Updated on October 14, 2020. eCreators is no longer a Moodle Partner.
In a surprising announcement, Melbourne-based eCreators, 2019 Global Moodle Partner of the Year, has been acquired by UK-based Learning Technologies Group. Earlier this year, LTG had acquired the Moodle business of Blackboard, Open LMS —formerly Blackboard Open LMS, formerly MoodleRooms—.
According to a press release by LTG, the acquisition serves the purpose is increasing the company’s foothold in the Asia-Pacific region, and increase the level of service, functionality and innovation spearheaded by Dean Saunders, eCreators co-founder who will now act as Open LMS‘ VP of Product; and its flagship Learnbook Learning Experience Platform (LXP). Sally Matheson, also co-founder and General Manager, will take on the Head of Operations role.
On an early statement, Managing Director of Open LMS, Phill Miller, praised eCreators motto —”love the way you learn”— and relentless focus on the customer experience. With the acquisition, Open LMS becomes the largest provider of Moodle and Open Source LMS services globally, boasting nearly 800 staff.
The transaction, still pending regulatory approval, is tagged at ₤3.1 million GBP plus performance payment, and is expected to be complete by October.
Dean Saunders’ letter
Over at ecreators.com, Saunders reflects back on the journey that started in 2007 focused on developing products that would lead to customer success. For him, this new stage is the continuation of the path towards “creating unprecedented value for our customers and partners” mainly through providing a “a first-class experience”
“Over the coming months and years, we’ll be showing you new levels of service, expertise, products and people which I’m confident you’ll find a new love for. As for me, I’ll be stepping into a Head of Product role, which will see me lead the acceleration and unity of our two great products, Open LMS and Learnbook.” — Dean Saunders, Head of Product, Open LMS.
Learn more at openlms.net.
Learning Technologies Group (London Stock Exchange Alternative Investment Market: LTG)
With the acquisition of eCreators, LTG now owns over a dozen EdTech and elearning brands, which included LEO (former Moodle Partner), Rustici, and Watershed LRS. With a market capitalization hovering around the ₤1 billion, LTG stock has shown significant volatility throughout the year, not unlike the global economy. The day of the announcement, a ₤7.9 million sale took the stock down nearly 10% to ₤129, still on a general positive trend and well above the year low of ₤62.2 per share. Significant shareholders of LTG include Andrew Brode, Non-executive Chairman (owning 17% of the stock as of writing), CEO Jonathan Satchell (11%) and investment and 6 private equity firms holding between 7 and 4% each.
“eCreators’ culture fits closely with ours, and I am particularly excited by its potential to integrate with and extend the capability and geographic reach of our market-leading Moodle expert, Open LMS. Our Moodle technology is highly scalable, and eCreators will help us identify and pursue the growth opportunity in the global Moodle market.” — Jonathan Satchell, CEO, LTG.