SAN FRANCISCO – December [1], 2022 – Francisco Companions (“FP”), a number one world funding agency that focuses on partnering with expertise companies, in the present day introduced the completion of the acquisition of Litmos (the “Firm”) from SAP.
Litmos is a web-based coaching platform that makes the administration and supply of net and cellular coaching programs straightforward for worker coaching, buyer coaching, companion coaching, and extra. The corporate is among the quickest rising studying expertise suppliers on the earth, supporting greater than 30 million folks in 150 nations, throughout 35 languages.
In reference to the re-launch of Litmos as an unbiased firm, Mike Scarbrough will likely be becoming a member of the Firm as CEO. Mike has over 30 years {of professional} expertise in software program and expertise. He most not too long ago served as CEO of SalesVista, a gross sales compensation software program firm. Previous to SalesVista, Mike served as CEO of Nextech, a healthcare expertise firm, and beforehand as CEO of NexTraq, a fleet administration software program firm. Mike has a demonstrated monitor document of driving product innovation and delivering sturdy worth to prospects.
“Since becoming a member of Litmos, I’ve been extraordinarily impressed with the staff, its customer-centric strategy, and its dedication to innovation. In my new position, I promise to embody the spirit of Litmos and ship prospects, companions, and workers a best-in-class expertise,” mentioned Mike Scarbrough, CEO of Litmos. “Working with the present Litmos staff and partnering with FP empowers us to concentrate on buyer success and improve buyer happiness.”
“We’re delighted to companion with Litmos and assist its re-emergence as an unbiased firm,” mentioned Jason Brein and Christine Wang, Companions at Francisco Companions. “We’re investing in Litmos to speed up development by investing in and increasing the Litmos staff, advancing product growth and advertising and marketing, and increasing buyer success.”
Kirkland & Ellis LLP served as authorized advisor to Francisco Companions.
About Francisco Companions
Francisco Companions is a number one world funding agency that focuses on partnering with expertise and technology-enabled companies. Since its launch over 20 years in the past, Francisco Companions has invested in over 400 expertise firms, making it one of the crucial lively and longstanding buyers within the expertise trade. With roughly $45 billion in capital raised up to now, the agency invests in alternatives the place its deep sectoral information and operational experience will help firms understand their full potential. For extra info on Francisco Companions, please go to www.franciscopartners.com.
About Litmos
Litmos develops eLearning options for top-performing firms. A longtime chief available in the market since 2007, Litmos gives the world’s easiest-to-use LMS and a complete course library. 1000’s of firms belief the options to create, curate, and join studying content material to workers, prospects, and companions.
Acquired by CallidusCloud in 2011, then by SAP in 2018, and by Francisco Companions in 2022, Litmos continues to innovate award-winning studying expertise and set the usual for buyer expertise and satisfaction. The options are utilized by greater than 30 million folks in 150 nations, throughout 35 languages.
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