LTG wins contract for the Civil Service
Learning Technologies Group PLC
("LTG" or "The Group")
LTG wins landmark learning and development contract for the Civil Service
As part of a strategic alliance with KPMG UK LLP, LTG's learning solutions business LEO has won a formal tender process managed by Crown Commercial Service on behalf of Civil Service Learning ("CSL"). The consortium has been awarded a three year contract (with the option for CSL to extend for a further one year) to provide learning and development services for the entire UK Civil Service.
This substantial contract is a transformational deal for LTG and is the most significant contract the Group has ever won.
The UK Civil Service comprises more than 400,000 people and CSL is dedicated to providing appropriate and timely learning and development to all UK civil servants, in order that they obtain the key skills required to deliver public services of the highest standard.
In collaboration with KPMG, LEO will lead the design and development of the new learning architecture, creating blended courses that incorporate a combination of digital, informal and classroom components. KPMG and other consortium members will be responsible for other aspects of the contract with CSL, including the delivery of face-to-face training.
LEO was formed in 2014 through the merger of Epic (LTG's original e-learning business) and LINE Communications, to establish the UK market leader in e-learning. The combined capabilities of the two businesses created the in-depth strength and industry leading expertise to enable LEO to win such a large and prestigious contract alongside its consortium partners.
The scoping phase commences this week and the Board anticipates that after a significant upfront investment by LEO to develop the core architecture and course components in the latter part of 2015 and H1 2016, the financial benefits will begin to accrue from H2 2016. The Board looks forward to updating the market in due course.
Jonathan Satchell, Chief Executive of LTG said:
"We are delighted to be working with KPMG on this substantial contract for Civil Service Learning. This is transformational for LTG and confirms we are now able to deliver major scale strategic learning solutions to government and global corporate customers. I fully expect it will open the door to further opportunities of a similar nature.
This win has both affirmed and endorsed the strategy of acquiring LINE and combining it with Epic to create the UK leader in e-learning. We set out to build a business of scale which in short order would have revenues of £50m per annum. This high quality revenue stream marks another milestone in achieving this target."
14 December 2015
Enquiries
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Learning Technologies Group plc |
+44 (0)1273 468 889 |
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Jonathan Satchell, Chief Executive |
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Neil Elton, Group Finance Director |
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Numis Securities Limited |
+44 (0)20 7260 1000 |
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Stuart Skinner/Michael Wharton (Nominated Adviser) |
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James Serjeant (Corporate Broker) |
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Instinctif Partners |
+44 (0)20 7457 2020 |
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Matthew Smallwood |
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This information is provided by RNS
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