Digital Learning Marketplace plc : Global Distribution and Development Agreement
Embargoed until 7am 23 April 2012
DIGITAL LEARNING MARKETPLACE PLC
("DLM" or the "Company")
Global Distribution and Development Agreement
The Directors of Digital Learning Marketplace plc (DLM), the AIM listed digital learning company, are delighted to announce that on 16 April 2012 DLM acquired the exclusive global distribution and development rights to People First Ltd's employee engagement tool "An Even Better Place to Work".
An Even Better Place to Work is an online employee engagement diagnostic and accompanying programme, designed to be run in 10-15 minutes bite-sized modules during weekly team meetings. DLM will now be developing new digital content and tools to enhance and expand the product set.
DLM will be digitising and gamifying the product and developing digital learning content to support managers implementing the programme. The programme measures 28 factors that impact on employee engagement, reports the findings at the individual, team and organisational levels, then delivers resources and activities that quickly create a well led, motivated and highly productive workforce.
DLM also takes-over the on-going contracts with customers such as the NHS, Siemens, Emirates, and Black & Decker, as well as the management of a consultancy and reseller network of leading employee engagement experts.
The revenues of the on-going contracts is £100,000, consideration for the deal is a revenue split with People First Ltd receiving 75% of renewals and 50% of new business.
Andy Hasoon, CEO of DLM said: "Our customers tell us that employee engagement is a key issue for them. They know that it has a major impact on performance and are desperate for a cost effective solution that can demonstrate real results."
"This tool does not just survey, it is a diagnostic tool kit with set of interventions that deliver measurable improvement. It perfectly fits our overall strategy of delivering products to our customers that provide them with needs assessment, targeted bite-sized solutions, and follow-up metrics that can measure the impact of those interventions."
"One customer told us that after using the product they have seen a 75% reduction in absenteeism, another said that they had achieved a 25% improvement on KPIs - those are levels of improvement most firms can only dream of but which An Even Better Place to Work is delivering every day."
Shay McConnon, owner of People First Ltd, and creator of An Even Better Place to Work declared himself to be "excited to have found a partner who has the vision, talent and technological expertise to develop An Even Better Place to Work in a way that will fully exploit the potential of the concept. DLM has the sales capacity to take what is already a successful product global and bring it to a much larger audience."
For further enquiries please contact:
Digital Learning Marketplace Plc Tel: 020 7408 4720
Beaumont Cornish Limited (NOMAD) Tel: 020 7628 3396
Northland Capital Partners Ltd Tel 020 7796 8800
Rivington Street Corporate Finance (Broker) Tel: 020 7562 3357
Leander (Financial PR) Tel: 07795 168157
NOTES TO EDITORS
DLM is a digital learning company which specialises in the provision of productivity improvement, compliance and process change using training to provide the solutions. The appropriate solution may be digital learning or instructor led, or blended learning a mix of the two, to regulated industries and distributed workforces. DLM (previously Intellego) was founded in 2002 and listed on AIM in December 2004 with the ticker "DLM".
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Source: Digital Learning Marketplace plc via Thomson Reuters ONE