Emerald acquires Mind Tools and strengthens its position as a leading global learning business
Towards Maturity’s parent company, Emerald, announces the next step in its strategic growth.
Bingley, United Kingdom, 14 March 2019 – Emerald Group, the global provider of research and learning resources, today announces the successful acquisition of Mind Tools, the digital learning and performance support company.
Emerald is uniquely placed amongst its competitors, with a strong position in both the academic research market and learning and performance development in the corporate and public space. The Group’s shared ambition is to unlock the talent and potential in people to help make decisions that lead to real change and positively impact performance. This acquisition responds to a growing need for tools that help today’s worker learn quickly, adapt to diverse situations and maintain a high level of performance. Thousands of corporate and individual learners in over 180 countries currently subscribe to Mind Tools resources, which help to build their management, leadership and personal effectiveness skills.
Peter Casebow, CEO of Emerald’s corporate learning division comments, “This is a perfect fit for Emerald in our continuing goal of providing solutions rooted in a firm evidence base and with a practical impact. We already provide a leading performance support solution in the business user market. Together with Mind Tools, we can provide the best experience to customers and users, whether they’re accessing our resources at work or as part of learning in their everyday lives.”
Co-founders James and Rachel Manktelow will now be stepping back to pursue other interests. James comments, “We are very pleased and proud to see Mind Tools join Emerald. We started Mind Tools because, as managers ourselves, we struggled to find resources to help us develop our own careers. Over the past two decades, together with our team of wonderful and talented people, we’ve built a solution and resources that help millions of people thrive at work. With Emerald, Mind Tools has found a great new home for the next phase of its growth.”
Mind Tools CEO, Ollie Craddock, will now join Peter and fellow Board members as the business looks to an exciting future in a growth market.
The shareholders of Mind Tools were advised by KPMG and Eversheds Sutherland. Emerald was advised by IBIS Capital and DLA Piper with funding support provided by Barclays and HSBC.
About the Emerald Group
Emerald is a global learning organisation, based Bingley, West Yorkshire, with a global presence in 130 countries worldwide. While its roots are in publishing, and bringing research to life, the Group’s corporate learning division provides learners with the insight and tools they need to overcome challenges, improve performance and excel in the workplace. Founded in 1967, Emerald’s core purpose for over 50 years has been to champion fresh thinkers and help them make a difference so that little by little those in academia or in practice can unite to bring positive change in the real world. www.emeraldgroup.com
About Mind Tools
Mind Tools is one of the world’s most popular digital learning and performance support solutions helping more than 24 million people each year, used by learners from all over the world and from many different levels within organizations – ranging from senior executives and business owners to young professionals and career-starters. www.mindtools.com
About Towards Maturity
We help L&D professionals deliver successful learning strategies. Since 2003 we have generated data and insights from more than 7,500 learning professionals and 50,000 learners across 55 countries. We know what works and we know how learning innovation can directly improve key measures:
Growth > Transformation > Productivity > Profitability
We provide L&D with the support they need to bring together all key stakeholders in the learning journey, ensuring that the learning function works effectively to embed a high-performing learning culture across the business.
By applying the breadth and depth of our industry analytics and our robust, evidence-based approach, we can help connect learning decisions and outcomes to real business impact.
On 15 & 16 October at the NEC, Birmingham, the World of Learning Conference will enable Learning & Development (L&D) professionals to learn from industry leaders and to network with peers.
Towards Maturity announces departure of CEO and founder. Towards Maturity announces that CEO Laura Overton has taken the decision to step back as the business moves to its next phase of growth.
New research shows 29% of learning leaders are overwhelmed and under skilled. The biggest challenges to learning transformation are digital disruption, cultural resistance and L&D readiness. Towards Maturity’s latest report, based on its annual L&D Health Check research and launched at last week’s Learning Technologies 2019, reveals that in a time of constant change, L&D must use an evidence-based approach to work through the barriers to successful transformation.