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  1. Technology
June 27, 2000

Acquisition of Direct Media Technology

COMPANY PRESS RELEASE: Skillsgroup has acquired DMT for a maximum net consideration of £5.3 million. Of the consideration, £5.0 million will be settled at completion in the form of £4.0 million in loan notes and the issue of 677,966 new ordinary shares in Skillsgroup (value of £1.0 million).

By CBR Staff Writer

Application has been made for the listing of these new shares. In addition, £0.3 million of cash consideration is deferred over three years and is dependent on the continuing employment of the principal vendor director.

DMT is a growing provider of leading-edge Learning Management Systems (LMS) to corporate customers in the rapidly emerging market for this service. The company helps clients achieve greater efficiency in their training programmes by providing the systems and expertise required to deliver, manage and monitor online and traditional training activity company-wide. The company has a broad customer base across a range of industries and includes amongst its clients many blue-chip companies.

In line with recent announcements regarding Skillsgroup’s new business venture,, and following a detailed business planning phase working with advising consultants, the Concours Group, this acquisition represents a significant building block in our strategy of becoming a leading provider of integrated learning solutions to organisations on a worldwide basis. The purchase provides the Group with a best-of-breed LMS product – Interactive Training Manager – a flexible and sophisticated system, which allows delivery of tailored training content as well as providing compatibility with the courseware of major training companies.

Whilst DMT will continue to be operated as a standalone business, the LMS capabilities it provides will become a core component of both the Group’s newly-established web-based training solutions business,, and its QA Training operation.

Commenting on the acquisition, David Southworth, Executive Chairman said: The acquisition of DMT furthers our ambition through of becoming a major player in the new web-based training solutions market and will strengthen QA’s market leading position in instructor-led training. Clients of both QA Training and will benefit from the world-class LMS solution we can now provide.

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