Loughborough-headquartered The Access Group has acquired Abintegro Limited, a privately-owned London-based company known for its career development and digital learning technologies.
Abintegro will join the Access People division adding to the breadth and depth of the Access Group’s Human Capital Management (HCM) offering and complements earlier HCM, digital learning and career development acquisitions including CoreHR, Unicorn Training and MicroLearn.
Following recent acquisitions of Attaché and Unleashed, Abintegro additionally further extends the group’s growth and activities in the Asia-pacific region, specifically New Zealand and Australia.
Abintegro was founded 12 years ago by brothers Tony and David Heard, who have since built a team of 40 staff.
Abintegro’s customers include Brent Council, Lloyds Register, RAC, University of Bristol, Lancaster University, University of Exeter, NHS and University of Melbourne. More than half of all universities across UK, Australia and New Zealand use the platform.
Annual Recurring Revenue exceeding £5m is forecast for FY21.
This latest acquisition builds on October’s announcement from the Access Group of significant year-on-year pro forma revenue growth of 47%, leading to pro forma revenues of £315 million UK and pro forma adjusted EBITDA of £109 million UK for its fiscal year ended June 30, 2020 (FY20). These results continue 15 straight years of uninterrupted profitable growth for the company.
Dean Forbes, president, Access People said: “The addition of Abintegro into the Access Group’s HCM portfolio not only continues our strategy for enabling organisations to power success through people, but also offers us the potential to offer individuals everywhere the freedom to design their career development for tomorrow’s opportunities in the workplace. We welcome Tony, David and the Abintegro team into the Access Group.”
Tony Heard CEO, Abintegro, said: “Joining Access gives Abintegro access to a whole new level of product investment, development expertise and opportunity. Our business philosophies are remarkably similar, with long-term relationships being paramount. Our customers will have the opportunity to explore a wider and deeper range of digital learning content and other technology solutions all from a single provider. My team and I are excited to be joining Access People.”
Terms of the deal were not disclosed.