On August 17, 2022, SAP and Francisco Partners (FP) announced that they had reached a definitive agreement under which Francisco Partners will acquire SAP Litmos – Learning Management System.
The transition of Litmos into an independent company will be completed in December 2022.
Litmos LMS is the world’s most agile and modern next-generation e-learning platform (NextGen LMS). Used by large companies and SMEs, Litmos has been a leader in the e-learning industry since 2007, with over 30 million users.
Litmos also offers its customers a constantly updated catalog of courses in its Litmos Training Content Library, which currently contains over 2,000 training content.
A new exciting future for Litmos LMS.
The success of our customers has always been the absolute priority for Litmos and SAP. To achieve this goal, SAP regularly reviews its portfolio of solutions to ensure that resources and investments are optimized to support growth, innovation, and ongoing success.
For Litmos’s new future, SAP has chosen Francisco Partners as the ideal and strategic investor, due to their incredible investment capabilities, organizational culture, and industry experience. This transition will offer even more value to Litmos customers.
“SAP is committed to making every organization intelligent, connected, and sustainable through data, technology, and best practices,” said Meg Bear, President and Chief Product Officer of SAP SuccessFactors. “As part of SAP’s ongoing portfolio review, we determined that the value proposition and features of SAP SuccessFactors Learning and SAP Litmos solutions overlapped.“
Allowing e-learning platform Litmos to operate as an independent company will allow it to continue growing and accelerate the innovation of its digital training solutions.
“Francisco Partners will be able to provide Litmos with the investment, attention, and experience to continue growing and innovating technologically.“
Who is Francisco Partners?
Francisco Partners is a global leading investment firm specializing in partnering with technology companies. Since its inception over 20 years ago, FP has invested in over 400 technology companies, becoming one of the most active and longest-standing investors in the technology sector.
Francisco Partners has extensive experience in the training and HCM technology space. Its investments have always focused on companies with the best solutions on the market.
With approximately $45 billion of capital raised to date, Francisco Partners invests in companies where it can contribute to unlocking their full growth potential – through deep sector knowledge and operational expertise.
“We are extremely excited to partner with Litmos to further unlock its growth potential and offer even more to its customers and partners,” said Jason Brein and Christine Wang, Partners at Francisco Partners. “As an independent company, Litmos will have greater flexibility to focus all its investments and operations on customer success and increasing their satisfaction, by enhancing the capabilities and features of the platform, the content library, and integrations with other software.“
This change represents a very important chapter for Litmos LMS – and therefore looks forward to an exciting future for Litmos, the next-generation e-learning platform!
For information and to request a demo of Litmos, please contact us.