The Access Group announced the acquisition of Abintegro Limited, a privately-owned London headquartered company known for its career development and digital learning technologies. The Abintegro platform has 500,000 users primarily across the UK, Australia and New Zealand; enabling academic institutions and employers to make a measurable impact on the career development of their students and people, and HR services consultancies to support people who are returning to the workforce or seeking a new career path.
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@TheAccessGroup has acquired @Abintegro, the UK-based career development and digital learning tech firm with 500k users across UK, Eire, AU and NZ #MandA #HCM #HR #edtech #elearning
Abintegro will join the Access People division adding to the breadth and depth of the Access Group’s Human Capital Management (HCM) offering and complements earlier HCM, digital learning and career development acquisitions including CoreHR, Unicorn Training and MicroLearn. Following recent acquisitions of Attaché and Unleashed, Abintegro additionally further extends the group’s growth and activities in the Asia-pacific region, specifically New Zealand and Australia.
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Abintegro provides technology-based solutions that empower individuals to understand their potential, identify and plan career paths and build the skills and know-how to achieve their goals. Abintegro was founded 12 years ago by brothers Tony and David Heard, who have since built a team of 40 staff. Abintegro’s customers include Brent Council, Lloyds Register, RAC, University of Bristol, Lancaster University, University of Exeter, NHS and University of Melbourne. More than half of all universities across UK, Australia and New Zealand use the platform. Annual Recurring Revenue exceeding £5m is forecast for FY21.
This latest acquisition builds on October’s announcement from the Access Group of significant year-on-year pro forma revenue growth of 47%, leading to pro forma revenues of £315 million UK and pro forma adjusted EBITDA of £109 million UK for its fiscal year ended June 30, 2020 (“FY20”). These results continue 15 straight years of uninterrupted profitable growth for the company.