LTG Divests VectorVMS for $50 Million

Learning Technologies (GB:LTG) has released an update.

Learning Technologies Group plc has sold its VectorVMS business to the PIXID Group for $50 million, a move in line with LTG’s strategy to concentrate on learning and talent development sectors. VectorVMS, a vendor management platform for contingent labor, was initially acquired in 2018 and generated $11.4 million in revenue for 2023. The transaction is set to be finalized in July 2024, and the proceeds’ allocation will be determined by LTG’s Board of Directors.

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