Learning Technologies (GB:LTG) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
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.
For further insights into GB:LTG stock, check out TipRanks’ Stock Analysis page.
