 30m people in 150 countries, across 35 languages.
Details
Date Published: 18/08/2022

Options