October 21, 2014
Relias Learning, the leader in SaaS-based training and compliance solutions for the health and human services market, will be acquired by Bertelsmann, the preeminent global media company based in Germany. Bertelsmann is buying Relias from its current owners, Vista Equity Partners and LLR Partners.
Relias’ headquarters will remain in Cary, North Carolina, and the current leadership team will continue to manage the business. Relias has grown to almost 300 employees, and the company expects to hire more employees to keep pace with a burgeoning e-learning market.
“We are thrilled to become part of the Bertelsmann family,” says Jim Triandiflou, CEO of Relias Learning. “Relias has grown tremendously over the past few years due to our dedication to our customers and our passion for delivering the world’s best online training.
Bertelsmann’s entrepreneurial culture, commitment to world class products, international reach, and financial backing will allow Relias to continue investing in our core U.S. markets, as well as internationally, ensuring that we have the very best products in the world.”
“Relias is the leading e-learning provider in the healthcare and compliance sectors, and the company profits from the three global megatrends of education, health and digitization,” says Thomas Rabe, Chairman and CEO of Bertelsmann. “Relias management has done excellent work in building the business over the past few years. We are delighted to welcome this successful team to Bertelsmann, and we look forward to massively expanding the business with them.”
Relias Learning was formed in 2012 through an investment by Vista Equity Partners and the merger of Essential Learning and Silverchair Learning Systems. The company has grown dramatically through acquisitions and organic growth and now serves more than 4,000 organizations with more than 20 million courses completed annually. During the acquisition process, Credit Suisse served as the exclusive financial advisor to Relias Learning.
“Over the past few years, Relias has done a remarkable job growing its customer base without wavering in its commitment to deliver robust, SaaS-based training and compliance solutions for the health and human services markets,” said Rob Rogers, Principal of Vista Equity Partners. “Relias has become the trusted leader in the e-learning market, and the company is well-positioned for continued growth and success.”