Irish Company Buys for US$18m

RTE are reporting that, a US-based e-learning company has been snapped up by Thirdforce, based in Blackrock, Dublin (with locations in the UK, Australia and New Zealand as well).

The deal is worth US$9m in cash with a further US$9m in shares as the story goes.

In a statement to the Irish Stock Exchange this morning, Thirdforce said the consideration comprises of $9 million in cash and $9 million by the issue of new ordinary shares in the merged company. The company also intends to raise up to €13m through a share placing at a price per share of €0.19, with the proceeds of this placing used to fund the acquisition.

What or who are

MindLeaders is an employee and individual performance-improvement company with nearly 25 years of experience in the technology-based, self-paced training field. We provide personalized learning that supports organizational success. Our e-learning tools cover topics ranging from networking in an enterprise environment to personal use of the pc and from healthcare privacy issues to business skills.

They also provide over 2,000 online training courses online. Overall it looks like a good buy for company who have had some ups and downs in the past year or so.

Leave a comment

Your email address will not be published.