SAN FRANCISCO – December 1, 2022 – Francisco Companions (“FP”), a number one world funding agency that makes a speciality of partnering with know-how companies, at present introduced the completion of the acquisition of Litmos (the “Firm”) from SAP.
Litmos is a web-based coaching platform that makes the administration and supply of internet and cellular coaching programs simple for worker coaching, buyer coaching, companion coaching, and extra. The corporate is likely one of the quickest rising studying know-how suppliers on this planet, supporting greater than 30 million folks in 150 nations, throughout 35 languages.
In reference to the re-launch of Litmos as an impartial firm, Mike Scarbrough might be becoming a member of the Firm as CEO. Mike has over 30 years {of professional} expertise in software program and know-how. He most just lately served as CEO of SalesVista, a gross sales compensation software program firm. Previous to SalesVista, Mike served as CEO of Nextech, a healthcare know-how firm, and beforehand as CEO of NexTraq, a fleet administration software program firm. Mike has a demonstrated monitor report of driving product innovation and delivering sturdy worth to clients.
“Since becoming a member of Litmos, I’ve been extraordinarily impressed with the workforce, its customer-centric method, and its dedication to innovation. In my new position, I promise to embody the spirit of Litmos and ship clients, companions, and staff a best-in-class expertise,” mentioned Mike Scarbrough, CEO of Litmos. “Working with the prevailing Litmos workforce and partnering with FP empowers us to give attention to buyer success and enhance buyer happiness.”
“We’re delighted to companion with Litmos and assist its re-emergence as an impartial firm,” mentioned Jason Brein and Christine Wang, Companions at Francisco Companions. “We’re investing in Litmos to speed up development by investing in and increasing the Litmos workforce, advancing product growth and advertising, and increasing buyer success.”
Kirkland & Ellis LLP served as authorized advisor to Francisco Companions.
About Francisco Companions
Francisco Companions is a number one world funding agency that makes a speciality of partnering with know-how and technology-enabled companies. Since its launch over 20 years in the past, Francisco Companions has invested in over 400 know-how firms, making it one of the crucial energetic and longstanding buyers within the know-how trade. With roughly $45 billion in capital raised so far, the agency invests in alternatives the place its deep sectoral data and operational experience can assist firms notice their full potential. For extra data on Francisco Companions, please go to www.franciscopartners.com.
About Litmos
Litmos develops eLearning options for top-performing firms. A longtime chief available in the market since 2007, Litmos provides the world’s easiest-to-use LMS and a complete course library. 1000’s of firms belief the options to create, curate, and join studying content material to staff, clients, and companions.
Acquired by CallidusCloud in 2011, then by SAP in 2018, and by Francisco Companions in 2022, Litmos continues to innovate award-winning studying know-how and set the usual for buyer expertise and satisfaction. The options are utilized by greater than 30 million folks in 150 nations, throughout 35 languages.
Media Contacts
Whit Clay / Sarah Braunstein
wclay@sloanepr.com / sbraunstein@sloanepr.com
